Business Tit-Bits: The Big four-Why do Audit Firms get away with minimal punishment?

India’s colossal NPA crisis of over Rs. 15 lakh crores remained hidden for years and has crippled India’s banking system. As much as banks are responsible for the crisis who give loans to unworthy borrower, auditors who are ready to manipulate the books of account should also equally be held responsible. In this episode of the business Tit-Bits, our Business Editor Mr. Akhilesh Bhargava argues, while the crime is so serious, the punishment for the audit firms is too little.

#RBI #ILFS #NPA

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