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PNB scam: What role did the auditors play?
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PNB scam: What role did the auditors play?

While the scam highlights the need for an overhaul of the oversight mechanism of banks and of their internal controls, questions are being raised on why multiple audits failed to raise an alarm Punjab National Bank in an FIR filed with the Central Bureau of Investigation submitted that its in-house investigation had not found any role of chartered accountants, the statutory auditors and empanelled valuers in the alleged scam.   That would be music to the ears of the five statutory ... Rediff.com, 2 months ago
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