 "The notice was issued under the FEMA after completion of probe by the adjudicating authority")
“Given the important role that auditing plays in the Indian economy, everyone relying on audit needs to have the same high level of confidence in auditor’s independence, objectivity and effectiveness,” said Subramanian Vivek, partner at Price Waterhouse.
Determining whether an auditor is independent under current laws, say experts, is difficult as audit firms provide services across jurisdictions as part of one common network. As a result, the same network could be
