A court in India ruled that a bank is responsible for not detecting forgery and has been asked to pay back the amount forged from a customer's account.
If that is the case, what is the responsibility of an external auditor of a company? If a company provides forged documents to an auditor, is he (auditor) expected to recognize the forgery? Is he expected to verify the authenticity of the documents he is auditing? If not we will only have priceless watered down houses of auditors.
Published on
5/15/12, 9:50 AM
India Standard Time
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