Take auditors to task

The Satyam chairman's admissions of manipulating accounts come as a shock to the corporate world during this time of economic crisis.

CHEAT: Ramalinga Raju

The Satyam chairman's admissions of manipulating accounts come as a shock to the corporate world during this time of economic crisis.

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What is even more shocking is what reputed audit firm Price Waterhouse claimed about the scam.

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It is evident that the firm had also connived with the Satyam boss to fudge the accounts.

Auditors should be taken to task. All involved in the scam must be prosecuted and their licenses should be withdrawn.

Customers and shareholders have not only lost total faith in Satyam but their fortune too.