Holding Auditor Solely Responsible Is Unfair: Anil Sanghvi
  • Elizabeth George
  • Aug 08 2013

August 8: The Companies Bill, 2012, passed by the Rajya Sabha today tightens auditor compliance by mandating regular change of auditors and making the firm liable if one of its auditors is guilty. Anil Singhvi, Chairman of Ican Investment Advisors, says it’s unfair to hold just one partner guilty. “The auditor and the company have a collective responsibility towards the shareholder,” he adds.