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Undo and redo

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  • — Ved Guliani Hisar

    Way to do it

    The magnitude of the Satyam fraud is shocking. It is a known secret that big business houses manage the certification of their balance sheets by their auditors. This problem can be fixed by a strict and compulsory audit by Sebi. Just as the CAG ‘s commercial audit wings do a superimposed audit of PSUs , Sebi, as custodian of shareholders’ interests, should also do a superimposed audit of corporate accounts through its certified agencies. Corporate houses should be compelled to publish their detailed financial results with this added certification. There is much to learn from the Enron affair and the Congressional hearing on the collapse of Lehman Brothers.

    — V.N. Ramachandran

    Vadodara

    Pakistan’s folly

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    Pakistan’s credibility has never hit so low. It may happen that India will soon not be able to say who is more credible: the Pakistani president, the PM, the foreign minister or the information minister. M.A. Durrani, perhaps, could not contain himself and blurted out the truth about Kasab’s identity. Sacking him makes the Pakistani establishment look even sillier and sorrier. It’s good that India’s dossier is sending tremors down the Pakistani establishment’s spine.

    — Prasad Malladi

    Nidadavole

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