Role of the auditors in fraud detection and the regulatory framework

We normally hear the auditors as “watchdogs” rather than bloodhounds”. The origin of this phrase could be traced back to the landmark judgment delivered in the case of Kingston Cotton Mill Company (No. 2) (1896) 2 Ch 279 at 288, UK Court of Appeal in the year 1896.We normally hear the auditors as “watchdogs” rather than bloodhounds”. The origin of this phrase could be traced back to the landmark judgment delivered in the case of Kingston Cotton Mill Company (No. 2) (1896) 2 Ch 279 at 288, UK Court of Appeal in the year 1896.taxmann.com Latest ArticlesRead More

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