CAs are facing more heat today as norms are strong, says Srinivas

Amid instances of frauds at companies, chartered accountants are facing the “most heat today” as strong auditing and accounting standards are in place, said a senior government official.

The remarks of Corporate Affairs Secretary Injeti Srinivas also come at a time when the role of auditors has come under scanner for alleged violations, including in the IL&FS case.

“When all the corporate frauds and crises came one after the other, we ran after chartered accountants. I think they are facing the most heat today... the statutory auditors,” he said.

“They are facing the most heat. Why? (Because of) very strong