Foreign auditors have turned skittish after Satyam, says Shankar Sharma

An Indian auditor is likely to be more circumspect, only if a company is unable to fix a problem would they take the extreme step of resigning

Why did you tweet that you will not invest in a company audited by one of the big four auditors?

The market does not pay a premium valuation for a company being audited by a foreign auditor. On the other hand, if they resign it becomes a huge stigma for the company. So there is zero upside and 50 per cent downside.

Doesn't a resignation signal problems in a company's books?

Investors don't know if something is wrong with the books of accounts of those companies, because the auditors haven't given the proper reasons. But as a shareholder, for no fault of mine,