"Two to four big names destroyed the entire sector. But the sad part is that all of that happened (because) somebody was signing that balance sheet. "We are the moral compass of the society," Goyal said, adding that audit is an integral element of CAs but doing honest audits is "our job and commitment".Goyal urged the CA community to be instruments of change: "Change will come from within, self-regulation. There is a need to introspect, set benchmarks how much investment is required for plant of same size, why imports are being re-routed. "He called upon the CA bodies and associations to expose the weed within their forums.

Source: Economic Times November 13, 2021 13:23 UTC