ICAI finds two GTB auditors guilty of misconduct - The Econo

Information released by ICAI is an eye-wash to divert attention of ICAI failure as so called regulator. After a year we all forget the story again we will heard another Satyam. PWC has been allowed to sign B/S for last six years and it will go on. When ICAI is producing AS in line with FASB/IFRS standards , why it is not proposing Govt to form ACCOUNTING OVERSIGHT BOARD as in USA.