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The Indian affiliate of PricewaterhouseCoopers routinely failed to follow the most basic audit procedures, the United States Securities and Exchange Commission said Tuesday as it penalized the firm for its failed audits of Satyam Computer Services, the Indian company that falsely reported more than $1 billion in profits.
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She did this so easily that it suggests an absence of the most basic auditing and management procedures.
The most basic is that they are responsible for auditing managements that, ultimately, pay them to do so.
However, the audit trail for aid delivered outside DfID – for example, the cross-government prosperity fund – is such that MPs have to resort to parliamentary questions to scrutinise even the most basic facts and figures.
Even the most basic facts elude us.
This method is the most basic.
The most basic right of all.
The most basic is traditional corporate philanthropy.
Food is the most basic human need.
And, in the most basic terms, costly.
"The most basic is who's there.
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