I wont blame auditors. I wud blame those hunting “multi baggers” at market tops. Risk & Reward goes together. BTW who coined the word”multi baggers”. I suspect it must be CNBC or ET
When auditor is skeptical of lot of fraud or management put some restrictions on auditor .
The auditor had to resign instead of giving comments on audit report.
All credits go to the current government, previously (Congress rule) there was not a stringent rule for the CAs/Auditors but now they cant escape. Chor companies will be caught more often. These are blessings in disguise.
LTCG tax, tax on PF (attempted), min balance requirement on savings a/c (which rich people don’t ever care), fuel hike, gas cylinder prices, etc. - for common man
Other side, the benefits, friendly rules to escape from tax, penalty, etc. - for rich people
Let’s for a minute forget politics, political parties, etc and see these things.