Auditing the auditor

 .IT firms essentially have huge cash assets generated by the very nature of their business. Channelling spare funds to speculative areas as real estate and the like to cover the transfers invites accounting frauds. The Satyam saga is now seen to have been deviously scripted with pliable auditors.The law has since been amended to put greater onus on the auditor, but its usage will have to wait till after the next fraud. An ' audit forensics ' system could cover audit reports from medium / large firms through a well designed technical scan ,the auditor / audit firms then evaluated and where nEed be ,called to question.The prospect of a regular ,even random audit scan would serve to elevate the quality of the audit and raise the personal stake of the auditor.The surprisingly long delay in the Satyam investigation would only help trigger suspicion on a selective sanitisation of evidence , for whatever reason.