An expensive, chauffeur-driven car rolls up to the gates of a housing society and out clambers a well-dressed gent. It’s a run-down building, old, and without an elevator. Luxe cars and sharply dressed corporate types are rare in this neighbourhood. The gentleman, a senior partner in one of the Big Four audit firms, is visiting a humble, two-room apartment
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to 30% of the audit team are not CAs. “Not just a name, but a lasting name,” read the plaque outside the Arthur Andersen office in Mumbai nearly two decades ago. The firm famously collapsed after the Enron scandal. Audit firms in India are nowhere near that situation. But they do face the tough job of protecting their reputation.