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The auditing profession plays a vital role in maintaining the integrity of the Indian capital markets, but recent audit failures are renewing doubts about whether the country’s largest accounting firms are truly serving the public interest. Critically examine and suggest measures to overcome the challenges.

6. The auditing profession plays a vital role in maintaining the integrity of the Indian capital markets, but recent audit failures are renewing doubts about whether the country’s largest accounting firms are truly serving the public interest. Critically examine and suggest measures to overcome the challenges.(250 words)

Reference: Indian Express