An estimated 5% of U.S. audit work is now done in India, up fromjust 1% to 2% five years ago, and the move is creating concernsabout the oversight of that work, Reuters reports. According to thestory, U.S. regulators do not do physical inspections of worksitesin India, but the Big 4 audit firms say the work done in India isreviewed in the U.S. The Big 4 firms also say the work done inIndia is routine, but others argue that the offshore centers aretaking on more complex work.
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