the government feels it can rely on er auditors to protect the interests of share holders and the creditors and the other stake holders but  i have to tell the minister that that reliance which is now er strengthened by the regulations b by the er the order today has always proved er inadequate in the er in in the past er because poor auditing practices always get covered up, there's no way for anybody to know how bad or how good er the audit is as long as a company  er survives and we haven't developed in this country, the proper institutional framework to regulate auditors er effectively and to actually make them er er accountable.