After the Satyam scam (as revealed in the chapter opener), the ICAI’s High Power Committee on Satyam fraud would have suggested which of the following:

(a) The Reserve Bank of India should ask all commercial banks to send their confirmation letters of bank account balances to both the statutory auditors and the company concerned.

(b) The Reserve Bank of India should ask all commercial banks to send their confirmation letters of bank account balances only to the statutory auditors and not to the company concerned.

(c) The Reserve Bank of India should ask all commercial banks to send their confirmation letters of bank account balances only to the company concerned and not to the statutory auditors.

(d) The Reserve Bank of India should ask all commercial banks to not send any confirmation letter or such communications on bank account balances either to the statutory auditors or to the company concerned.