Terming the financial wrongdoing in Satyam [Get Quote] as 'trespassing of rules', an international body of accounting standards said on Friday laws cannot be held responsible if they are violated.

"In every legislation, if people do not stick to the law, if people don't stick to the rule, you should not blame the rules. Rules can always be broken," said Gerrit Zalm, chairman of the Trustees of International Accounting Standards Committee Foundation.

Asked if action will be taken against PricewaterhouseCoopers, which audited Satyam accounts, he said, "This is not our business. Our business is to make accounting standards, it is for other regulators (to see) that they are adequately applied."

The foundation is the oversight committee of the International Accounting Standards Board which frames the global standards.

He said it is not the responsibility of those who make the standards to see that the norms are not broken.

To a query on whether Satyam had not followed the rules, Zalm said rules are good but this is a clear trespassing of the rules.

Zalm, who met corporate affairs minister Prem Chand Gupta said, "First this is for the accountants and auditors and secondly for the regulators to keep an eye on whether they are following rules or not. We are not responsible for enforcement, we are responsible for good legislation."

He met the minister on the issue of convergence of Indian accounting standards with global norms IFRS by 2011.