Audit firms count the cost as India looks to tighten rulesThe landscape of corporate governance in India is on the brink of transformation, with new proposals potentially establishing some of the h...
IL&FS case: NFRA bans another auditor Rukshad Daruvala for 5 years; Rs 5 lakh fine imposedRukshad Daruvala is at least the second auditor in the matter to be barred by NFRA. However, NFRA's ruling would not come into force till J...
IFIN case: Big win for Deloitte, BSR & CoThe Bombay High Court on Tuesday ruled the ministry of corporate affairs (MCA) cannot take action against auditors over their role in the a...
Big win for Deloitte, BSR in IL&FS case where government was seeking to ban themThe Bombay High Court said that the Ministry of Corporate Affairs (MCA) can’t take action against the two.
IL&FS: Experts cheer HC ruling, say banning auditors no solutionNCLT had earlier ruled that it has the jurisdiction to “remove and ban” auditors.
SAT quashes Sebi order of banning PwC for two years from auditingSAT ruling went on to add that Sebi in fact has no jurisdiction banning any audit firm.
NCLAT refuses to stay NCLT hearing in IL&FS fraud caseNCLT Mumbai will continue its scheduled hearing in the case of their alleged role in the IL&FS fraud matter.
IL&FS Scam: We have the jurisdiction to ban you, NCLT tells Deloitte, KPMGThe ministry had in June moved NCLT seeking a five-year ban on them on these auditors in the IL&FS saga.
NCLT reserves order on MCA seeking 5-yr ban on IFIN auditorsAfter hearing arguments of the auditors and the MCA, the tribunal comprising of VP Singh and Ravikumar Duraisamy reserved the order.
Deloitte, BSR fight with government over NCLT’s jurisdiction to ban them for 5 yearsThe auditors said that courts can’t rewrite a statute, legislate and enact but can only interpret a law.
PwC exits put auditors, banks, rating cos in a fixThe PwC move comes in the backdrop of the profession running into a rough patch.
MNCs in a fix over likely ban on 2 audit firms in IndiaMNCs and Indian cos with global operations are in a fix over their audits amid likely ban on KPMG and Deloitte.
IL&FS probe: NFRA seeks documents from auditorsNearly 40 auditors including Deloitte, KPMG, EY have been asked to give hard copies, cloud access.
Tatas await decision on plea to ban Deloitte, BSRIf the ban comes to play, it will be a setback for the two firms as it will lead to 300-plus listed companies shifting their business to ot...
Ban on Batliboi not fair, EY tells RBIThe firm has made representations to the RBI about the unfairness of such a ban and sought a relaxation of its stance, one of the people ci...
IL&FS scam: Government moves NCLT to seek 5-year ban on Deloitte, KPMG affiliate BSRThe proposed ban, could prevent the two firms from auditing any listed or unlisted company for five years.
RBI ban on SR Batliboi & Co may impact audit of large lendersThe central bank’s action against Batliboi on Monday came after it found several lapses in the audit report of Yes Bank, said a person priv...