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AUDITOR RESIGNATIONS
From $22 billion to zero: Success, not failure, brought Byju downByju's, once a $22 billion edtech giant, has collapsed. Founder Byju Raveendran faces jail for contempt. The company's downfall stems from ...- From billionaire to jail: Why Byju Raveendran is facing prison and how $22B startup with SRK & Messi as ambassadors crashedByju's founder Byju Raveendran has been sentenced to six months in jail by a Singapore court for contempt of court. The court cited his dis...
- IndusInd's ex-CFO files Rs 70-cr suit over wrongful terminationFormer IndusInd Bank CFO Gobind Jain has filed a ₹70-crore lawsuit against the bank in the Bombay High Court, alleging wrongful termination...
- SFIO widens probe into IndusInd Bank; summons audit firms over ₹2,000 crore derivatives irregularitiesThe Serious Fraud Investigation Office is investigating IndusInd Bank's derivatives portfolio. Major audit firms associated with the bank o...
- Auditor of Zomato subsidiaries resignsThe food tech platform's auditor Deloitte Haskins & Sells has been appointed in its place to make the audit process more efficient.
- KPMG Mauritius: Can SEBI's rules be imposed on auditors of overseas operations?KPMG Mauritius had last month resigned as the auditor of UPL's Mauritius arm. Shares of the Mumbai-based company slumped as much as 9.40% t...
- As more auditors quit, D-Street sees reason to worryThe stock of UPL fell as much as 9% on Friday after KPMG resigned as the auditor of its material arm in Mauritius, though it was to re-orga...
- Price Waterhouse quits as statutory auditor of GVK Power; cite non-cooperationThe auditors alleged that despite several communications to GVK, the group did not provide them with necessary information.
- Sebi proposes stricter norms for statutory auditorsUpon resignation of auditor, audit committee needs to raise concerns with management, Sebi said.
- BSR & Co resigns as auditor of two Reliance group companiesThe auditors had raised questions around corporate deposits and related party transactions in Reliance Infrastructure in the June quarter r...
- ICAI wants Sebi to review proposed norms for auditor resignationsInstitute of Chartered Accountants of India (ICAI) is readying a submission for Sebi in next two days asking the proposed norms about audit...
- Auditor resignation: Sebi moots stricter disclosuresSebi has sought public comments to the proposals by August 8.
- Sebi proposes additional disclosures for auditor resignationsThe proposals revolve around strengthening disclosures to investors and strengthening and clarifying role of the audit committee.
- What should investors do when auditor of company resigns?Like companies, auditors too are under pressure thanks to improved investor awareness and public scrutiny.
- Auditor resignations likely to trigger probes by RBI, SebiIn its charge sheet filed in a Mumbai court in the IL&FS Financial Services (IFIN) case, the SFIO said that timely intervention by RBI coul...
- Government looks to plug gaps in exits of auditors, directorsThe move follows deliberations in the ministry of corporate affairs, which had sought reasons for large scale auditor resignations in compa...
- Inox Wind auditor quits, cites 'time constraints'Inox Wind is the latest to join the bandwagon of companies that have seen auditors resigning halfway through.
- 'Auditor exits from companies good in long term'So far, 37 auditors have quit the assessing books of companies for fiscal 2017-18.
- MCA asks auditors of listed firms to report reason for quitting“We are asking the auditors to share why they have quit in cases where we are not satisfied with the reason cited by them,” a senior offici...
- Manpasand decoded: 30 auditors resigned from Indian companies this yearAfter the companies law mandated audit rotation ended, audit firms are parsing through client portfolio and weeding out risky clients.
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