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BSR AUDIT FIRM
Big Six tighten grip on India's audit market despite mandatory rotationDespite mandatory auditor rotation, India's largest audit firms are consolidating their dominance, auditing 66% of Nifty 500 companies. Gra...
NFRA report flags audit lapses at firms linked to PwC, EY, KPMG, BDOIndia's financial watchdog, NFRA, has released inspection reports on major audit firms. These reports highlight issues with audit independe...
NFRA flags deficiencies in BSR & Co's audit of related party transactionsThe National Financial Reporting Authority (NFRA) identifies significant deficiencies in BSR & Co LLP's audit practices, focusing on relate...
Top auditors stop offering non-audit work to clientsTop audit firms in India, including KPMG affiliate BSR & Affiliates and BDO affiliate MSKA & Associates, have stopped offering non-audit se...
NFRA finds certain lapses in audit quality of network entities of Big 4The inspections of the audit firms were started in December last year and covered various aspects, including review of firm-wide quality co...
NFRA can carry on probe of IFIN audits: Delhi HCWhile hearing the case on Wednesday, the court, however, said no order should be made effective or put on the regulator’s website without s...
Appointment of BSR as an auditor of IFIN was illegal: NFRA report on IL&FSET had first written on July 17 about NFRA’s report on BSR and how the firm did not adhere to auditing standards. NFRA had then sought the ...
IL&FS fraud: National Financial Reporting Authority flags BSR’s lapses in IFIN caseThe inquiry is focused on the allegations of fraud at IL&FS after the company failed to meet debt obligations in September 2018, triggering...
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...
Deloitte Haskins and Sells questions NCLT ambitDeloitte Haskins and Sells challenged Centre’s plea at NCLT that seeks a five-year ban on former auditors of IL&FS Financial Services (IFIN...
BSR drags govt to court after NCLT removed the firm as IFIN’s auditor after it resignedBSR on Thursday filed a writ petition challenging the NCLT order where it, was sacked from auditing IFIN.
In relief for auditors, NCLT stays order of impleadmentThe Centre is looking to clamp down on Deloitte and BSR, a KPMG network firm, for alleged lapses on their part in auditing the accounts of ...
BSR & Associates resigns as statutory auditor of IL&FS Investment ManagersThe announcement has come a day after BSR & Associates, a KPMG group associate, resigned as statutory auditor of IL&FS Financial Services (...
Ahead of NCLT hearing, BSR quits as IFIN auditorGovt had sought a ban on BSR & Deloitte for alleged role in concealing bad loans at IL&FS.
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...
Big 4 thinking of keeping off risky auditsThe audit firms say they are at an inflection point and must take hard calls on the business.
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.
IFIN case: Auditors set to take on SFIOBSR, Deloitte have been accused of colluding with the IFIN management to falsify accounts.
SFIO questions audit partner of KPMG India unitBSR jointly audited the books of IL&FS Fin Services with Deloitte Haskins.