NFRA plans to engage with audit panels of big companies to curb fraudsThe National Financial Reporting Authority (NFRA) is planning to directly engage audit committees of large listed companies to sensitise th...
18 Jan, 2024, 10.37 AM IST
Bid for transparency: India's corporate affairs ministry calls for regular general meetings of companiesIndia's Ministry of Corporate Affairs has flagged the importance of regular general meetings amid a surge in company incorporations. These ...
06 Nov, 2023, 03.42 PM IST
UK seeks to rein in Big Four with new, revamped audit rulesThe widely awaited overhaul comes after lawmakers and practitioners promised to improve audit quality following a series of high-profile mi...
01 Jun, 2022, 11.33 AM IST
UK's Big Four auditors await shake-up as corruption probes add upUK authorities want the industry to separate audit and consulting activities, while increasing oversight and competition following allegati...
30 Nov, 2020, 03.43 PM IST
Government looks into auditors' roles in PNB caseThe ministry may refer the matter to the Serious Fraud Investigation Office, which has already started probe into the Rs 11,400-crore Nirav...
21 Feb, 2018, 07.38 AM IST
N Srinivasan out: Key takeaways from the BCCI AGMNarayanaswami Srinivasan’s tenure as the ICC chairman was cut short on Monday after the BCCI withdrew support for its former president.
10 Nov, 2015, 04.00 AM IST
Deloitte, BSR & Co can’t audit MCX books, for nowDeloitte and BSR and Co will be barred from auditing books of MCX, whose dealings with group entities have come under regulatory glare.
09 Apr, 2014, 03.38 AM IST
Indian IT firms face more challenges in domestic marketIndia’s IT lobby Nasscom is setting its sights closer to home. For Indian IT firms, the home market has been far more challenging than the ...
05 Feb, 2014, 11.20 AM IST
Now, audit firms can be penalized for fraudsThe draft rules of the Companies Act is proposing to make auditors and audit firms liable for frauds.
10 Sep, 2013, 12.42 PM IST
- CVC for probe into LIC's investments in 2008 & 2009
CVC came into the picture after finance ministry passed on all reports relating to former chairman TS Vijayan and other MDs to commission a...
20 May, 2011, 02.12 AM IST
- India Inc outsources audit jobs for transparency
After the Satyam scam, cos across industries outsource internal audit work to external firms for transparency. 10 New Year resolutions for ...
31 Dec, 2009, 11.15 PM IST
- No client should exceed 10% biz of audit firm: Panel
No single corporate client or group should account for more than a tenth of the total revenues of any audit firm and its associates, a comm...
30 Nov, 2009, 05.12 AM IST
Satyam a/cs may be restated by March 2010Satyam is set to seek a three-month extension of the deadline for restatement of accounts of the scandal-hit software firm, to March 31, 20...
10 Jul, 2009, 01.07 AM IST
Satyam board meet to firm up cost-cutting planThe rationalisation exercise may target staff who have not been billed for over six months now. They will be offered 40% of their existing ...
11 Jun, 2009, 02.02 AM IST
- Satyam board meets today to evaluate bidders
The Satyam board is also expected to provide an update on the customer exits and employee attrition. Facts about Satyam I Raju's latest pic...
20 Mar, 2009, 12.40 PM IST
- KPMG, Deloitte to submit Satyam investigation report
Global audit firms KPMG and Deloitte apart from investment bankers Goldman Sachs and Avendus begin their presentations at the Satyam headqu...
20 Mar, 2009, 11.04 AM IST
- Price Waterhouse admits goof-up in Satyam audit
A week after Satyam founder B Ramalinga Raju’s scandalous confession, it’s the turn of his auditors. Funny side of Satyam saga! | World's b...
15 Jan, 2009, 01.45 AM IST