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EY AFFILIATE FIRMS
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...
Books & marks: India Inc prefers the Big 6 for auditBig Six audit firms like Deloitte, PwC, and EY handle most audits for top Indian companies. EY leads with the most mandates. Grant Thornton...
Big Four affiliates catch the poll fever again, line up for ICAI postsAfter a break, partners from Big Four affiliates are engaging in ICAI elections due to a more assertive ICAI, changing audit rules, and rec...
ICAI disciplinary panel overlooks stay to pass order against 2 partners of PwC armsDespite a Delhi High Court stay, the Institute of Chartered Accountants of India (ICAI) has published orders penalizing two PwC affiliate p...
Big 4's dominance: Local companies call for level playing fieldIndian auditing firms are pushing for fair competition with multinational counterparts, expressing concerns over the Big Four's increasing ...
ICAI defends action against EY affiliates, says move in sync with its statutory powerICAI defends action against EY affiliates, cites statutory power. Delhi HC stays order. ICAI directs firms to end tie-ups violating norms. ...
Delhi Court stays ICAI move to bar EY affiliate firms, partnersDelhi High Court issued stay order against ICAI regarding actions on EY affiliate firms. Partners barred, fines imposed, partnerships termi...
ICAI lens on big four affiliates over their association with global entitiesThe EY affiliate firm, SRBC & Co LLP spokesperson told ET that they will explore all issues raised in the order and explore options under t...
Big six corner most of auditing business in Nifty-500 universeAccording to the report, of all the companies with equity shares listed on the NSE main board, the Big 6 Indian audit firms secured 637 ass...
ICAI charges 3 EY India affiliates with professional misconductThe Institute of Chartered Accountants of India (ICAI) has found three EY India affiliate entities guilty of professional misconduct and re...
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...
Top 5 audit companies corner lion's share of mandates"Major listed companies opt for the top five auditors due to their strong reputation. The top auditors too prefer to work with the larger l...
Big 4 affiliate firms continue to lead audit business in IndiaIn India, the Big Four firms conduct their audit business through affiliate firms. The EY group has emerged as the market leader with 153 m...
EY India's former audit chief Sudhir Soni to join KPMGSoni used to head EY’s audit practice in India until September 2020 and was in charge of the firm’s audit affiliate SR Batliboi and Co LLP....
Financial regulatory authority cites social media posts to blow a hole in the defence put up by the Big Four in IL&FS caseNational Financial Regulatory Authority (NFRA) in a recent report on IL&FS Financial Services Ltd (IFIN) even posted screenshots of social ...
Tells us how you conduct your business: NFRA asks top professional services firmsThe regulator sent a form to the firms seeking details of their client roster, the fees they charge, salaries of partners, money made from ...
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...
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...
Cos need due diligence on third party business relations: EYAn analysis of over 30,000 due diligence checks by EY over the last three years found that in almost 50 per cent instances there have been ...