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EY EMPLOYEE SCANDAL
Australia to tighten scrutiny of Big Four Deloitte, EY, PwC, KPMG after wave of scandalsAustralia will enhance its oversight of major accounting firms following recent governance issues. The government has directed the Australi...- Inside KPMG's AI report scandal: False claims, bogus case studies and hallucinated success storiesKPMG has retracted a global report after major organizations like UBS and the NHS denied claims of using AI for operational transformations...
- EY, PwC ‘Chinese Walls’ under spotlight amid insider trading allegationsAllegations of insider trading against EY and PwC partners in India have raised concerns about the effectiveness of 'Chinese walls' and int...
- US government shutdown: Millions of federal employees brace for mass layoffs. It would cost the economy...A looming US government shutdown from October 1 threatens federal services as President Trump and Democrats remain deadlocked over funding....
- Deloitte focused on quality of growth: N Venkatram, CEO, Deloitte IndiaIn a chat with Vinod Mahanta, Venkatram, who ends his tenure on March 31, spoke about losing 617 clients during audit rotation, dealing wit...
- Why the Wirecard Scandal is relevant for India - Chapter 2: Need to protect the whistleblowerA review of the history of the Wirecard scam reveals that the questionable conduct of its business operations, the unaccounted high volume ...
- Spying claims are latest twist in Germany's Wirecard thrillerOnce a darling of the fintech scene, the payments provider filed for insolvency in June after being forced to admit that 1.9 billion euros ...
- PwC red flags holes in Reliance Capital, Home Finance booksThe irregularities involved alleged diversion of funds between the two firms and other group companies.
- Maruti's dominance, small car bias & global issues make India a tough market for big auto MNCsIn a market that at last count had over 17 carmakers, and in which the top four control over 75%, a legitimate question to ask is: who next...
- Arthur Andersen close to signing up two Indian firms, foray in India by May: SourcesArthur Andersen had to wind up globally after the Enron Accounting scandal in 2000.
- To avoid wrongdoings, banks conducting sting on erring employeesPrivate sector banks, including multinationals, are keeping staff under scrutiny following multiple reports of alleged fraud by employees.
- Lesson from Satyam: Corporate governance evolves, not executionSeven years since the mega-fraud broke out; Satyam is a cautionary tale to companies, auditors and authorities. But has India's regulatory ...
- Web of regulations could come in way of prospective foreign lenders looking to take over banksAlmost every old private sector bank such as Dhanlaxmi, or a Karur Vysya or a South Indian Bank has been a speculator's darling in the past.
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