Former KPMG, EY execs launch audit consultancy, raise $12.5 million from Nexus, othersIt also announced that it has acquired SustainPlus, which provides ESG consulting to companies in India, Europe, the Middle East, and the U...
08 Dec, 2022, 08.32 PM IST
Uniqus Consultech raises $12.5 million in Series A fundingThe startup, which has been co-founded by ex-Big Four leaders—Jamil Khatri, former global head of accounting advisory services at KPMG, and...
08 Dec, 2022, 05.16 PM IST
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....
23 Sep, 2022, 11.25 AM IST
Jamil Khatri, KPMG India’s audit spearhead steps downThe exits have taken place at a time when Yezdi Nagporewalla, the newly elected CEO of KPMG India, is about to take over the corner room fr...
27 Jan, 2022, 09.18 PM IST
KPMG India begins hunt for CEO’s successor to take over next yearThe new chief will take over at a time when the Big Four audit firms are trying to grow their non-audit advisory businesses and gunning for...
06 Sep, 2021, 06.16 AM IST
Sebi forms panel to frame rules for direct listing of Indian firms abroadListing of firms incorporated in India is not permitted on foreign exchanges and vice versa.
12 Jun, 2018, 09.15 PM IST
Arun Kumar likely to become next KPMG India CEOKumar will replace Richard Rekhy who put in his papers in November last year, provided the firm’s Indian partners ratify his appointment. T...
31 Jan, 2017, 12.57 AM IST
State-run banks to beat rising tide of bad loans as India switches to IFRS“Provisions for loan losses would have to be created on an expected loss model as defined in Ind-AS 109, the standard which has been finali...
12 Feb, 2015, 04.22 AM IST
Government issues new rules for auditorsThe government on Monday issued the rules governing the audit and auditors, which also contain details of mandatory rotation of auditors.
01 Apr, 2014, 05.27 AM IST
New Companies Bill to bestow more discretionary powers on governmentThis is a marked increase, in absolute and relative terms, over the current Companies Act 1956, where this phrase appears in 108 of the 658...
08 Jan, 2013, 05.10 AM IST
- Mark-to-Market advantage on forex derivatives may go
Mark-to-market loss or an expected loss shall not be recognised under tax accounting standards, or TAS. These would be accounted for only o...
27 Oct, 2012, 06.25 AM IST
- Govt relaxes accounting rule for foreign exchange loans of companies
The corporate affairs ministry has relaxed an accounting rule for foreign exchange loans of companies, bringing relief to businesses facing...
02 Jan, 2012, 03.40 AM IST
- Uncertainty over GDRs keeps Indian companies on tenterhook
Indian issuers of global depository receipts face an uncertain prospect as a three-year relaxation granted by the European Union.
05 Oct, 2011, 04.58 AM IST
- Retirement liabilities can be shown as reserves
The country’s apex body on accounting standard has cleared way for a change in the way Indian companies account for their employee’s post-r...
08 Nov, 2010, 03.16 AM IST
- CBDT-ICAI group on global switch set
CBDT and ICAI have constituted a study group to identify and address direct tax issues that will affect convergence of India’s accounting s...
09 Jan, 2010, 05.39 AM IST
- ICAI told to help CPSEs embrace global accounting norms
Govt has asked ICAI to prepare a roadmap for public sector companies to meet international accounting norms that would make their financial...
27 Jan, 2009, 02.02 AM IST
- Real estate sector's balance sheet to shrink on IFRS adoption
The adoption of International Financial Reporting Standard (IFRS) will erode profits of real estate companies.
26 Aug, 2008, 03.09 PM IST