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JOINT STATUTORY AUDITOR
PwC finds accounting lapses in IndusInd treasury operationsA confidential PwC review of IndusInd Bank's treasury operations revealed significant accounting irregularities. Manual entries were used t...- IndusInd Bank recommends Borkar & Muzumdar as joint statutory auditor to shareholders after RBI nodIndusInd Bank, having secured RBI approval, proposes Borkar & Muzumdar as joint statutory auditors, pending shareholder approval at the 31s...
- SRBC, part of EY India, resigns as auditor of IL&FS citing RBI regulationsThis comes on the heels of a report by the audit regulator, National Financial Reporting Authority (NFRA) which, in its audit quality revie...
- Federal Bank shareholders approve re-appointment of Shyam Srinivasan as MD & CEOThe decision was taken in the 90th Annual General Meeting of shareholders of Federal Bank which was conducted through video conferencing on...
- HDFC Bank board declares dividend of Rs 6.50 per share for FY21The AGM of the bank is scheduled for July 17, 2021 through video conferencing and other audio visual means.
- RBI's new norms to help enhance audit quality, transparency, add value: ExpertsIn April, the Reserve Bank issued a circular putting in place the new norms for appointment of statutory central auditors and statutory aud...
- RBI brings in stricter norms for auditors of banks, NBFCsThe RBI has set criteria for audit firms regarding the number of audits they can undertake at a time, and how they should conduct them. The...
- RBI issues guidelines for appointment of statutory auditors of banks, NBFCsAs per the new norms, banks will be required to take prior approval of the RBI for appointment or reappointment of statutory auditors on an...
- Reliance Capital joint auditors say no Companies Act breach; reject PWC allegationsThe filing further said the board also took note of the views of legal experts who independently carried out an in-depth examination of the...
- IL&FS Engineering’s joint statutory auditor resignsThe company said the auditor cited reasons such as non-payment of fees for the year ended March 31, 2018.
- DHFL says reports of auditor trouble ‘baseless’A media report said citing sources that the two statutory auditors are yet to complete the process of auditing the company’s FY19 financial...
- Auditors weigh quitting companies with dodgy a/c policiesFlurry of resignations in sectors such as real estate, infra and NBFCs are likely to come in next few months.
- More auditors likely to expose accounting issues, then quitMultiple insiders said at least a dozen audits firms are evaluating whether they should resign.
- NFPIL to appoint Deloitte Haskins and Sells as a joint auditorThis marks the beginning of the compulsory audit rotation that is set to hit the Indian companies within next two years.
- Ketan Parekh scam: ICAI blames litigations for delay in actionThe role of statutory auditors of erstwhile GTB had come under the scanner in the backdrop of Ketan Parekh stock market scam that came into...
- First Leasing auditors resign after red flag on accounts, company to go for forensic auditFirst Leasing was barred from running any business by the RBI last month, which had earlier inspected its books.
- Rel Infra told not to appoint Price Waterhouse for 3 yrsSebi directed Reliance Infrastructure not to appoint Price Waterhouse as its statutory auditor for three years.
- IRDA wants private cos to have a whistle-blower policyPrivate insurers will have to put in place a “whistle-blower” policy, allowing employees to raise concerns internally on possible irregular...
- Fact finders: Satyam ropes in KPMG, DeloitteDeloitte Haskins & Sells and KPMG, both part of the Big Four accounting firms, have been appointed as auditors for Satyam Computer Services...
- KPMG, Deloitte appointed statutory auditors for SatyamThe move to consider KPMG and Deloitte is likely to raise queries in accounting circles. Gainers: BSE ( A, B ) | NSE | Losers: BSE ( A, B )...
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