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Karnataka to release AI guidelines for medical educationKarnataka is set to release guidelines for Artificial Intelligence in medical education. This initiative aims to ensure ethical AI use and ...
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...
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...
KPMG, Deloitte affiliates hit with US penalties for exam cheatingExam cheating has plagued the auditor industry for years. KPMG in 2019 agreed to pay $50 million to the U.S. Securities and Exchange Commis...
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...
Letters sent to affiliates of Deloitte, EY, KPMG, Grant Thornton, and two CA firms based in Ahmedabad; Adani Group says it complies with relevant accounting standards & lawsThe National Financial Reporting Authority (NFRA) has requested audit affiliates of Deloitte, EY, KPMG, Grant Thornton, and two Ahmedabad-b...
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....
Price Waterhouse looking to set up base in GIFT city amid influx of MNCsThe affiliate of PricewaterhouseCoopers is looking to rope in senior executives and partners who will look after the operations from the fi...
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 ...
Appointment of BSR as an auditor of IFIN was illegal: NFRA report on IL&FSET had first written on July 17 about NFRA’s report on BSR and how the firm did not adhere to auditing standards. NFRA had then sought the ...
MCA plans to move SC against IFIN auditorsThe Centre plans to contest in the apex court a Bombay High Court ruling that disallowed a government petition that had sought to take acti...
Penalties take toll on auditing firmsSFIO has named Deloitte, KPMG and others along with some of their senior executives in the IL&FS case.
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...
Jet Airways auditor finds complete net worth erosionBSR & Co, a KPMG affiliate, also found the airline to not be a 'going concern.
Dinesh Kanabar quits KPMG, to set up his own advisory firmDinesh Kanabar, deputy CEO of KPMG, has resigned from the firm on Wednesday after a four year stint with the consulting firm.
- Battle against money laundering deepens
Globally, banks have raised spending by 60% in three years as battle against money laundering intensified.