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KPMG AUDIT QUALITY
ICAI expands mandatory applicability of audit quality evaluation matrixThe Institute of Chartered Accountants of India is expanding its audit quality model. This now includes firms auditing subsidiaries of list...- Audit firms wary as govt proposes to tighten rulesNew rules on auditor independence are causing worry among Indian audit firms. These changes could affect how audits are priced and limit ch...
- NFRA flags quality control gaps in six audit firmsThe National Financial Reporting Authority (NFRA) has released inspection reports on six major audit firms, including Deloitte Haskins & Se...
- 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...
- NFRA flags deficiencies in BSR & Co's audit of related party transactionsThe National Financial Reporting Authority (NFRA) identifies significant deficiencies in BSR & Co LLP's audit practices, focusing on relate...
- 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...
- NFRA finds certain lapses in audit quality of network entities of Big 4The inspections of the audit firms were started in December last year and covered various aspects, including review of firm-wide quality co...
- 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...
- NFRA seeks e-locker for auditors to keep digital docs safeThe National Financial Reporting Authority (NFRA) has been working to implement a mechanism for auditors which could help them to keep thei...
- KPMG Assurance pays US regulator's penalty in 2017 caseIn an earlier order, the PCAOB announced that it had censured KPMG Assurance and Consulting Services LLP, a registered public accounting fi...
- Auditors' red flag in time could have averted many financial misdoings: NFRA chiefEmphasising that things work on trust, Ajay Bhushan Prasad Pandey said the NFRA should not be seen merely as an enforcement agency. "Only i...
- 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...
- UK seeks to rein in Big Four with new, revamped audit rulesThe widely awaited overhaul comes after lawmakers and practitioners promised to improve audit quality following a series of high-profile mi...
- KPMG Mauritius: Can SEBI's rules be imposed on auditors of overseas operations?KPMG Mauritius had last month resigned as the auditor of UPL's Mauritius arm. Shares of the Mumbai-based company slumped as much as 9.40% t...
- 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 ...
- UK watchdog asks big 4 to separate audit practicesAuditors are under greater regulatory scrutiny than ever after a serious of high-profile lapses in recent years, with Ernst & Young's role ...
- QuEST Global names former KPMG partner, Gregory Smith, to the BoardAlongside this role, Smith will also serve on the audit committee of QuEST Global.
- MNCs in a fix over likely ban on 2 audit firms in IndiaMNCs and Indian cos with global operations are in a fix over their audits amid likely ban on KPMG and Deloitte.
- Uncertainty and volatility greatest challenge for Indian companies: ReportAbout 67 per cent audit committee members from India think uncertainty and volatility in economic, regulatory and political conditions are ...
- KPMG is working globally for consistency in tax policies: John VeihmeyerThe retroactive tax application creates uncertainty for companies and anything that creates uncertainty for companies is not helpful toward...
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