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Sold, or just shipped? How sales figures can be manipulated – and how you can spot itGoods left the warehouse. The invoice went out. So it must be a sale, right? Not always. Under the rules, a sale counts only when the custo...- Big Six tighten grip on India's audit market despite mandatory rotationDespite mandatory auditor rotation, India's largest audit firms are consolidating their dominance, auditing 66% of Nifty 500 companies. Gra...
- Big Four firms' India operations shine amid global slumpIndia's Big Four accounting firms have achieved remarkable growth, outperforming global peers in fiscal year 2026. PwC and Deloitte reporte...
- 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...
- Forensic experts call for AI-driven playbook to counter deepfakes and digital scamsFinancial crime is evolving rapidly with AI-generated deepfakes and complex fraud rings. Traditional methods are no longer sufficient. Expe...
- Policybazaar founder warns of insurance squeeze; IT's buying spreeHappy Wednesday! Policybazaar’s Yashish Dahiya has warned that proposed commission caps could disrupt the insurance distribution industry. ...
- Viksit Bharat will be built on capability, not just cost advantage: Hemant Jhajhria of KPMG IndiaIndia is at a pivotal moment in global manufacturing. Micro, Small, and Medium Enterprises are key to this transformation. They must shift ...
- 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...
- 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 ...
- BSR drags govt to court after NCLT removed the firm as IFIN’s auditor after it resignedBSR on Thursday filed a writ petition challenging the NCLT order where it, was sacked from auditing IFIN.
- Ban on audit firms may not hit their entire networkGovernment also set to tighten curbs on auditors to minimise conflicts of interest.
- Deloitte global CEO met top officials to persuade them against the possible banDeloitte global CEO Punit Renjen apprises North Block officials about impact of ban on Indian market
- Govt demand to bar IFIN auditors: Deloitte, BSR ban may leave big gap in Audit Inc's booksSuch a move would take out two of the so-called Big Four and affect as many as 342 listed companies.
- New chairman elected at KPMG globalThomas, who was elected to his new role by KPMG International’s Global Council, has served as Chairman of KPMG’s Americas region since 2014...
- KPMG India appoints Arun Kumar as Chairman and CEOKPMG International Chairman John Veihmeyer said global clients recognise the increasing significance of India as the fastest growing major ...
- Richard Rekhy wins KPMG election, retains CEO postRichard Rekhy, the current KPMG India CEO managed to win an internal election for the second time and would continue to be the head of the ...
- Govt mulls new laws to make global audit firms accountableThe government is considering changes in laws to make multinational audit firms responsible for professional wrongdoings by their Indian af...
- Accountability is priority for global advisory cosGlobal accounting and advisory majors with large clients in India have started tweaking their organisation structures to increase accountab...
- Deloitte, KPMG have no licence to do audit work in IndiaKPMG and Deloitte, the firms entrusted by the new board of Satyam to audit the company's accounts, are not allowed to do audit work in Indi...
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