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MNC AUDIT FIRMS
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...
Tells us how you conduct your business: NFRA asks top professional services firmsThe regulator sent a form to the firms seeking details of their client roster, the fees they charge, salaries of partners, money made from ...
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.
Facing attrition, MNC audit firms freeze partners’ capital moneySome have resorted to holding back capital money, leveraging it to discourage attrition.
Is the time finally ripe for PM Modi's desi Big 4? Here are the oddsIndia is in need of foreign money. Global investors feel confident when a MNC auditors is involved in a business.
Price Waterhouse' Rs 600 crore audit revenue may take a hit, could lose big clients tooPW audit firms will be appealing this decision and believe that there are strong grounds to get a positive outcome,” Mukherjee wrote in an ...
Is PwC action an opportunity for the rise of PM Modi's desi Big 4?Sebi has banned global auditing firm Price Waterhouse from auditing listed companies in India for two years for its role in the Satyam scam.
Big four auditors bag big business from top companiesThe big fight for prestigious audits was between the Big 4 — EY, KPMG, Deloitte and PwC — as most audit committees of larger companies chos...
Ashok Chawla panel set to submit joint audit reportThe representatives of The Institute of Chartered Accountants of India also met with the committee members and put forth their arguments.
Rule amended on January 3: New Year GIFT for MNC law and audit firmsMany MNCs could set up base in India but they will only be able to advise on cross-border transactions or disputes. Some are also looking t...
Election time: Partners to choose PwC’s new India chiefCurrently, the vetting process of the candidates is on by the partner, oversight committee.
Compulsory rotation, likely direct entry of foreign MNCs spell bad times for Indian auditorsThe growing gap between the MAFs and Indian firms will potentially widen further when the audit rotation and direct entry of MNC audit firm...
Top local audit companies seek PM's help to fight foreign playersAccording to the Companies Act 2013, businesses will have to change auditors after two terms of five years each from April 1, 2017.
Government may offer foreign auditors direct access in IndiaThe thinking within the govt is that as part of reforms process, services sector should also be liberalised and global auditors could be al...
Government may offer foreign auditors direct accessThe government will have to amend the Chartered Accountants Act, 1949 that regulates the accounting profession in India to allow foreign fi...
- ICAI finds irregularities in operations of MNC audit firms
Around 27 per cent of audit firms have furnished incomplete information and masked or not provided important information.
- Open doors, but seek level field in foreign land too: ICAI
The Institute of Chartered Accountants of India (ICAI) has urged the government to ensure that Indian accounting firms get a level playing ...
- ICAI seeks details of auditor ties with Big 4
Accounting regulator ICAI has sought details of cos tie-ups with MNCs to check surrogate practices.
- No client should exceed 10% biz of audit firm: Panel
No single corporate client or group should account for more than a tenth of the total revenues of any audit firm and its associates, a comm...
- A/c firms' code to avoid clash of interest
The new code prevents an accounting firm from offering certain services to a company if an affiliate of the firm offers some services to th...