Some have resorted to holding back capital money, leveraging it to discourage attrition.

India is in need of foreign money. Global investors feel confident when a MNC auditors is involved in a business.

PW audit firms will be appealing this decision and believe that there are strong grounds to get a positive outcome,” Mukherjee wrote in an ...

Sebi has banned global auditing firm Price Waterhouse from auditing listed companies in India for two years for its role in the Satyam scam.

The big fight for prestigious audits was between the Big 4 — EY, KPMG, Deloitte and PwC — as most audit committees of larger companies chos...

The representatives of The Institute of Chartered Accountants of India also met with the committee members and put forth their arguments.

Many 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...

Currently, the vetting process of the candidates is on by the partner, oversight committee.

The growing gap between the MAFs and Indian firms will potentially widen further when the audit rotation and direct entry of MNC audit firm...

According to the Companies Act 2013, businesses will have to change auditors after two terms of five years each from April 1, 2017.

The thinking within the govt is that as part of reforms process, services sector should also be liberalised and global auditors could be al...

The government will have to amend the Chartered Accountants Act, 1949 that regulates the accounting profession in India to allow foreign fi...

Around 27 per cent of audit firms have furnished incomplete information and masked or not provided important information.

The Institute of Chartered Accountants of India (ICAI) has urged the government to ensure that Indian accounting firms get a level playing ...

Accounting regulator ICAI has sought details of cos tie-ups with MNCs to check surrogate practices.

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...

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...