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PwC finds accounting lapses in IndusInd treasury operationsA confidential PwC review of IndusInd Bank's treasury operations revealed significant accounting irregularities. Manual entries were used t...
SFIO widens probe into IndusInd Bank; summons audit firms over ₹2,000 crore derivatives irregularitiesThe Serious Fraud Investigation Office is investigating IndusInd Bank's derivatives portfolio. Major audit firms associated with the bank o...
Stocks in news: HCL Tech, Vedanta, Jio Financial, IndusInd Bank, Suzlon EnergyMarkets are cautious as a ceasefire nears expiry. Oil prices rose, and the rupee weakened, sparking inflation worries. Investors are watchi...
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 slaps notices on IndusInd Bank auditorsWhile other details, if any, in the NFRA communique are not known, the sources confirmed said the government agency would scan the dossier ...
Audit rotation kicks off. Who will bag India Inc's big mandates?Between 2018 and 2023, audit fees for FTSE 250 companies rose by 75%, reflecting rising costs and complexity. In contrast, India's NSE 500 ...
IndusInd auditors on derivative valuation: From 'key matter' to silenceIndusInd Bank's auditors dropped 'derivative valuation' from their key audit matters in the 2023-24 financial year, despite it being a sign...
IndusInd auditors seek forensic scrutiny of derivatives portfolioIndusInd Bank's joint auditors requested a forensic audit of its derivatives portfolio due to discrepancies potentially impacting its net w...
NFRA's next inspection to target audit firms with large client baseThe NFRA plans to focus on auditing firms with significant listed company audits, using data analytics to detect potential issues. Chairman...
NFRA detects shortcomings in MSKA’s audit of related party transactionsNFRA uncovered significant deficiencies in the audit practices of MSKA & Associates, particularly in related party transactions. The audit ...
NCLAT adjourns Byju’s case hearing to Oct 1On August 14, the Supreme Court revived the insolvency case against Byju's, overturning National Company Law Appellate Tribunal (NCLAT) dec...
Byju's says BDO resigned after start of bankruptcy proceedings; alleges “unethical requests, manipulative tactics” by auditorByju's defended its inability to provide the documents, saying in a statement that the materials were requested from the firm's board, whic...
Byju's auditor BDO resigns a year after Deloitte’s exit: a timeline of eventsTroubled edtech company Byju's said in a statement that its auditing firm, MSKA Associates, an affiliate of BDO International, resigned bec...
MSKA quits as Byju's auditor, a year after Deloitte exitAudit firm MSKA & Associates has resigned as Byju's statutory auditor, citing uncooperative management and suspicious transactions involvin...
L&T board approves plan to raise Rs 7,500 croreEngineering major Larsen & Toubro (L&T) on Tuesday said the company’s board has approved a proposal to raise funds worth Rs 7,500 crore.
BBC ex-staffers' firm collective newsroom ropes in MSKA & Associates as statutory auditorFour BBC staff members-Rupa Jha, Mukesh Sharma, Sanjoy Majumder, and Sara Hassan-left the company on December 12 and formed Collective News...
Adani Ports auditor Deloitte to resign following differences over recording of transactionsDeloitte Haskins & Sells LLP has communicated to Adani Ports & Special Economic Zone Ltd. its resignation plans and a formal announcement i...
Adani Group appoints MSKA & Associates as APSEZ’s auditor, says Deloitte's reasons to quit 'not convincing'MSKA and associates offer accounting services in India, and it is an independent member firm of BDO International, which is one of the top ...
Vista moves SAT over Sebi seeking fresh valuationAt the heart of the dispute is an order passed by the Securities and Exchange Board of India (Sebi) in February appointing Verma & Verma to...
Kwality surges 5% despite deferring Q2 earningsThe scrip was trading 5 per cent up at Rs 9.66 at around 09.35 am.