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SRBC AUDIT PROCESS
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 inspection report finds lapses in SRBC’s audit processThe NFRA inspection report on SRBC & Co LLP highlights audit quality issues at the Ernst & Young network firm, such as auditor independence...
Some positive changes by audit firms, but a lot more needs to be done: Ajay Bhushan PandeyThe National Financial Reporting Authority (NFRA) has identified preliminary audit quality issues in its ongoing inspections of major audit...
ICAI lens on big four affiliates over their association with global entitiesThe EY affiliate firm, SRBC & Co LLP spokesperson told ET that they will explore all issues raised in the order and explore options under t...
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...
Deloitte may step down as auditor of Adani Ports & SEZ ahead of termAccording to one of the persons, a formal announcement is expected in the next three-four days. The firm was reappointed statutory auditor ...
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...
NFRA pulls up SRBC & Co for ITNL auditThe report said that the audit firm has to be independent and has violated several regulations mandated for the audit firms. NFRA, part of ...
As more auditors quit, D-Street sees reason to worryThe stock of UPL fell as much as 9% on Friday after KPMG resigned as the auditor of its material arm in Mauritius, though it was to re-orga...
IL&FS fraud: National Financial Reporting Authority flags BSR’s lapses in IFIN caseThe inquiry is focused on the allegations of fraud at IL&FS after the company failed to meet debt obligations in September 2018, triggering...
Irregular deals by brass may have led to Rs 3000 crore loss for CG Power: ReportThe cheques were issued by CG without approval from its board or risk and audit committee.
IL&FS probe: NFRA seeks documents from auditorsNearly 40 auditors including Deloitte, KPMG, EY have been asked to give hard copies, cloud access.
Auditors weigh quitting companies with dodgy a/c policiesFlurry of resignations in sectors such as real estate, infra and NBFCs are likely to come in next few months.
More auditors likely to expose accounting issues, then quitMultiple insiders said at least a dozen audits firms are evaluating whether they should resign.
Infibeam terminates Ernst & Young’s affiliated auditor for unpublished price sensitive data breach, audit firm denies itInfibeam informed the stock exchanges about the data breach, regarding certain unpublished price sensitive information (UPSI), leading to a...
Whodunit? Hunt on for names behind IL&FS' Rs 91,000 cr messSFIO has started questioning the top management of IL&FS and is searching the group’s offices.
SFIO probe ordered into IL&FS and its subsidiariesThe agency will also question the ousted directors and former chief Ravi Parthasarathy.