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STATUTORY BRANCH AUDITORS
Regulated entities told to file reports with RBI fasterThe half-yearly and quarterly review of accounts by the PSU banks would be submitted to RBI within 21 days from the date of receipt of the ...- NFRA bans two auditors for up to 10 years for lapses in DHFL’s FY18 auditsIn two separate orders, made public on Wednesday, the regulator has banned Jignesh Mehta for taking up audits for 10 years and Amit Vinay C...
- NCLAT upholds NFRA penalty on DHFL auditorsThe National Company Law Appellate Tribunal has upheld the penalty imposed by the National Financial Reporting Authority (NFRA) on auditors...
- DHFL case: NFRA debars 18 auditors for up to a year for lapsesThey have been barred from "being appointed as an auditor or internal auditor or from undertaking any audit in respect of financial stateme...
- NFRA imposes fine, bans auditors for 1 yr for misconduct in audit of DHFL branchesAs per the order, NFRA's investigation revealed that the appointment of none of the 33 branch auditors was approved at the Annual General M...
- Federal Bank shareholders approve re-appointment of Shyam Srinivasan as MD & CEOThe decision was taken in the 90th Annual General Meeting of shareholders of Federal Bank which was conducted through video conferencing on...
- RBI brings in stricter norms for auditors of banks, NBFCsThe RBI has set criteria for audit firms regarding the number of audits they can undertake at a time, and how they should conduct them. The...
- RBI issues guidelines for appointment of statutory auditors of banks, NBFCsAs per the new norms, banks will be required to take prior approval of the RBI for appointment or reappointment of statutory auditors on an...
- CA firms sue RBI after getting replaced as auditors of Allahabad BankA petition in the Gujarat High Court has been filed by Kiransinh Chavda, who is convenor of Chartered Accountants Association (CAA) and als...
- Public sector bank auditors ask RBI to add more agencies as work surgesAuditors have argued that increasing the manpower for inspecting bank books is important to maintain the quality of the exercise.
- RBI revises audit norms for banks to improve risk management systems"The overall objective of the LFAR should be to identify and assess the gaps and vulnerable areas in the business operations, risk manageme...
- Nirav Modi scam: ICAI sends notices to statutory auditors of Brady House branchThe biggest ever banking fraud of more than Rs 13,000 crore was allegedly committed by billionaire diamantaire Nirav Modi and his uncle Meh...
- Govt may review norms for statutory auditor appointment in PSBsPSBs are allowed to appoint statutory central auditors on an annual basis, subject to their fulfilling the eligibility norms prescribed by ...
- Need to eliminate ad hocism in auditor selection at PSBs: ICAIIn the wake of the concerns flagged by the ICAI, the RBI has advised PSBs to put in place a fair and transparent mechanism for appointment ...
- RBI directs concurrent auditors to submit reports directly to banksThe Reserve Bank of India has asked concurrent auditors of commercial banks to do to submit their review of non-performing loans directly t...
- Government to take penal action against PSU banks’ auditorsCAG on Tuesday said 8.5% of the 80,299 farmer accounts audited were found to be ineligible for the Agricultural Debt Waiver and Debt Relief...
- ICAI proposes branch-level audit for private sector banksPrivate sector banks will have to get their branch accounts audited by an RBI-approved panel along the lines of PSU lenders.
- Foreign branches of PSUs should also be audited: ICAIIn order to make books of accounts of public sector entities more transparent, accounting regulator ICAI on Thursday said their foreign bra...
- ICAI blasts hasty audits of PSB booksICAI has raised apprehensions about the accuracy of audited financial statements of Allahabad Bank, Vijaya Bank and Central Bank of India. ...
- Reddy skirts issue of PSU banks' autonomy on auditorsReserve Bank of India Governor Y V Reddy has skirted the issue of whether the recent grant of autonomy to public sector banks to appoint au...
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