Books & marks: India Inc prefers the Big 6 for auditBig Six audit firms like Deloitte, PwC, and EY handle most audits for top Indian companies. EY leads with the most mandates. Grant Thornton...
02 May, 2025, 05.46 PM IST
ICAI to recall rule on fee bargainingIn a recent general council meeting, ICAI members discussed returning to the earlier regime when firms weren’t allowed to undercut statutor...
07 Jul, 2018, 08.24 AM IST
Auditors under close watch, Big 4 tells its partners to take it easy with targetsIndustry trackers say caution has set in after the Securities and Exchange Board of India (Sebi) and RBI began questioning the auditor's ro...
15 Jun, 2018, 03.43 PM IST
Manpasand decoded: 30 auditors resigned from Indian companies this yearAfter the companies law mandated audit rotation ended, audit firms are parsing through client portfolio and weeding out risky clients.
02 Jun, 2018, 12.34 PM IST
Price Waterhouse’s loss could be competitors’ gainThe firm audits 75 listed companies between the various Price Waterhouse entities and also does associated certification work banned by the...
12 Jan, 2018, 09.18 AM IST
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.
11 Jan, 2018, 07.43 PM IST
Who will audit the auditors asks IiAS in a research reportIndian companies are required to choose a new auditor by March end as part of audit rotation. The companies are required to form audit comm...
01 Mar, 2017, 03.04 PM IST
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...
13 Sep, 2016, 08.59 AM IST
Only 18% of Indian companies ready for mandatory audit firm rotationAccording to Prime Database, out of 1,480 companies listed on the National Stock Exchange, only 131 companies have changed their auditors i...
19 Jul, 2016, 04.17 PM IST
Audit rotation to make big networks like EY, Deloitte, PwC and KPMG lose their biggest clientsThe new era of auditing will test leader Deloitte's resilience, EY's market might, PwC's brand strength, and youngest player KPMG's aggress...
03 May, 2016, 02.08 PM IST
"Auditor rotation will enhance our footprint", says Deloitte's N VenkatramWe never use quality in isolation; we use two words together, integrity and quality. Looking at quality in isolation can sometimes be misle...
09 Jun, 2015, 01.24 PM IST
M&A buzz in auditing as new Companies Act makes smaller firms takeover targetsFirms such as Grant Thornton and BDO, which have significant presence in India auditing space, are actively looking for buyouts and mergers...
16 Dec, 2014, 01.53 PM IST
- Companies Bill: Rotate audit partners not firms
The Companies Bill proposes a national board. It proposes civil and criminal liability on erring auditors, accounts officers and directors.
08 Mar, 2012, 06.28 AM IST
- Has Satyam scandal forced Companies Bill to go overboard on regulation?
The question is whether mandatory rotation of auditors, with rotation of audit partner and team would improve quality of the financial stat...
17 Dec, 2011, 07.16 AM IST
- SEBI for more transparency in reporting
SEBI's proposal marks baby steps in cleaning up Indian auditing practices.
16 Sep, 2009, 03.40 AM IST
'Rotation of audit firms is a disturbing and costly exercise'Mazars Group president Patrick de Cambourg, speaks about the auditors' role and auditing practices that could improve the quality of financ...
20 Jan, 2009, 04.42 AM IST
- ICAI in favour of rotating audit firms for efficiency
Investors can soon feel more confident that the audit which companies are required to do under the law is less prone to human errors.
18 May, 2007, 02.32 AM IST