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AUDIT FIRMS INSPECTION
Over 60% of pharma MSMEs yet to comply with updated manufacturing normsPharma industry officials say the revised Schedule M regulations could require Rs 10-15 crore per facility in upgrades, while talent shorta...- Delhiites can now hire private fire auditors for fire safety certificatesDelhi's fire safety clearance process is set to become faster with the introduction of a third-party fire audit system. This comes after a ...
- EPFO overhauls PF trust rules: Risk-based audits, 2% interest cap on exempted establishmentsNew rules are set for companies managing their own provident fund trusts. Mandatory annual audits are replaced by a risk-based system. Inte...
- Compliance squeeze, global scrutiny redefine India’s $30 billion pharma export playbookAs global markets prioritise quality and regulatory trust, India’s pharma sector is recalibrating beyond its traditional cost advantage.
- The stunning way China is using America's own playbook to hit the US where it hurts most, and Washington has no idea how to respondChina Detains Panama-Flagged Ships: Nearly 70 Panamanian vessels held in Chinese ports. COSCO suspending operations at Balboa. A $2 billion...
- SC seeks response on Rs 375 crore NICSI tender dispute over OneXtel empanelmentThe Supreme Court is reviewing a dispute over a government tender for message gateway services. Enterprise firm Karix Mobile claims its riv...
- 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...
- TCS Nashik case: NITES approaches labour ministry, seeks POSH compliance audit in tech firmAn IT employees' body has urged the Labour Ministry to audit Tata Consultancy Services for sexual harassment compliance. This follows alleg...
- Audit firms wary as govt proposes to tighten rulesNew rules on auditor independence are causing worry among Indian audit firms. These changes could affect how audits are priced and limit ch...
- NFRA flags quality control gaps in six audit firmsThe National Financial Reporting Authority (NFRA) has released inspection reports on six major audit firms, including Deloitte Haskins & Se...
- 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 reports of 10 audit firms by March-endIndia's financial watchdog, NFRA, has inspected ten major audit firms. These include EY, KPMG, Deloitte, PwC, Grant Thornton, and BDO. Find...
- 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 set to release first annual audit firm reports, focuses on compliance and transparencyNFRA plans to release inspection reports on major audit firms by mid-November after finding improvements but noting more work needed. Annua...
- 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...
- NFRA to engage with some big listed companies on audit complianceThe regulatory outreach could involve the NFRA's engagement with audit panels, independent directors, chief financial officers and others o...
- Audit panel meetings of listed firms must not be reduced to a formality: NFRA chairman Ajay Bhushan PandeyThe National Financial Reporting Authority (NFRA) plans to conduct annual inspections of major audit firms to ensure compliance with standa...
- NFRA plans annual auditor checksThe regulator's plan comes after it released, late in December 2023, inspection reports on deficiencies in the audit processes of major fir...
- 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...
- NFRA issues guidelines on audit quality inspectionThe inspection guidelines are based on recommendations of the International Forum for Independent Audit Regulators (IFIAR), which comprise ...
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