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AUDIT FIRMS SCRUTINY
ThynkTech Pune India closure: Noida IT Firm shutdown leaves 500+ jobless after Rs 15,000 deposit over issuing laptops, 2 months' salary unpaidA Noida IT firm, ThynkTech India OPC Pvt Ltd, has suddenly closed its Pune office, leaving over 500 engineers, interns and employees are no...
IndusInd Bank faces fresh whistleblower allegationsThe new complaint alleges insider trading by Samir Agarwal, former zonal head of eastern India at IndusInd Bank, manipulation of financial ...
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...
Asset which sits in the balance sheet for years without moving, then suddenly wipes out all profit in a single quarterThe most dangerous number on a balance sheet is not always the one that looks wrong. It is often the one that depends heavily on management...
TCS CEO K Krithivasan takes home over Rs 28 crore in FY26 annual pay packageTata Consultancy Services CEO & MD K Krithivasan's remuneration reached over Rs 28 crore in FY26, a 6.3% increase year-on-year. This figure...
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.
Audit watchdog to split disciplinary & probe functions, set up 4 divisionsThe National Financial Reporting Authority (NFRA) is restructuring its operations by creating separate wings for investigation and discipli...
Why Companies Bring in Outsiders to Review Your WorkExternal consultants are often brought in to evaluate organizational workflows and offer solutions during times of change or cost-cutting p...
TCS harassment case may trigger tighter client, board scrutiny of IT firmsAllegations of harassment at Tata Consultancy Services’ Nashik unit could trigger tighter scrutiny of Indian IT companies by global clients...
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...
India may soon notify new audit standards after prolonged regulatory tussleIndia's corporate affairs ministry is set to announce new audit rules. These changes will bring Indian standards in line with global practi...
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, ICAI mull mechanism to boost regulatory coordinationTo promote harmony and effective collaboration, India’s premier audit watchdogs, NFRA and ICAI, are setting up a systematic approach for be...
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...
Financial regulatory authority cites social media posts to blow a hole in the defence put up by the Big Four in IL&FS caseNational Financial Regulatory Authority (NFRA) in a recent report on IL&FS Financial Services Ltd (IFIN) even posted screenshots of social ...
Manual scrutiny of Service Tax returns from August 1: CBECCBEC has said that beginning August 1 it will start manual scrutiny of Service Tax returns of select assessees who have paid less than Rs 5...
Audit a contractual obligation; RIL will abide by it: M Veerappa MoilyAmidst a row over CAG audit of Reliance Industries' KG-D6 gas field spendings, Petroleum Minister M Veerappa Moily said that audit was a co...