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AUDIT QUALITY INSPECTIONS
Mumbai gets new admin hub as Air India building goes to state for Rs 1,601 croreMaharashtra government has acquired the iconic Air India building in Nariman Point for Rs 1,601 crore. The building will be transformed int...- 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...
- 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.
- 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...
- Maharashtra agri input dealers call for a strike on April 27Agri-input dealers across Maharashtra are set to strike on April 27. Associations like MAFDA and AIDA are protesting a new government resol...
- 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...
- Road ministry develops portal for steel girders for better coordination between ministriesThe Portal for Rail-Road Inspection & Stages Management – Steel Girders (PRISM-SG) will digitise key approval and inspection processes rela...
- 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...
- NFRA flags deficiencies in audit works by 2 PwC firmsThe National Financial Reporting Authority identified shortcomings in audits by Price Waterhouse Chartered Accountants LLP and Price Waterh...
- NFRA detects shortcomings in MSKA’s audit of related party transactionsNFRA uncovered significant deficiencies in the audit practices of MSKA & Associates, particularly in related party transactions. The audit ...
- NFRA flags deficiencies in BSR & Co's audit of related party transactionsThe National Financial Reporting Authority (NFRA) identifies significant deficiencies in BSR & Co LLP's audit practices, focusing on relate...
- NFRA changes tack, ramps up focus on supervision to boost audit ecosystem: Chairman AB PandeyThe National Financial Reporting Authority (NFRA) in India has shifted its approach from a predominantly enforcement-driven regulator to on...
- 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 flags audit lapses by Walker Chandiok, releases inspection reportThe National Financial Reporting Authority (NFRA) has issued an inspection report on audit firm Walker Chandiok & Co LLP (WCCL), highlighti...
- 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...
- 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 issues guidelines on audit quality inspectionThe inspection guidelines are based on recommendations of the International Forum for Independent Audit Regulators (IFIAR), which comprise ...
- SEBI to inspect NCDEX warehouses in GujaratCottonseed crushers from Kadi in Gujarat have filed a complaint with the Sebi against NCDEX, alleging that the quality of cottonseed oil ca...
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