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AUDIT ROTATION
What is Mini Shai-Hulud npm supply chain attack, and was Microsoft and Socket hit by malware? Full explainer on npm malware spreadWhat is Mini Shai-Hulud npm supply chain attack, and was Microsoft and Socket hit by malware? A new npm supply chain attack hit hundreds of...
Deloitte India could lead professional services space soon: Romal ShettyDeloitte India’s leadership believes that the future of professional services will extend beyond traditional offerings to solutions, platfo...
India services activity hits 5-month high in April on strong domestic demand: HSBC PMIIndia's services sector saw strong growth in April, reaching a five-month peak. Domestic demand and new orders fueled this expansion. Manuf...
ET Prime Special Series: Multibagger or IBC - Part 57: Forging firm that supplies Tata, M&M, JCB. Nobody talks about it enoughFor over four decades, one company has been making crankshafts quietly and precisely, supplying customers from Tata Motors to Liebherr to M...
Four candidates for UN secretary-general audition this week. That's far fewer than in 2016Four candidates are vying to become the next United Nations Secretary-General. This selection process unfolds in a world marked by deep div...
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...
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...
Audit rotation kicks off. Who will bag India Inc's big mandates?Between 2018 and 2023, audit fees for FTSE 250 companies rose by 75%, reflecting rising costs and complexity. In contrast, India's NSE 500 ...
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...
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.
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...
‘PwC is no.1 in trust among the big four, even after the Satyam fiasco’"Satyam was a big blow when it happened to us eight years back. What’s far more important is what we did within those eight years to win ba...
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...
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...
"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...
- 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.
- 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...