Searched for
AUDIT SCANDALS
HDFC Bank exit spotlights board failures; from Satyam Computers to Tata Trusts, governance gaps hit corporates and nonprofits alikeCorporate and social sector boards face governance challenges. Recent events highlight the need for competent, diverse, and cohesive boards...- Who is Victoria Yakimova and why was she removed as Ukraine’s honorary consul to the Dominican Republic?A former model, Victoria Yakimova, has apologized to President Zelensky after being fired as Ukraine's honorary consul to the Dominican Rep...
- NFRA plans to engage with audit panels of big companies to curb fraudsThe National Financial Reporting Authority (NFRA) is planning to directly engage audit committees of large listed companies to sensitise th...
- Regulators want effective communication between auditors and audit committees of firms to curb corporate fraudsThe regulators like NFRA and Sebi may tighten vigil around the need for the "effective two-way communication process" soon, they said. At p...
- EY calls off plan to split audit, consulting unitsThe company had announced plans for the split in September, setting the stage for what could have been the biggest shake-up in the sector i...
- UK's Big Four auditors await shake-up as corruption probes add upUK authorities want the industry to separate audit and consulting activities, while increasing oversight and competition following allegati...
- How to tackle bank fraud: PNB scam should pave the way to reforming the audit profession in IndiaThe standard response would be to dismiss frauds – be it the Satyam scam, the wilful defaults of banks, or the unearthing of shell entities...
- Whiff of scam forces CAG to audit all wagons that carried iron ore since 2008The Comptroller and Auditor General (CAG) has started audit of every railway wagon that has carried iron ore since 2008, due to a scam.
- CAG unearths Rs 17,000 crore scam in railwaysThe UPA govt is staring at yet another massive scandal that has resulted in the state exchequer losing thousands of crores.
- Government open to joint parliamentary committee probe on Chopper DealParliamentary affairs minister Kamal Nath on Tuesday said the Centre was open to a joint parliamentary committee probe into the issue.
- Make audit & vigilance bodies multi-member: Shunglu PanelThe Shunglu Panel, which examined irregularities in CWG related projects, has kicked off a debate on restructuring the brass of audit and v...
- Have learnt from Satyam experience: Dennis Nally, PwC InternationalProfessional-services firm PwC will double its India headcount to 12,000 over the next three years.
- A year later, ICAI holds 4 auditors guilty in Satyam scamThe report suggests that the ministries of finance and commerce, apart from RBI, should examine the procedure of foreign exchange controls....
- No client should exceed 10% biz of audit firm: PanelNo single corporate client or group should account for more than a tenth of the total revenues of any audit firm and its associates, a comm...
- SOX Appeal: Accounting firms may get a watchdogSceptical of ICAI effectiveness, govt wants an independent regulatory body on the lines of the Public Company Accounting Oversight Board (P...
- Satyam "strong wake-up call" for auditors: Grant ThorntonGlobal consultancy firm Grant Thornton has said the auditing profession has to live with the scandal for some time.
- Price Waterhouse admits goof-up in Satyam auditA week after Satyam founder B Ramalinga Raju’s scandalous confession, it’s the turn of his auditors. Funny side of Satyam saga! | World's b...
- Satyam fallout: More companies to come under peer reviewFirms with multiple subsidiaries or companies whose shares have risen abnormally just before the announcement of results could be subjected...
- ICAI to name audit firms avoiding proper normsThe Institute of Chartered Accountants of India (ICAI) said on Monday it would reveal to the public the names of audit firms that overlook ...
- Anil Ambani supports SEBI's peer review plansR-ADAG chairman Anil Ambani has supported SEBI’s move to subject the accounting standards of all Nifty and Sensex companies to a peer revie...
Load More
