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AUDITOR INDEPENDENCE RULES
From Rs 75 in cash to the heart of a TMC revolt: The unlikely political journey of NCPIThe Nationalist Citizens Party of India, NCPI, a little-known outfit with just Rs 75 cash, is now in the national spotlight. Twenty disside...15 Jun, 2026, 06.21 PM IST- CAG flags shortcomings at Social Audit Unit of Assam; suggests corrective measuresAssam's Social Audit Unit is struggling with significant operational and governance issues. A CAG report reveals its registration expired f...14 Jun, 2026, 01.54 PM IST
- 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...29 May, 2026, 09.02 PM IST
- Audit firms count the cost as India looks to tighten rulesThe landscape of corporate governance in India is on the brink of transformation, with new proposals potentially establishing some of the h...15 May, 2026, 01.07 AM IST
- Electricity likely to cost more in Delhi; APTEL orders to start liquidation of discom dues in 3 weeksDelhi's electricity bills are set to increase. The Appellate Tribunal for Electricity has ordered the Delhi power regulator to start recove...20 Apr, 2026, 10.15 PM IST
- 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...06 Apr, 2026, 01.01 AM IST
- Audit norms becoming stringent across Asia: Grant Thornton ExecutivesAsian regulators are tightening audit standards to boost investor confidence. Korea now designates auditors for struggling firms to prevent...04 Mar, 2025, 10.05 AM IST
- Soon, auditors may have to explain reasons for their resignationThe Indian government may soon tighten the norms for auditors and independent directors as a part of a fresh overhaul of the Companies Act....13 Apr, 2022, 11.12 AM IST
- New audit rules aimed at ensuring auditor independence: RBIIn April the banking regulator had issued new norms that tightened appointment of auditors and capped the numbers based on the asset size o...04 Jun, 2021, 02.18 PM IST
- MCA provides additional relaxations to independent directors for Online Proficiency TestThe ministry also amended the rules regarding the transfer of shares of minority shareholders of a company undergoing a merger or amalgamat...19 Dec, 2020, 05.19 PM IST
- NCLAT dismisses Deloitte, KPMG and auditors pleas against impleadment in IL&FS matterA two-member NCLAT bench led by Chairman Justice S J Mukhopadhaya dismissed the pleas of auditors and other independent directors. The appe...04 Mar, 2020, 06.10 PM IST
- Lesson from Satyam: Corporate governance evolves, not executionSeven years since the mega-fraud broke out; Satyam is a cautionary tale to companies, auditors and authorities. But has India's regulatory ...07 Jan, 2016, 05.41 AM IST
- SEC penalises Grant Thornton India for violations of auditor independence rules with regard to Mauritius-based firmsWithout admitting or denying the findings, both entities have agreed to cease and desist from future violations. However, the names of the ...01 Oct, 2015, 11.20 PM IST
- No relaxation: Companies have to spend on CSR initiatives, rotate auditorsThe corporate affairs ministry has rejected the industry's demand for a relaxation in the norms on mandatory CSR spending and rotation of a...28 Nov, 2013, 06.22 AM IST
- ICAI relaxes rule for internal auditors to act as tax auditorsAccounting regulator ICAI on Friday issued a clarification saying that internal auditors appointed as tax auditors can continue to do their...15 May, 2009, 06.56 PM IST
- Multiple auditors may make entry in India Inc booksCompanies may soon have to get their financial statements vetted by more than one auditor.09 Mar, 2009, 01.19 AM IST
- Audit worries for EU-listed Indian cosNearly 200 Indian firms listed on European bourses may be forced to either re-audit their financial statements by European auditors or face...07 Apr, 2008, 04.54 AM IST
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