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DELOITTE AND KPMG BAN
Appointment of BSR as an auditor of IFIN was illegal: NFRA report on IL&FSET had first written on July 17 about NFRA’s report on BSR and how the firm did not adhere to auditing standards. NFRA had then sought the ...- IFIN case: Big win for Deloitte, BSR & CoThe Bombay High Court on Tuesday ruled the ministry of corporate affairs (MCA) cannot take action against auditors over their role in the a...
- Big win for Deloitte, BSR in IL&FS case where government was seeking to ban themThe Bombay High Court said that the Ministry of Corporate Affairs (MCA) can’t take action against the two.
- NCLAT refuses to stay NCLT hearing in IL&FS fraud caseNCLT Mumbai will continue its scheduled hearing in the case of their alleged role in the IL&FS fraud matter.
- IL&FS Scam: We have the jurisdiction to ban you, NCLT tells Deloitte, KPMGThe ministry had in June moved NCLT seeking a five-year ban on them on these auditors in the IL&FS saga.
- Ministry names 4 domestic auditors to restate IL&FS booksThe move comes even as the ministry awaits the NCLT view on banning Deloitte, Haskins & Sells and BSR Associates, which were the statutory ...
- In relief for auditors, NCLT stays order of impleadmentThe Centre is looking to clamp down on Deloitte and BSR, a KPMG network firm, for alleged lapses on their part in auditing the accounts of ...
- NCLT reserves order on MCA seeking 5-yr ban on IFIN auditorsAfter hearing arguments of the auditors and the MCA, the tribunal comprising of VP Singh and Ravikumar Duraisamy reserved the order.
- Government wants CCI probe on Big 4 auditorsThe govt wants its competition watchdog CCI to probe into issues of cartilisation and thwarting competition.
- Deloitte, BSR fight with government over NCLT’s jurisdiction to ban them for 5 yearsThe auditors said that courts can’t rewrite a statute, legislate and enact but can only interpret a law.
- Deloitte, KPMG firms get time till Friday to argue against ban pleaGovt had moved NCLT on June 10, seeking the ban on Deloitte Haskins & Sells, a part of Deloitte, and KPMG India affiliate BSR & Associates.
- Ban on audit firms may not hit their entire networkGovernment also set to tighten curbs on auditors to minimise conflicts of interest.
- NCLT lacks jurisdiction to ban us, say Deloitte, KPMGAuditors can’t be put in the same category as independent directors and senior management, they argued.
- Ahead of NCLT hearing, BSR quits as IFIN auditorGovt had sought a ban on BSR & Deloitte for alleged role in concealing bad loans at IL&FS.
- Deloitte global CEO met top officials to persuade them against the possible banDeloitte global CEO Punit Renjen apprises North Block officials about impact of ban on Indian market
- MNCs in a fix over likely ban on 2 audit firms in IndiaMNCs and Indian cos with global operations are in a fix over their audits amid likely ban on KPMG and Deloitte.
- Tatas await decision on plea to ban Deloitte, BSRIf the ban comes to play, it will be a setback for the two firms as it will lead to 300-plus listed companies shifting their business to ot...
- Company directors will have to sit for exams in India after scandalsThe exam will be an online assessment covering company law, ethics, and capital market norms.
- Govt demand to bar IFIN auditors: Deloitte, BSR ban may leave big gap in Audit Inc's booksSuch a move would take out two of the so-called Big Four and affect as many as 342 listed companies.
- IFIN case: Auditors set to take on SFIOBSR, Deloitte have been accused of colluding with the IFIN management to falsify accounts.
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