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GOVERNMENT REGULATION OF ACCOUNTING FIRMS
Government may let statutory bodies to regulate members in multidisciplinary partnershipsThe government is considering allowing professional bodies to regulate their members within multidisciplinary partnerships. This approach w...- UK banks' lack of Mythos access a wake-up call, government AI adviser saysHarriet Rees, chief information officer at Starling Bank, who was appointed "AI champion" by the finance ministry in January, said Britain ...
- India-UK CETA, not quite the king's ransom expected from a landmark trade dealUnder the India-Britain CETA, Indian exporters could tap into new market avenues, with Britain's Department of International Trade predicti...
- India, UK engaged in discussions on carbon tax issue: Commerce SecretaryIndia and the United Kingdom are discussing Britain's carbon tax regulation. The UK plans to implement its Carbon Border Adjustment Mechani...
- Australia to establish government AI office to coordinate regulationThe "Office of AI" will be established within the Department of the Prime Minister and Cabinet and ensure a whole-of-government approach ...
- KPMG Australia weighs 1,000 job cuts amid audit scandalKPMG Australia faces significant job cuts and partner pay reductions. This action follows fallout from a recent audit leak scandal. The com...
- Open-source AI will offer India code sovereignty: ExpertsIndia cannot own every AI layer, but open ecosystems and optionality can avoid vendor lock-in and establish control over critical data, gov...
- Supreme Court freezes bank A/Cs of Parsvnath, its DirectorsIn a significant ruling, the Supreme Court has taken decisive action by freezing bank accounts of Parsvnath Developers and issuing warrants...
- Truecaller row: TRAI seeks 'designated agency' status under IT Act; Meity examining itTelecom regulator TRAI wants to be an authorized agency under the IT Act. This status would allow TRAI to take action against call manageme...
- RBI seeks banks’ views on introducing education savings plan with better returnsThe Reserve Bank of India is exploring a new savings product for education. Banks are discussing this proposal and will submit their recomm...
- From Satya Nadella to David Solomon: Five CEOs who accepted pay cuts despite no personal faultCorporate leaders are accepting pay cuts to show accountability for various company failures. Satya Nadella of Microsoft and David Solomon ...
- UK to regulate cloud service providers Microsoft, Google and others to protect financial stabilityThe UK government has identified Microsoft, Google, Amazon, and Oracle as essential cloud providers, implying new regulatory measures for t...
- India Inc embraces unlisted bonds for faster, flexible fundraisingUnlisted bonds now form a larger part of corporate debt sales. Companies like Bajaj Finance and Vedanta prefer these deals for fewer disclo...
- FSSAI cracks down on liquor makers over flavour additives, misleading age claimsIndia's food regulator FSSAI has issued notices to beverage companies. These notices address the unauthorized use of added flavors in alcoh...
- Rajasthan recalls labour-inducing drug after quality test failureA batch of Dinoprostone Gel, used to induce labour in pregnant women, has failed a government quality test, prompting Rajasthan's Drug Cont...
- ICAI may pause global network guidelines to address stakeholder concernsThe Institute of Chartered Accountants of India may pause its global networking guidelines. This decision comes after significant concerns ...
- Australia's teen social media ban fails to clear first hurdle in age checks, says studyAustralian online platforms are failing initial age checks for a teen social media ban. Studies show most under-16s can still access platfo...
- Australia's teen social media ban fails to clear first hurdle in age checks, says studySince December, Australia's new social media law has mandated that platforms including Instagram, Snapchat and YouTube bar people under 16 ...
- Meta CSAM breach triggers calls for digital safety rules overhaulThe notice to Meta has put the spotlight on India’s intermediary liability framework, triggering the question whether it is equipped to dea...
- Sebi tweaks rules on handling of unpaid securitiesThe Securities and Exchange Board of India has simplified rules for stockbrokers handling unpaid client securities. A new automated pledge ...
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