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 ...
17 Aug, 2020, 06.22 PM IST
IL&FS case: NFRA bans another auditor Rukshad Daruvala for 5 years; Rs 5 lakh fine imposedRukshad Daruvala is at least the second auditor in the matter to be barred by NFRA. However, NFRA's ruling would not come into force till J...
24 Jul, 2020, 03.07 PM IST
NFRA bars ex-Deloitte CEO for 7 years, slaps Rs 25L fine for his role in IL&FS fraud“Udayan Sen is debarred for the period of seven years from being appointed as an auditor or internal auditor or undertaking any audit in re...
22 Jul, 2020, 06.14 PM IST
MCA plans to move SC against IFIN auditorsThe Centre plans to contest in the apex court a Bombay High Court ruling that disallowed a government petition that had sought to take acti...
25 Apr, 2020, 08.40 AM IST
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...
22 Apr, 2020, 11.15 AM IST
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.
21 Apr, 2020, 06.56 PM IST
BSR drags govt to court after NCLT removed the firm as IFIN’s auditor after it resignedBSR on Thursday filed a writ petition challenging the NCLT order where it, was sacked from auditing IFIN.
26 Aug, 2019, 06.25 PM IST
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 ...
25 Jul, 2019, 04.43 PM IST
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.
22 Jun, 2019, 08.31 AM IST
BSR & Associates resigns as statutory auditor of IL&FS Investment ManagersThe announcement has come a day after BSR & Associates, a KPMG group associate, resigned as statutory auditor of IL&FS Financial Services (...
21 Jun, 2019, 07.12 PM IST
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.
21 Jun, 2019, 06.22 PM IST
IFIN group lending: BSR says it had sought clarity from RBIBSR said the investigators had made false allegations against the auditors without understanding accounting principles and regulations.
21 Jun, 2019, 06.59 AM IST
BSR & Associates resigns as auditor of IL&FS Financial ServicesSebi has been conducting an in-depth investigation into the role of several entities and individuals, including for suspected violation of ...
20 Jun, 2019, 09.08 PM IST
IL&FS scam: Government moves NCLT to seek 5-year ban on Deloitte, KPMG affiliate BSRThe proposed ban, could prevent the two firms from auditing any listed or unlisted company for five years.
11 Jun, 2019, 10.23 AM IST
Auditor’s dilemma: When is evergreening a fraud?Evergreening is a ploy to mask loan default by giving new loans to help delinquent borrowers repay old loans.
10 Jun, 2019, 06.43 PM IST
IFIN case: Deloitte ignored RBI rules, finds SFIO probeDeloitte had disregarded the RBI's regulations and turned a blind eye to IFIN’s 'evergreening' of loans.
08 Jun, 2019, 08.30 AM IST
SFIO questions audit partner of KPMG India unitBSR jointly audited the books of IL&FS Fin Services with Deloitte Haskins.
02 May, 2019, 09.54 AM IST