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MANDATORY FIRM ROTATION
Big Four rethink partnership as AI changes the gameIndia's Big Four accounting firms, Deloitte, PwC, and EY, have surpassed 1,000 partners each, driven by rapid expansion, especially in tech...- EY, KPMG, Deloitte among top 10 auditors by number of companies audited in FY26India’s audit market in FY26 remained dominated by large firms, with EY, KPMG and Deloitte leading by audit volume and market capitalisatio...
- Big Six tighten grip on India's audit market despite mandatory rotationDespite mandatory auditor rotation, India's largest audit firms are consolidating their dominance, auditing 66% of Nifty 500 companies. Gra...
- Manufactured monopoly: How industrial policy is structuring monopolies in IndiaIndia's industrial strategies are shaping a landscape where giant corporations thrive while smaller enterprises struggle to keep up. Polici...
- Vijay sworn in as Tamil Nadu CM: Here's what TVK promised ahead of Assembly pollsTamil actor Vijay's party, Tamilaga Vettri Kazhagam, has taken charge as Tamil Nadu's new government. Vijay is now the Chief Minister. The ...
- 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...
- Is PwC action an opportunity for the rise of PM Modi's desi Big 4?Sebi has banned global auditing firm Price Waterhouse from auditing listed companies in India for two years for its role in the Satyam scam.
- Big four auditors bag big business from top companiesThe big fight for prestigious audits was between the Big 4 — EY, KPMG, Deloitte and PwC — as most audit committees of larger companies chos...
- 'Half of BSE 500 cos have to rotate auditors in April 2017'According to the report, companies with weak financial performance continue to wait till the last minute to hold their AGMs (Annual General...
- India Inc gets ready for mandatory audit rotation; fight between Big Four firmsLeading companies, including some from Tata Group and Mahindra Group, plan to change auditors as rotation process is set to kick in from Ap...
- Big four increase their dominance in Indian audit business: Prime Database"The Big 4, between them, handled 401 assignments of the total 1,519 companies, or 26 per cent of the total," according to the Prime Databa...
- Only 18% of Indian companies ready for mandatory audit firm rotationAccording to Prime Database, out of 1,480 companies listed on the National Stock Exchange, only 131 companies have changed their auditors i...
- M&A buzz in auditing as new Companies Act makes smaller firms takeover targetsFirms such as Grant Thornton and BDO, which have significant presence in India auditing space, are actively looking for buyouts and mergers...
- 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...
- Companies Bill: Rotate audit partners not firmsThe Companies Bill proposes a national board. It proposes civil and criminal liability on erring auditors, accounts officers and directors.
- Has Satyam scandal forced Companies Bill to go overboard on regulation?The question is whether mandatory rotation of auditors, with rotation of audit partner and team would improve quality of the financial stat...
- 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.
- SEBI for more transparency in reportingSEBI's proposal marks baby steps in cleaning up Indian auditing practices.
- ICAI favours 3-year rotation of auditorsThe self regulatory body for auditors, Institute of Chartered Accountants of India (ICAI) is pushing for compulsory rotation of auditors by...
- Satyam fallout: Investors demand rotation of auditorsIndian institutional investors are seeking a rotation of auditors to ensure that auditors don’t act in “collusion” with the company promote...
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