Failure of Internal Financial Controls: Management’s accounting manipulation, and fraud perpetrationInternal Financial Controls are far more than a compliance formality. They often separate reliable accounts from misleading numbers. This s...
22 Mar, 2026, 09.53 AM IST
NFRA issues toolkit to help auditors detect errors in financial statementsThe National Financial Reporting Authority has issued a new toolkit to help small and medium accounting firms better assess risks of materi...
01 Jan, 2026, 11.25 PM IST
Spandana Sphoorty suffers net loss, auditor flags concerns over fraudsSpandana Sphoorty Financial announced a net loss of Rs 434 crore for the fourth quarter, alongside troubling findings from independent audi...
30 May, 2025, 09.54 PM IST
NFRA flags deficiencies in audit works by 2 PwC firmsThe National Financial Reporting Authority identified shortcomings in audits by Price Waterhouse Chartered Accountants LLP and Price Waterh...
18 Feb, 2025, 08.51 PM IST
Embassy Office Parks shares in focus as CEO steps down after Sebi directiveShares of Embassy Office Parks REIT are in focus as CEO Aravind Maiya was suspended by SEBI for violating compliance norms. Maiya will tran...
05 Nov, 2024, 09.19 AM IST
Sebi orders Embassy Office Parks to suspend CEO for violating compliance normsSebi directed Embassy Office Parks to suspend CEO Aravind Maiya following an NFRA order that debarred him for ten years over alleged profes...
04 Nov, 2024, 08.14 PM IST
Faster rights issue: New changes may streamline the process but leave much to be desiredSebi introduces new norms to expedite the rights issue process, allowing quicker fundraising from existing investors. The guidelines focus ...
09 Oct, 2024, 11.31 PM IST
NFRA debars auditor for lapses in books of Maharashtra-based BilcareThe National Financial Reporting Authority (NFRA) has debarred auditor Ratan Laxminarayan Rathi of RL Rathi & Co for two years and imposed ...
22 Feb, 2024, 09.56 PM IST
NFRA bans 2 entities for professional misconduct in Seya Industries matterThe National Financial Reporting Authority (NFRA) has imposed a fine of Rs 20 lakh on an auditor and barred him for 10 years for profession...
09 Jan, 2024, 08.23 PM IST
Set high sustainability standards to enable reporting with integrated thinkingOn June 23, one of the most path-breaking events in the world of sustainability reporting took place - the International Financial Reportin...
15 Jul, 2023, 12.40 AM IST
Revolut auditor flags concern about $576 million of revenue in long-delayed 2021 accountsThe 2021 accounts were signed off this week after months of delays, following a revamp of Revolut's internal accounting systems and heavy r...
01 Mar, 2023, 08.33 PM IST
Oyo refutes allegations by ZostelThe DRHP is replete with material omissions and blatant misstatements, intended to mislead the public to invest in Oravel's shares without ...
29 Oct, 2021, 07.03 PM IST
India amends its accounting standards, major relief for entities like airlines & retail chainsThese changes to Ind AS will allow companies to show the Covid rental concessions in their P&L accounts. The move comes as a huge relief fo...
27 Jul, 2020, 03.51 PM IST
How the 3-year clause impacts life insurance claimsRegardless of whether a claim has arisen or not and when it is intimated, once the period of 3 years is over, the policy cannot be called i...
22 Nov, 2018, 10.18 AM IST
Sebi bars 3 entities for up to 5-yr in Onelife Capital IPO caseThe regulator found that Khandwala Securities was connected with Shree Rama Multi Tech Ltd (SRMTL) and had given Rs 1 crore to it.
13 May, 2015, 10.35 PM IST
- Not furnishing true & full info ground for rejecting mediclaim: SC
The Supreme Court on Friday said insurance companies can repudiate a mediclaim policy if true and full information is not furnished.
13 Jul, 2009, 12.34 AM IST
- New ICAI standard to help assess fair value of deals
The Institute of Chartered Accountants of India (ICAI) has issued an auditing standard that will help enterprises to assess the fair value ...
26 Dec, 2008, 01.13 AM IST