RBI's new audit norms a step in the right direction: ICAIThe move is all the more important considering the increased public interest in such entities, given their size and spread through the nati...
26 May, 2021, 08.48 PM IST
RBI's norms pit Indian auditors against MNCsOn April 27, the central bank had issued guidelines for appointment of statutory auditors in commercial banks, non-banking financial compan...
25 May, 2021, 10.12 AM IST
Financial regulatory authority cites social media posts to blow a hole in the defence put up by the Big Four in IL&FS caseNational Financial Regulatory Authority (NFRA) in a recent report on IL&FS Financial Services Ltd (IFIN) even posted screenshots of social ...
27 Aug, 2020, 04.54 PM IST
Audit firms eye global tie-ups to upgrade skills, build bandwidthThe primary reason, for global tie-ups, being cited is the growing complexity in audit business.
08 Dec, 2019, 09.04 PM IST
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.
17 Jun, 2019, 10.27 PM IST
RBI ban on SR Batliboi & Co may impact audit of large lendersThe central bank’s action against Batliboi on Monday came after it found several lapses in the audit report of Yes Bank, said a person priv...
06 Jun, 2019, 07.17 PM IST
Is the time finally ripe for PM Modi's desi Big 4? Here are the oddsIndia is in need of foreign money. Global investors feel confident when a MNC auditors is involved in a business.
09 May, 2019, 06.16 PM IST
Big 4 audit companies may suffer revenue hit due to conflict of interest normsCommittee of experts seeks curbs on kind of services foreign firms can offer audit clients.
14 Nov, 2018, 08.32 AM IST
Big win for big 4: ‘Government audit’ gives a thumbs up to MNCsIn many bankruptcy situations, network firms of the Big Four were found to be the auditors.
10 Nov, 2018, 08.23 AM IST
SC asks Centre to curb illegal operations of multinational auditorsThe SC was hearing a petition that alleged that multi-national accounting firms operating illegally in India in contravention of the CA Act...
24 Feb, 2018, 04.20 PM IST
FDI policy lacuna worries auditorsMany foreign private equity firms and multinationals tend to put caveats in their contracts where their India practice is mandated to choos...
13 Jan, 2018, 07.39 AM IST
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.
11 Jan, 2018, 07.43 PM IST
Indian audit firms perk up as PM Narendra Modi talks of creating desi Big 4Indian auditors accuse the big 4 MNCs of circumventing laws to grow their businesses. They have long been demanding a level-playing field.
04 Jul, 2017, 10.10 AM IST
Chawla committee report on audit rotation expected in MarchAn expert panel led by the former competition regulator has already submitted its recommendations to the government recently.
02 Mar, 2017, 06.35 PM IST
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...
19 Sep, 2016, 03.30 PM IST
Comptroller and Auditor General preparing to examine transfer pricing casesComptroller and Auditor General (CAG) is preparing to examine transfer pricing cases, which have significant revenue implication for the ex...
30 Jun, 2014, 07.09 AM IST
- RBI does not approve appointment of PwC as auditors for banks
The government today said the Reserve Bank had not approved appointment of financial consultancy and auditing firm PwC as auditors for comm...
01 Dec, 2009, 04.14 PM IST