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Curbs on ads by accounting firms lifted: ICAIThe Institute of Chartered Accountants of India has updated its ethics code. This allows chartered accountants and their firms to advertise...- Corporate funding for multidisciplinary partnerships likelyThe Indian government is exploring a significant policy shift. It may permit corporate investments in multidisciplinary partnership firms. ...
- Audit firms count the cost as India looks to tighten rulesThe landscape of corporate governance in India is on the brink of transformation, with new proposals potentially establishing some of the h...
- ITR filing 2026: Don’t miss these key income tax deadlines for FY 2025–26 (AY 2026-27)Navigating income tax deadlines for FY 2025-26 (AY 2026-27) is crucial to avoid penalties. The Income Tax Department has set specific due d...
- 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...
- ITR changes from April 2026: 5 key updates for Tax Year 2026–27 explainedStarting April 1, 2026, new Income Tax Act and Rules bring significant changes for Tax Year 2026-27. Key updates include extended ITR due d...
- NFRA flags quality control gaps in six audit firmsThe National Financial Reporting Authority (NFRA) has released inspection reports on six major audit firms, including Deloitte Haskins & Se...
- Is extended August 31 ITR deadline applicable to all taxpayers or only select categories?The Union Budget 2026 has proposed a staggered timeline for filing income tax return (ITR) to ease the rush during the peak filing season ....
- Revised ethics code to allow auditors to showcase services; ICAI also suggests fresh guidelines on audit independenceThe Institute of Chartered Accountants of India is set to significantly update its Code of Ethics. New rules will allow auditors and their ...
- NFRA inspection report finds lapses in SRBC’s audit processThe NFRA inspection report on SRBC & Co LLP highlights audit quality issues at the Ernst & Young network firm, such as auditor independence...
- Top auditors stop offering non-audit work to clientsTop audit firms in India, including KPMG affiliate BSR & Affiliates and BDO affiliate MSKA & Associates, have stopped offering non-audit se...
- Big Four network and others under scrutiny over audit servicesThe National Financial Reporting Authority (NFRA) is investigating audit and non-audit services provided by the Big Four and other firms to...
- NFRA flags audit lapses by Walker Chandiok, releases inspection reportThe National Financial Reporting Authority (NFRA) has issued an inspection report on audit firm Walker Chandiok & Co LLP (WCCL), highlighti...
- Statutory auditors may not get large companies’ non-audit operationsThe government is exploring the possibility of joint audit for certain companies as part of the amendments to the Companies Act, for which ...
- No need to further curb 'non-audit' services of auditors: Industry bodies tell govtSeveral industry bodies have told the government that the existing framework in this regard is adequate and benchmarked with the best globa...
- Deloitte to stop offering non-audit services to their audit clientsEarlier this week PwC too said it would stop offering consulting and advisory services to the companies and banks they audit.
- Curbs on non-audit work to have little impact on Big 4Tax will be hit the most because firms club tax advisory and audit to complete compliance work efficiently.
- Ban on audit firms may not hit their entire networkGovernment also set to tighten curbs on auditors to minimise conflicts of interest.
- 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...
- No releif for salaried class for filing returnsThe tax department has extended the deadline for filing tax returns to October 31 from July 31, for those filing non-auditable accounts.
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