At present, there is usually a time gap between the specific regulatory requirements and readiness of an organisation to be able to correct...

The National Financial Reporting Authority (NFRA) plans to conduct annual inspections of major audit firms to ensure compliance with standa...

In its order on Wednesday, the regulator found that Lexus Granito India Ltd (LGIL) had unilaterally written back substantial amounts of its...

The regulator said it has taken a stern action against the three entities for professional misconduct and failure to report irregularities ...

The National Financial Reporting Authority (NFRA) has fined three entities, including two individual auditors, a total of Rs 1.10 crore for...

In its probe, NFRA found that the auditors (ASRMP & Co, Sundaresha and Madhusudan) failed to exercise professional judgement and scepticism...

NFRA has noticed that auditors are not fulfilling their statutory responsibilities of reporting fraud as mandated under the Companies Act, ...

Reiterating various provisions under the company's law and auditing standards, NFRA stressed that a "statutory auditor shall exercise his/h...

This, Pandey said, is aimed at bringing more awareness among companies and chartered accountants about the regulatory requirements of audit...

Listed companies have until May 31 to file their audited results — although, in practice, many large companies have opted or will opt to di...

‘Audit’ is derived from the Latin word ‘audire’, or ‘to hear’. Recently, it is not the hearing ability but the smell test and the ability t...

Sridharan said that problems cited in the FRC’s latest report included an overreliance on letters from management without further audit che...

Robust regulatory mechanism is required to monitor financial reporting and governance compliance.

They have been asked to bring certain documents pertaining to the audit which are relevant to the probe.

Once business leaders start looking for weak spots in their IT systems, they will figure out the inherent and not-so-obvious gaps in the sy...

Five audit firms of PW India have admitted to US markets regulator that deficiencies in their auditing process were not restricted to Satya...

Independent board directors must have proper orientation on companies. Also the term of external audit firm must be limited to three years ...