ICAI lens on big four affiliates over their association with global entitiesThe EY affiliate firm, SRBC & Co LLP spokesperson told ET that they will explore all issues raised in the order and explore options under t...
NFRA finds certain lapses in audit quality of network entities of Big 4The inspections of the audit firms were started in December last year and covered various aspects, including review of firm-wide quality co...
Sebi penalises 3 individuals for violations in Mindtree share tradeThe orders came after Sebi received a letter from Mindtree in October 2018 informing the regulator instances of violation of the code of co...
EY partner firm SRBC's audit of IL&FS compromised: NFRAIn its audit quality report (AQR), the NFRA pointed to "large scale non-compliance with professional and regulatory and legal requirements"...
SRBC resigns as auditor of IL&FS Transportation Networks citing NFRA reportThis comes after audit regulator NFRA in its audit quality review report in the case of ITNL, pulled up the EY arm for failing to issue red...
SRBC, part of EY India, resigns as auditor of IL&FS citing RBI regulationsThis comes on the heels of a report by the audit regulator, National Financial Reporting Authority (NFRA) which, in its audit quality revie...
NFRA pulls up SRBC & Co for ITNL auditThe report said that the audit firm has to be independent and has violated several regulations mandated for the audit firms. NFRA, part of ...
IL&FS and ITNL looking to replace auditor SRBC & Co"So far neither IL&FS/ITNL has asked SRBC to resign, nor has SRBC offered to resign. This is under examination and is being referred to the...
Appointment of Deloitte as auditor of IFIN was illegal: NFRAThe regulator said that the firm was not eligible as the firm had a “business relationship” with IFIN. As per the current regulations audit...
Appointment of BSR as an auditor of IFIN was illegal: NFRA report on IL&FSET had first written on July 17 about NFRA’s report on BSR and how the firm did not adhere to auditing standards. NFRA had then sought the ...
NFRA bars ex-Deloitte CEO for 7 years, slaps Rs 25L fine for his role in IL&FS fraud“Udayan Sen is debarred for the period of seven years from being appointed as an auditor or internal auditor or undertaking any audit in re...
Board-ordered probe finds financial lapses at CG PowerThe allegations came to light after the board of the company disclosed the findings of the investigations to stock exchanges.
IL&FS probe: NFRA seeks documents from auditorsNearly 40 auditors including Deloitte, KPMG, EY have been asked to give hard copies, cloud access.
Serious Fraud Investigation Office lens on IL&FS auditorsThirty five audit firms of IL&FS, ITNL are under scrutiny of SFIO, may be served notices soon.
Infibeam terminates Ernst & Young’s affiliated auditor for unpublished price sensitive data breach, audit firm denies itInfibeam informed the stock exchanges about the data breach, regarding certain unpublished price sensitive information (UPSI), leading to a...
Govt seeks to reopen IL&FS books citing auditor mismanagementIndia’s is probing the alleged diversion and siphoning of funds from IL&FS.
- IVRCL bags order worth Rs 388 cr
IVRCL Infrastructures and Projects Ltd on Tuesday said it has secured a Rs 388.16 crore contract for irrigation related works in Telegu Gan...