E-PaperAudit Firm News
India needs to take a judicious view while banning audit firms
It is high time that the liability of auditors is rationalized by exploring alternatives
3 min read25 Dec 2019Indian audit firms eye global tie-ups to upgrade skills, build bandwidth
The primary reason, for global tie-ups, being cited is the growing complexity in audit businessIn recent times, there has been a spate of actions against auditors, including against PwC in the Satyam case and against Deloitte and BSR in the IL&FS matter
3 min read8 Dec 2019Audit firms eye global tie-ups to upgrade skills, build bandwidth
The aim is to become globally more competitive by deploying stronger processes already being followed by the global audit firms in delivering audit mandates
3 min read8 Dec 2019Regulatory actions stoke fears of talent flight among audit firms in India
In recent times, there has been a spate of actions against auditors, including PwC and DeloitteOfficials at regulatory and enforcement agencies said the audit firms tend to put the blame on individuals after finding themselves in the dock for their alleged role in frauds
3 min read3 Nov 2019NCLAT refuses to stay NCLT hearing in IL&FS fraud case
The NCLAT said NCLT Mumbai will continue its scheduled hearing in the case of their alleged role in the IL&FS fraud matterThe NCLT, however, will not pass any final order till its next hearing on 20 September, the NCLAT said
1 min read21 Aug 2019Government plans further curbs on audit firms
The move is part of a government initiative to tighten the rules to improve the quality of statutory auditThe list of non-audit services that auditors are barred from accepting could be widened, says Injeti Srinivas
2 min read12 May 2019Supreme Court allows Price Waterhouse to do business till disposal of its appeals in SAT
SC also granted liberty to the audit firm to raise contention for further extension of time before the Securities Appellate Tribunal
2 min read7 Dec 2018India plans stricter norms for global auditing firms
Rules will be enforced by a new regulator proposed for accounting and auditing cos
2 min read26 Oct 2018Cabinet approves new regulator to oversee auditors
The National Financial Reporting Authority will have powers to investigate CAs and their audit firms of all listed companies and large unlisted companies, FM Arun Jaitley says
2 min read3 Mar 2018Supreme Court puts the spotlight on audit firms
The Supreme Court has directed the government to set up a panel on regulatory regime for audit firms, move comes in light of the Rs11,400 crore PNB fraud
2 min read24 Feb 2018Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared