Auditors

The firm is reviewing its lending decision after the company lost its auditor and three board members in the same week

Over the past decade, rapid structural changes in the economy have radically altered what was once a low-profile department

Auditors to certify that transactions are not violative of PMLA/FEMA rules, according to ICAI guidelines

Prime Minister Narendra Modi will address an event on Tuesday to mark the first Audit Diwas at the CAG office.

On average, one auditor of a listed company has prematurely resigned every two weeks this financial year; pace seems to have picked up in September with 5 departures

Industry lobbies have called for a review of the circular issued on April 27

Markets regulator Sebi is looking to appoint auditors for conducting forensic audits of financial statements of listed companies as part of efforts to curb frauds.

The central bank has asked most banks and NBFCs to immediately appoint new auditors.

Some prime slots are at best held by Indian arms of foreign firms with roots in Europe; govt itself favours the big four for mega advisory roles like disinvestment or asset monetisation

The Centre for Audit Quality has already prepared an approach paper for the audit quality maturity model

It said the due dates of filing audit reports have already been extended thrice till January 15 this year.

Move comes as relief to companies, which will be able to use the additional time to prioritise allocation of resources and better prepare for enhanced requirements

Auditors and business are wary of the new audit guidelines

DHFL is undergoing resolution process under the Insolvency and Bankruptcy Code

The new disclosures and assessments are a part of the Companies (Auditor's Report) order, or CARO, effective this financial year

The administrator of DHFL - R Subramaniakumar - has moved an application in the National Company Law Tribunal (NCLT) based on the findings of the of transaction auditor

So far this year, nearly 12 firms have reported resignations by their auditors due to disagreement over fees

Clean chit by SBI-appointed forensic auditor, fraud call by Bank of Baroda's party

45 mid-term cessations since August last year, but only nine since January

Baid is at least the third auditor against whom action has been taken by NFRA in the IFIN matter