Auditors

Kempner reviews $250 million loan to edtech firm Byju's amid crises

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

CAG vs govt: The growing tussle between the auditor and the audited

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

New reporting requirements for companies put onus on auditors

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

PM Modi to address event to mark the first Audit Diwas on Tuesday

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

Auditor resignations continue to trickle in with 15 exits since April

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

New auditors: Reserve Bank of India clarifies on tenure, eligibility norms

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

Sebi to empanel auditors to conduct forensic audits of listed companies

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.

CII protests RBI rules on auditors, says will cause 'enormous difficulties'

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

Four years after Modi push, no Indian firm in top league of 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

Rating of audit companies may get more tangible to check frauds

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

CBDT rules out extension of deadline for filing audit reports, ITRs

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

Compliance with new rules for audit reports deferred to next financial 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

CARO 2020: Wary of increased scrutiny, auditors and firms attempt push-back

Auditors and business are wary of the new audit guidelines

DHFL case: Auditor reports fraudulent transactions worth Rs 2,150 crore

DHFL is undergoing resolution process under the Insolvency and Bankruptcy Code

Auditors seek fine-tuning audit report guidelines, approach Sebi, NFRA

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

DHFL auditors discover fraudulent transactions worth Rs 14,046 cr

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

Fee discord stokes company-auditor divorces amid Covid-19 pandemic

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

Reliance Home Fin resolution may be delayed as auditors split on fraud call

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

Spate of auditor resignations showing signs of tapering, shows data

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

NFRA bars another auditor for 5-years, slaps Rs 15 lakh fine in IL&FS case

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