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IL&FS case: Ratings were allegedly doctored by agencies, says Grant Thornton

Grant Thornton in its report pinpoints a Real Madrid match, property deal and contribution to a trust.

Grant Thornton submits forensic audit to IL&FS management

The Uday Kotak-led board of the group had appointed Grant Thornton to conduct forensic audit.

BSR & Associates quits as IL&FS Engineering's auditor

IL&FS Engineering in a regulatory filing on July 15 said, the company received the resignation letter from the audit firm.

Deloitte, KPMG firms get time till Friday to argue against ban plea

Govt had moved NCLT on June 10, seeking the ban on Deloitte Haskins & Sells, a part of Deloitte, and KPMG India affiliate BSR & Associates.

India says Deloitte is misreading law in challenging government's call for ban

Deloitte is contesting India's ban on the auditor for its alleged involvement in a financial fraud.

Banks want forensic audit of Reliance Communications, 2 group companies

The review will be for the period between April 2014 and December 2018. The scope of the forensic audit is four-fold.

Auditor resignations likely to trigger probes by RBI, Sebi

In its charge sheet filed in a Mumbai court in the IL&FS Financial Services (IFIN) case, the SFIO said that timely intervention by RBI could have detected the crisis earlier.

IL&FS board shortlists firms to recast its books

The recast is expected to be completed in three months once the matter is conformed.

PwC resigns as an auditor of Eveready Industries citing inter-group transaction

PwC had raised questions around Rs 62 crore in advances given to a lease hold company.

Curbs on non-audit work to have little impact on Big 4

Tax will be hit the most because firms club tax advisory and audit to complete compliance work efficiently.

Senior partners, executives exiting BDO to join Mazars

Senior partners, executives exiting BDO to join Mazars

Both firms are making differing claims on the number of people moving given that the process is underway.

BDO sacks partner in corruption case

BDO sacks partner in corruption case

Sources close to the department say that the tax authorities have also investigated the matter and the role of the firm.

Ban on audit firms may not hit their entire network

Ban on audit firms may not hit their entire network

Government also set to tighten curbs on auditors to minimise conflicts of interest.

A slew of systemic and cultural issues that threw top auditors off balance

A slew of systemic and cultural issues that threw top auditors off balance

Each day as clamour grows for strict action against auditors, the profession finds itself at a crossroads.

Ahead of NCLT hearing, BSR quits as IFIN auditor

Ahead of NCLT hearing, BSR quits as IFIN auditor

Govt had sought a ban on BSR & Deloitte for alleged role in concealing bad loans at IL&FS.

PwC hires law firms anticipating tussle with Reliance Group, agencies

PwC hires law firms anticipating tussle with Reliance Group, agencies

PwC has hired three law firms as it expects a legal tussle to erupt soon.

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