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| 06 December, 2020, 06:11 AM IST | E-Paper
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    Consultancy / Audit

    KPMG hires 800 freshers for digital push as Indian economy gradually recovers from Covid

    Large firms including PwC, Deloitte and EY too have seen a pickup in their hiring numbers as firms look to invest in digital transformation verticals.

    Companies look at data analytics to detect future frauds caused by Covid pandemic

    Despite a growing realisation that technology would be key to future fraud risk management efforts, less than 5 per cent respondents indicated investing in anti-fraud technologies in the past six months.

    Indian law firms see partner targets back as business revival picks up

    For most law firms the impact had been on two fronts. Some of the clients had put certain work on hold, and secondly many companies had requested delayed payments. The impact, say industry trackers was more pronounced for the mid-tier firms.

    Cabinet approves Memorandum of Understanding between ICAI, Netherlands' VRC

    The MoU would help in strengthening and development of accounting, financial and audit knowledge base between the Netherlands and India, according to an official release.

    Grant Thornton accuses 3C Group of diverting funds

    BPPL’s bankruptcy resolution professional (RP), Amit Agarwal, had appointed Grant Thornton to conduct a fact-finding review of select related-party transactions.

    Law firms ramping up dispute resolution practices after a lull due to Covid

    Shardul Amarchand Mangaldas & Co (SAM & Co), J Sagar Associates, Samvad Partners, Touchstone Partners, MDP & Partners and IndusLaw LLP are among the law firms that are looking to expand their litigation firepower by way of hiring more lawyers.

    DGGI asks ICAI to take action against three chartered accountants arrested for GST invoice fraud

    Sources at DGGI and Central Goods and Service Tax Commissionerates said five more GST invoice fraudsters were arrested on the eighth day of the drive. This includes a Chennai-based woman and three chartered accountants—two from Hyderabad and one from Ludhiana.

    KPMG Mauritius: Can SEBI's rules be imposed on auditors of overseas operations?

    KPMG Mauritius had last month resigned as the auditor of UPL's Mauritius arm. Shares of the Mumbai-based company slumped as much as 9.40% the day after the announcement.

    PwC affiliate quits as Carlsberg India auditor, avoids opinion for 2nd year

    Denmark's Carlsberg A/S has been locked in a commercial dispute with its joint venture partner in India, Nepal-based Khetan Group, amid an internal probe into the brewer's local practices that sparked a boardroom battle and concerns from its auditor.

    Economic policy needs to make job creation its primary focus: Arun Kumar, CEO, KPMG India

    The KPMG CEO, who was also part of the Obama administration (2014), in an interview with ET’s Sachin Dave said that the policy makers should focus on building healthcare, education, urban assets and digital connectivity in the next few years.

    Nasscom against Sebi diktat, opposes forensic audit disclosure rule

    Nasscom against Sebi diktat, opposes forensic audit disclosure rule

    Last week, Sebi made it mandatory for listed companies to disclose details of forensic audits immediately after initiation. Once the audit is finished companies are also required to disclose the comments of management on these reports.

    Cabinet approves mutual recognition pact between India's ICAI and Malaysia's MICPA

    Cabinet approves mutual recognition pact between India's ICAI and Malaysia's MICPA

    This would enable appropriately qualified chartered accountant members of either institutes to join the other by receiving appropriate credit for their existing accountancy qualification.

    Data insights company, Kantar, taps Bata’s Alexis Nasard as CEO

    Data insights company, Kantar, taps Bata’s Alexis Nasard as CEO

    He will replace Eric Salama, who stepped down in February this year, months after WPP sold 60% in Kantar to private equity firm Bain Capital in December last year.

    Former Polaris Industries MD launches consultancy firm

    Former Polaris Industries MD launches consultancy firm

    The new venture, launched on the International Day for Eradication of Poverty, which is observed on October 17 every year, also aims to support eradication of poverty from India by 2040 through its various projects, a release said.

    Adaptive and resilient: Deal-street amid the COVID-19 pandemic

    Adaptive and resilient: Deal-street amid the COVID-19 pandemic

    From investors to investment bankers and lawyers, known jet-setters who often use their travel stories to break the ice or bring warmth to chilling negotiations, are now working from home to stitch deals, without any meeting in person. Something unthinkable even just until February.

    Sanjeev Krishan elected PwC India chairman

    Sanjeev Krishan elected PwC India chairman

    Krishan and S. Vivek were only two candidates running for the post, after other three dropped out

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