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Consultancy / Audit

May 19, 2019, 10.04 PM IST
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'Deficient' audit: IL&FS board sends show-cause notices to Deloitte arm, BSR

Removal of Deloitte arm as tax auditor is being seen as the first punitive action against auditors in IL&FS crisis.

Is the time finally ripe for PM Modi's desi Big 4? Here are the odds

India is in need of foreign money. Global investors feel confident when a MNC auditors is involved in a business.

Infibeam terminates Ernst & Young’s affiliated auditor for unpublished price sensitive data breach, audit firm denies it

Infibeam informed the stock exchanges about the data breach, regarding certain unpublished price sensitive information (UPSI), leading to a breakdown of trust by the company on its auditor.

Bar council asks Big 4 not to offer legal services

SILF had first complained about alleged unauthorised practice of law by the Big Four in 2015.

GST, Cos Act bring windfall for CAs

New reforms in taxation and Companies Act push demand for CAs to an all-time high.

Hauling Deloitte & KPMG over coals may singe India Inc

With only few quality audit firms, scaled-down presence of Big Four could hit cos, stump foreign investors.

As Deloitte stares at a lengthy India ban, a look at the events that led to this

Serious irregularities in IL&FS accounts have prompted India to set sleuths on Deloitte's trail.

IL&FS case: NFRA, ICAI spar over probe into auditors’ role

A chartered accountant body had filed a petition in Delhi High Court challenging the vires or power of NFRA.

MCA ready to strike against IL&FS tainted Deloitte

SFIO questioned Deloitte's former Chief Executive Officer Udayan Sen and two others over alleged audit lapses in the books of IL&FS.

Smaller accountancy firms want India to implement UK regulator report on big four

The CMA report called for a separate management, CEO and board for the audit practice, besides a separate bonus and compensation structure.

IL&FS: Auditor regulator NFRA probing role of EY, KPMG and Deloitte

IL&FS: Auditor regulator NFRA probing role of EY, KPMG and Deloitte

NFRA is probing the role of three of the big four auditors in the alleged financial irregularity in IL&FS.

Deloitte to hire law firm to review fudging charges

Deloitte to hire law firm to review fudging charges

The law firm, when finalised, will look into the allegations made by the whistleblower through a media portal — Moneylife — on Wednesday.

New accounting standard for leases to improve quality of financial info, says ICAI

New accounting standard for leases to improve quality of financial info, says ICAI

Ind AS 116, which sets out the principles for recognition, presentation and disclosure of leases has been notified by the corporate affairs ministry.

Simpler GST turns out to be bad business for India's tax consultants

Simpler GST turns out to be bad business for India's tax consultants

At least 20 partners and as many as 50 directors in top firms have either quit or will leave in coming months.

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