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Consultancy / Audit

Aug 19, 2019, 11.36 AM IST
The Economic Times
11,129.8582.05
Stock Analysis, IPO, Mutual Funds, Bonds & More
MCA seeks explanation from 42 companies on auditors' resignation: Reports

2018 has seen a spate of abrupt auditor resignations in India Inc which has spooked the markets and raised questions on corporate governance. ET NOW's Vijay Iyer learns from his sources that the Ministry of Corporate Affairs(MCA) has kick started it's probe on 42 entities which are under the lens. MCA begins probe in firms where auditors had resigned mid way. Western region ROC submits list of 42 cos under lens. Listen in for more details

Watch: Price Waterhouse gets 2-year ban in Satyam case

India's capital market regulator has banned global auditing firm Price Waterhouse (PW) from auditing listed companies in India for two years for its alleged role of collusion with the directors and employees of erstwhile Satyam Computer ServicesBSE 0.00 %, in perpetrating the country's biggest corporate accounting scandal.

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