Consultancy / Audit

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

Jun 23, 2019, 10:13 AM IST

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

Jun 21, 2019, 06:22 PM IST

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

Jun 18, 2019, 07:58 AM IST

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

Auditors being ‘irrational’ for doubting Reliance infrastructure’s business: Punit Garg

Jun 17, 2019, 07:58 AM IST

BSR & Co & Pathak HD doubted co’s ability to continue as a going concern after its Rs 3,301-cr loss in Q4.

MNCs in a fix over likely ban on 2 audit firms in India

Jun 17, 2019, 10:27 PM IST

MNCs and Indian cos with global operations are in a fix over their audits amid likely ban on KPMG and Deloitte.

US’ WeWork in talks to buy Out India unit

Jun 15, 2019, 09:52 AM IST

However, the process is unlikely to be concluded immediately, two persons with direct knowledge of the development told ET.

Tatas await decision on plea to ban Deloitte, BSR

Jun 14, 2019, 10:59 AM IST

If the ban comes to play, it will be a setback for the two firms as it will lead to 300-plus listed companies shifting their business to other audit firms.

More auditors likely to expose accounting issues, then quit

Jun 14, 2019, 08:35 AM IST

Multiple insiders said at least a dozen audits firms are evaluating whether they should resign.

PwC to MCA: Resigned from Reliance companies as didn’t get satisfactory responses to queries

Jun 14, 2019, 10:17 AM IST

PwC has not gone into the specifics but merely hinted that there were certain transactions involving the group companies. “We did not receive substantive/satisfactory response to our queries in light of our observations.