Reliance Home investors plan more actions to recover dues
Complaints to the National Financial Reporting Authority (NFRA), the regulator of CA firms, are likely to cite failures of Grant Thornton and PwC in spotting irregularities, market sources said. Investors have also demanded a copy of the forensic audit conducted by Grant Thornton. PwC was the statutory auditor of Reliance Home Finance.
NCLAT reserves order over NCLT's jurisdiction to implead auditors in IFIN case
The two-member bench led by Chairman Justice S J Mukhopadhaya ...
Bank auditors have to be more vigilant
Under the new framework, statutory auditors, in verifying whether an NPA has been correctly identified...
NBFC supervision to cover auditors, banks, rating cos
Regulator looks to prevent defaults and ensure broader financial stability.
NBFC supervision to cover auditors, banks, rating companies
It has taken steps to strengthen the supervision of NBFCs, rating companies and auditors, which will ensure that these functions are carried out in a focused manner.
Government makes changes to Interest Subvention Scheme for MSMEs
MSME minister Nitin Gadkari on Monday reviewed the scheme, which was launched by Prime Minister Narendra Modi in November 2018, ahead of the LokSabha elections in May this year. As part of access to credit, Modi announced 2% interest subvention for all GST registered MSMEs on fresh or incremental loans.
More companies seek legal views as auditor qualifications rise
Opinions sought on areas where the audit firms are not safisfied with management stand; change in approach follows regulatory actions in the wake of IL&FS scam.
Govt asks e-commerce firms to file FDI compliance report annually
"Against Sl. No. 15.2.3, for entry (p), the following entry shall be substituted, namely-(p) e-commerce marketplace entity with FDI shall have to obtain and maintain a report of statutory auditor by 30th of September every year for the preceding financial year confirming compliance of the e-commerce guidelines," the gazatte notification said
NFRA seeks client details from auditors
The audit regulator seeks info on audit processes, number of clients, non-audit work done for them and fees.
Sebi tightens norms for resignation of statutory auditors
In the wake of a number of resignations in listed companies off late, the Securities and Exchange Board of India (Sebi) on Friday floated st...
Sebi proposes stricter norms for statutory auditors
Upon resignation of auditor, audit committee needs to raise concerns with management, Sebi said.
Sebi bans auditor for one year in Coral Hub case
Besides, K P Joshi, proprietor of the audit firm, has also been barred for one year.
Deccan Chronicle case: Sebi bars 4 individuals from markets for 2 yrs
The watchdog said there would be no proceedings against Deccan Chronicle Holdings.
Auditor general detects financial irregularities of Rs 108 crore in NRC
Supreme Court monitored NRC exercise started in December 2013. The Office of Accountant General (Audit) had submitted to State Coordinator, NRC the inspection report of the office of State Coordinator, NRC for the period April 1, 2014 to December 3, 2017 with a request to furnish reply to the Inspection Report within one month.
Sebi action against auditors not 'turf war': Ajay Tyagi
In 2018, the regulator banned Price Waterhouse for two years from auditing any listed firm.
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