Audit Firms

In FY24, the Indian arms of Deloitte, PwC, EY and KPMG posted a combined revenue of Rs 38,800 crore and are projected to surpass Rs 45,000 crore in FY25. A sizable chunk of the revenue has come from government work

NFRA to introduce annual transparency report requirement for audit firms

The watchdog has come out with draft requirements to be followed by auditors and audit firms for preparing Annual Transparency Reports (ATRs).

Edward Nusbaum on Business & Audit challenges

The Companies Bill, 2012 will change how large audit firms work. Audit firm rotation after two consecutive terms of five years each, prohibition on providing non-audit services to an audit client, class action suits against auditors.