Jun 09, 2021 11:13 AM IST
While the RBI’s new regulations on appointment of statutory auditors for the banks and the NBFCs are well intentioned, they will not address audit quality. The private sector banks and significant NBFCs on one side, and large audit firms on the other, will all be impacted by these regulations
- Jan 28, 2021 06:04 PM IST
Experts believe start-ups have been relatively lax about auditing and accounting rules, and this case could set the tone for more public liability
- Sep 17, 2020 01:24 PM IST
A Big Four accounting firm’s CEO has said auditors should do more to uncover fraud that is material in nature
- Aug 18, 2020 01:44 PM IST
As per the report, BSR and other entities in its network used “de facto” the KPMG trademark and branding to provide audit and non-audit services while making “clearly futile attempt to show a de jure (legal) separation from KPMG.”
- May 01, 2020 09:47 AM IST
The PM-CARES fund, just like the PMNRF and many CM relief funds, is opaque in its functioning, even as it collects donations using State apparatus
- Nov 14, 2019 02:28 PM IST
BSR & Co has sought a new audit with expanded terms of reference. The board is yet to make a decision, a source said.
- Sep 16, 2019 08:46 AM IST
A personal finance audit will help you stay on track and make adjustments to keep your finances in order
- Jan 01, 2019 01:57 PM IST
The whistleblower allegations have raised governance concerns at Sun Pharma. Investors are better placed in proactively raising their concerns with the board, to ensure that the new governance structure at Sun Pharma is robust, in their compliance and intent
- Dec 16, 2018 11:05 AM IST
COAI's views come at a time when the telecom department is in the process of appointing at least 4-5 auditors to conduct the planned special audit of private telecom companies for period 2011-12 to 2017-18.
- Oct 11, 2018 07:29 AM IST
Set up recently, NFRA has the powers to launch a suo motu investigation on suspected accounting irregularities. It is also empowered to penalise chartered accountants and audit firms
- Aug 24, 2018 04:26 PM IST
Leading financial institutions in India and globally have started implementing blockchain technology in certain activities. Regulatory and government agencies are also showing interest in blockchain
- Jun 15, 2018 08:13 PM IST
The removal of reduction of revenue targets comes at a time when several firms are resigning as auditors of companies
- Jun 15, 2018 04:52 PM IST
NFRA will also haves powers to investigate and penalise any member or firm of chartered accountants
- May 30, 2018 04:50 PM IST
The bank didn't reveal the content and timing of the anonymous whistleblower's complaint
- Aug 06, 2017 05:35 PM IST
The audit is conducted in areas legislation, organisation, operations, airworthiness, accident investigation, etc and "randomly" pick an airline to check its compliance of the safety regulations.
- Apr 04, 2017 03:30 PM IST
The Comptroller and Auditor General of India will audit the UN Secretariat in New York, a job which till now was the exclusive domain of developed countries, CAG Shashi Kant Sharma said.
- Mar 08, 2017 01:29 PM IST
Drug maker Dr Reddy‘s Laboratories will be put to a crucial test in the second week of April as the company gears up for major USFDA audits at its facilities in Srikakulam located some 70 kms away from port city of Visakhapatnam.
- Feb 04, 2017 02:30 PM IST
Brisk polling was going on as
around 35 per cent of the total 1.98 crore electors exercised
their franchise till 1 PM in the high-stakes Punjab Assembly
elections, wherein 1,145 candidates are in the fray.
- Jan 12, 2017 09:00 AM IST
Sobha Ltd has been ranked number one in Track2Realty‘s Best Practices Report-2017, followed by Godrej Properties and the Prestige Group. This is the first of its kind in-depth report on best practices prevalent in R
- Dec 29, 2016 09:00 AM IST
The audit done revealed that NSE‘s algorithm system was â€˜prone to manipulation‘. The enquiry done highlighted specific periods when some brokers got first preference to connect to servers more frequently than others.
- Nov 29, 2016 09:16 PM IST
The company's 'Finished Dosage Form' manufacturing facility has had a favourable outcome post its US Food and Drug Administration (USFDA) inspection, Vivimed Labs said in a filing to BSE.
- Nov 02, 2016 07:00 PM IST
Sebi guidelines to enhance standards of the credit rating industry will lead to improvement in transparency of the entire evaluation process and benefit investors, rating agency Crisil said today.
- Oct 20, 2016 07:56 PM IST
CAG Shashi Kant Sharma on Thursday said due to audit interventions the Union and state governments accepted recoveries amounting to over Rs 39,000 crore in
2014-15 and actual recoveries effected were Rs 4,500 crore.
- Jul 11, 2016 11:53 AM IST
Two minor observations pertaining to a 2014 audit were reported by the US FDA in its recent inspection, says JR Vyas, CMD of Dishman Pharma.
- Mar 15, 2016 05:30 PM IST
To ramp up its manpower, the
Serious Fraud Investigation Office (SFIO) plans to hire 15
consultants from various fields, including law and financial