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  • Auditors' red flag in time could have averted many financial misdoings: NFRA chief Nov 20, 2022 11:55 AM IST

    Auditors' red flag in time could have averted many financial misdoings: NFRA chief

    It will help an independent regulator like NFRA to get feedback and also help in overall improvement of the audit profession," Ajay Bhushan Prasad Pandey said.

  • ICAO audit of Indian aviation sector to start from November 9 Nov 06, 2022 09:52 PM IST

    ICAO audit of Indian aviation sector to start from November 9

    The audit will cover various areas, including flight standards, licensing and airworthiness.

  • How Indostar Capital’s share prices went into a free fall Aug 19, 2022 07:57 PM IST

    How Indostar Capital’s share prices went into a free fall

    On August 5, Indostar Capital reported its highest ever quarterly net loss for the quarter ended March at Rs 767.2 crore.

  • Gurugram Building Collapse | What should property buyers, owners keep in mind to avoid such tragedies Feb 23, 2022 03:36 PM IST

    Gurugram Building Collapse | What should property buyers, owners keep in mind to avoid such tragedies

    In many cases, the problem could be poor quality of materials used, or poor workmanship 

  • Sebi notifies KRA rules; mandates audit trails of client's KYC records Jan 31, 2022 01:59 PM IST

    Sebi notifies KRA rules; mandates audit trails of client's KYC records

    Besides, such agencies will have to maintain an audit trail of the upload/modification/download with respect to KYC records of clients, Sebi said in a notification on Friday.

  • Explained: NFRA's proposal on exemption for mandatory audit, what is industry's view Oct 04, 2021 03:56 PM IST

    Explained: NFRA's proposal on exemption for mandatory audit, what is industry's view

    Set up in 2018, the National Financial Reporting Authority is an independent regulator to oversee auditing and accounting standards in India.

  • IL&FS and ITNL mulls replacement of auditor SRBC Sep 27, 2021 12:25 PM IST

    IL&FS and ITNL mulls replacement of auditor SRBC

    The NFRA had found serious lapses in the statutory audit of IL&FS ITNL for the 2017-18 fiscal, including that the company's losses were understated by at least Rs 2,021 crore.

  • RBI Auditor Appointments | The slip between the cup and the lip Jun 09, 2021 11:13 AM IST

    RBI Auditor Appointments | The slip between the cup and the lip

    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

  • Exclusive: Swiggy Auditor KPMG points out discrepancy in accounting Jan 28, 2021 06:04 PM IST

    Exclusive: Swiggy Auditor KPMG points out discrepancy in accounting

    Experts believe start-ups have been relatively lax about auditing and accounting rules, and this case could set the tone for more public liability

  • Fraud detection in an audit report, coming soon? Sep 17, 2020 01:24 PM IST

    Fraud detection in an audit report, coming soon?

    A Big Four accounting firm’s CEO has said auditors should do more to uncover fraud that is material in nature

  • NFRA pulls up IL&FS Financial Services' auditor after finding lapses in procedure Aug 18, 2020 01:44 PM IST

    NFRA pulls up IL&FS Financial Services' auditor after finding lapses in procedure

    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.”

  • Policy | Why PM CARES and other relief funds must be audited by CAG May 01, 2020 09:47 AM IST

    Policy | Why PM CARES and other relief funds must be audited by CAG

    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

  • Whistleblower's complaint: YES Bank's statutory auditor seeks fresh audit Nov 14, 2019 02:28 PM IST

    Whistleblower's complaint: YES Bank's statutory auditor seeks fresh audit

    BSR & Co has sought a new audit with expanded terms of reference. The board is yet to make a decision, a source said.

  • Audit your personal finances to keep money matters in order Sep 16, 2019 08:46 AM IST

    Audit your personal finances to keep money matters in order

    A personal finance audit will help you stay on track and make adjustments to keep your finances in order

  • Opinion | Sun Pharma: New governance structure needed to protect investors' interest Jan 01, 2019 01:57 PM IST

    Opinion | Sun Pharma: New governance structure needed to protect investors' interest

    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

  • COAI for single audit to meet requirements of multiple agencies Dec 16, 2018 11:05 AM IST

    COAI for single audit to meet requirements of multiple agencies

    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.

  • IL&FS will be new audit watchdog NFRA's first test case Oct 11, 2018 07:29 AM IST

    IL&FS will be new audit watchdog NFRA's first test case

    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

  • Blockchain: The right medicine for asset management industry Aug 24, 2018 04:26 PM IST

    Blockchain: The right medicine for asset management industry

    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

  • With auditors under regulators' scrutiny, Big 4 relax revenue targets for partners Jun 15, 2018 08:13 PM IST

    With auditors under regulators' scrutiny, Big 4 relax revenue targets for partners

    The removal of reduction of revenue targets comes at a time when several firms are resigning as auditors of companies

  • CAs watch out! Auditors' watchdog NFRA expected in two months Jun 15, 2018 04:52 PM IST

    CAs watch out! Auditors' watchdog NFRA expected in two months

    NFRA will also haves powers to investigate and penalise any member or firm of chartered accountants

  • ICICI Bank-Videocon case: Bank calls for probe against Chanda Kochhar after another complaint May 30, 2018 04:50 PM IST

    ICICI Bank-Videocon case: Bank calls for probe against Chanda Kochhar after another complaint

    The bank didn't reveal the content and timing of the anonymous whistleblower's complaint

  • DGCA to meet airlines ahead of ICAO audit Aug 06, 2017 05:35 PM IST

    DGCA to meet airlines ahead of ICAO audit

    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.

  • CAG to audit UN Secretariat in New York Apr 04, 2017 03:30 PM IST

    CAG to audit UN Secretariat in New York

    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.

  • Dr Reddy's gears up for key USFDA audits in next 2 months: Srcs Mar 08, 2017 01:29 PM IST

    Dr Reddy's gears up for key USFDA audits in next 2 months: Srcs

    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.

  • 35% polling in Punjab till 1 PM Feb 04, 2017 02:30 PM IST

    35% polling in Punjab till 1 PM

    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.