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  • 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.

  • Sobha gets top honours in India‘s first ever real estate best practices audit report Jan 12, 2017 09:00 AM IST

    Sobha gets top honours in India‘s first ever real estate best practices audit report

    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 &#82

  • Some NSE brokers got preferential advantage, find audit reports Dec 29, 2016 09:00 AM IST

    Some NSE brokers got preferential advantage, find audit reports

    The audit done revealed that NSE‘s algorithm system was ‘prone to manipulation‘. The enquiry done highlighted specific periods when some brokers got first preference to connect to servers more frequently than others.

  • Vivimed Labs Alathur unit completes successful USFDA visit Nov 29, 2016 09:16 PM IST

    Vivimed Labs Alathur unit completes successful USFDA visit

    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.

  • New CRA norms to improve transparency, help investors: Crisil Nov 02, 2016 07:00 PM IST

    New CRA norms to improve transparency, help investors: Crisil

    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.

  • Audit interventions resulted in recoveries of Rs 4,500 cr: CAG Oct 20, 2016 07:56 PM IST

    Audit interventions resulted in recoveries of Rs 4,500 cr: CAG

    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.

  • Exports to US will continue normally post audit: Dishman Pharma Jul 11, 2016 11:53 AM IST

    Exports to US will continue normally post audit: Dishman Pharma

    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.

  • SFIO to rope in consultants for law, financial analysis Mar 15, 2016 05:30 PM IST

    SFIO to rope in consultants for law, financial analysis

    To ramp up its manpower, the Serious Fraud Investigation Office (SFIO) plans to hire 15 consultants from various fields, including law and financial analysis.

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