The bankers believe that the costs for the audit are too high and this move has led to monopoly for Deloitte
Shortly after the dieselgate scandal broke in September 2015, VW hired Jones Day and advisory firm Deloitte to investigate the circumstances of its wrongdoing and who was responsible.
As per the survey, the GST impact reflected better on revenue and supply chain, and 58 per cent CFOs saw an improvement in ease of doing business.
The agriculture sector is expected to grow higher than the estimated 2.1 percent in the current fiscal year on account of positive prospects on Rabi harvest and a normal monsoon, contributing significantly to the national GDP, said the India Economic Outlook Report 2018.
Financial due diligence exercise helps investors understand the commercial and financial health of a business
Effective 1 April 2018, long term capital gains arising from transfer of listed equity shares exceeding Rs. 1 lakh will be taxable at 10 percent
The industry is also hopeful that basic customs duty (BCD) on import of select non ITA goods would be raised to a permissible limit
With a presence in 48 countries and global clients, Deloitte Digital intends to extend its expertise in digital transformation for businesses in the Indian market with studios in Mumbai, Hyderabad, and Bengaluru.
CII, the industry body, said that the decision to relax FDI norms in sectors like single-brand retail would lead to further increase in foreign investment inflows.
After a forensic audit, a Deloitte report also identified brokers who were second and third to log in to the server, but the focus is currently on those who had logged in first.
The percentage of women in top leadership roles is even lower as they constituted 3.2 per cent of board chairs in India in 2016 while the global average stood at 4 per cent.
The 18 hours of e-Learning programme will help organisations make a smooth transition to the new regime by educating internal teams, customers and vendors through a structured programme on what GST means for them, the firm said in a statement.
The number of units under Internet of Things (IoT) is expected to grow exponentially to 1.9 billion units in India by 2020 or about USD 9 billion, says a report.
MS Mani, Senior Director, Deloitte, said the clause will also help curb inflationary pressures on the economy when GST is implemented.
Reliance Industries has selected engineering group Genesis to do a deep-water front-end engineering contract for its MJ-1 gas discovery in KG-D6 block.
The National Stock Exchange is awaiting SEBI‘s nod for easing of the order requiring the bourse to set aside revenues from its co-location services in an escrow account.
Policy hurdles and other operational challenges notwithstanding, global retailers still consider India as one of their key markets as its growth has surpassed most other economies, said a report by Deloitte.
Some kind of calendarisation from now onwards till we move to GST would be appreciated by all business houses, said MS Mani, Senior Director, Deloitte.
Finance Minister Arun Jaitley may address the transient pain of demonetisation by cutting corporate tax rates when he presents the Budget for 2017-18 in just over two weeks time.
The issues pertaining to taxation and other regulatory guidelines have proved to be roadblocks in advancing with the programme, while contracting challenges also played a spoilsport, the joint report by Assocham-Deloitte said.
The favoured access meant that some brokers were able to execute their trades quicker than others and were in a better position to exploit opportunities.
Finance Minister Arun Jaitley should double the basic income tax exemption limit to Rs 5 lakh per year and raise the ceiling for claiming deduction under Section 80C to Rs 2.50 lakh, according to a survey by tax consultant Deloitte.
Existing government infrastructure assets should be further leveraged for provision of digital services at remote locations, it said.
As per Deloitte's India Fraud Survey, about 70 per cent top executives representing large corporates, 54 per cent belonging to small and medium enterprises and 65 per cent of working professionals indicated fraud would rise in coming two years.
Brazil-based Deloitte Touche Tohmatsu Auditores Independentes "knowingly issued materially false" audit reports for Brazilian carrier Gol Intelligent Airlines in 2010, the Public Company Accounting Oversight Board said in a statement.