Page 2 - Audit Firms

MCA's proposal to curb non-audit services will affect small firms: Experts

Any move to cap the number of clients of large audit firms will hurt investment, say experts

FASTags to help NHAI bring transparency, check underreporting of collection

One is not sure if the transition to a cashless system will leave scope for investigation on previously under reported toll.

With rise in financial frauds, forensic audits prove handy for India Inc

Audit firms are also reporting a rising demand for background checks of senior executives when they join a company

Domestic audit firms eye global tie-ups to take on multinational rivals

The aim is to become globally more competitive by deploying stronger processes already being followed by the global audit firms in delivering audit mandates

Cyber security agency cautions govt over engaging foreign IT audit firms

Cert-in, which is under the electronics and IT ministry, is the national nodal agency to secure Indian cyber space

SC stays tributal order that held Sebi had no powers to bar auditors

The tribunal had also pointed out that SEBI has no authority to look into the quality of audit and auditing services

Experts raise alarm bells on talent flight amid crackdown on audit firms

On the other hand, officials at regulatory and enforcement agencies said the audit firms tend to put the blame on individuals after finding themselves in the dock for their alleged role in frauds

SAT quashes Sebi's order against Price Waterhouse in Satyam scandal

The scandal involving overstatement of bank and cash balances by over Rs 3,300 cr had come to light in January 2009

Letter to BS: What is the sanctity of auditing and credit rating processes?

If auditors can be induced to gloss over serious irregularities, decisions taken by everyone will be based on false credit ratings

Discussion on to cap fee of non-audit services: Corporate Affairs Secretary

This comes when auditors are being pulled up after discrepancies were found in companies

Big Four runs for cover: IL&FS effect may dim the halo around the auditors

The stringent pushback by regulators and probe agencies against audit firms, following the crisis in the IL&FS group, has thrown the auditor fraternity in the Big Four audit networks into a tizzy

Are auditors a soft target?

Whipping the auditor because of its failure to meet the regulators' and public expectations will not improve the audit quality

The future of audit firms in India: It's expectation versus reality

Audit is in an unprecedented period of crisis, needing the profession to step up, said Vishesh C Chandiok CEO of Grant Thornton India

Regulatory scrutiny of audit firms may put tech industry in a spot

Currently, Deloitte, EY and KPMG with their associates work as statutory auditors of most of the top league domestic IT services firms

After PwC's ban for Satyam role, auditor resignation at 6-year high in 2018

The auditors stepped down only days before finalising the annual accounts, citing inadequate information shared by the companies during the audit

'Multinational' tag for the Big 4 auditing firms is a misnomer: Committee

Turns out that these Indian audit firms are set up as partnerships or Limited Liability Partnerships under Indian laws and their partners are members of the Institute of Chartered Accountants of India

Regulators must provide more oversight to improve overall quality of audit

Investor wealth has evaporated in recent cases

Thanks to FDI norms tweak, joint audits will boost Indian entities

With the new regime, if there is a requirement for compulsory appointment of a foreign auditor in the shareholders' agreement, then there should be a joint audit

Rotation resets audit firm order

The churn raises concerns on fee undercutting and its impact on quality of inspection