Auditors Resignation

Ajay Singh-owned SpiceHealth's auditor resigns, says busy with other work

On August 1 this year, Bubber Jindal and Company tendered its resignation as statutory auditor of SpiceHealth

Srei Equipment Finance's auditor Haribhakti resigns from immediate effect

In a letter to administrator of Srei Equipment Finance, Haribhakti cited RBI guidelines for the appointment of statutory central auditors /statutory auditors of commercial banks

Debt-ridden IL&FS statutory auditor SRBC & Co resigns

Debt-ridden Infrastructure Leasing & Financial Services (IL&FS) has said its statutory auditor SRBC & Co has resigned with effect from September 28, 2021. "M/s SRBC and Co. LLP will be ineligible to continue as auditors of the Company for the financial year 2021-22 beyond September 30, 2021 having completed audits for three years," IL&FS said in a stock exchange filing. The National Financial Reporting Authority (NFRA) had earlier found serious lapses in the statutory audit of IL&FS Transportation Networks Ltd (ITNL), a subsidiary of IL&FS, for the 2017-18 fiscal, including that the company's losses were understated by at least Rs 2,021 crore. The statutory audit was conducted by SRBC & Co LLP. IL&FS further said the company has approved the appointment of CNK Associates LLP as statutory auditor for FY 2021-22. SRBC, in a statement, said it was appointed as the statutory auditor of IL&FS in September 2017 and has already served for a continuous ...

Sebi tightens norms to deal with abrupt resignations of auditors

The market regulator has said that an auditor will have to provide review - limited or complete audit report - for the quarter during which it resigns

Manpasand Beverages hits 5% lower circuit as auditor Mehra Goel & Co quits

The fruit juice maker is embroiled in a tax evasion case worth Rs 40 crore, involving a turnover of Rs 300 crore.

Auditor resignations not all that rare; here's all you need to know

According to the data there were 16 such cases in FY15 and 38 in FY18