Page 4 - Kpmg
IL&FS case: NCLAT reserves order over NCLT jurisdiction to implead auditors
Hearing a plea by Deloitte Haskins and Sells and KPMG arm BSR & Associates, the NCLAT on Friday reserved its order on the NCLT's jurisdiction over impleadment of auditors in the case involving alleged fraud in IFIN, a subsidiary of IL&FS. The two-member bench led by Chairman Justice S J Mukhopadhaya also sought a written submission from the Ministry of Corporate Affairs by Tuesday, to determine whether the NCLT has jurisdiction to initiate civil proceedings against any party. The Ministry of Corporate Affairs (MCA) had asked the National Company Law Tribunal (NCLT) to freeze the assets of the former auditors in the case involving alleged fraud in IFIN, a subsidiary of Infrastructure Leasing & Financial Services (IL&FS). Arguing for the government, a counsel said that impleadment is being sought to explain the conduct by auditors. He said all those persons who have been impleaded are directly attached with the affairs or the management of affairs of the company and ...
 "IL&FS case: NCLAT reserves order over NCLT jurisdiction to implead auditors")
S P Jain Global bags 50% international offers, top offer at Rs 45 lakh
Consulting emerges as top recruiting sector, with 24% placement offers, followed by logistics & supply chain at 17%, and IT at 16%
 "S P Jain Global bags 50% international offers, top offer at Rs 45 lakh")
DHFL crisis: Banks stare at huge provision burden if fraud is established
KPMG did a forensic audit on DHFL. Its draft report has startling findings and says DHFL could have diverted funds to promoter-led entities
 "DHFL crisis: Banks stare at huge provision burden if fraud is established")
KPMG forensic audit finds fund diversion from DHFL to promoter-led entities
The forensic audit report said DHFL could not provide a robust and well-defined tracking mechanism for end-use of funds disbursed by the company
 "KPMG forensic audit finds fund diversion from DHFL to promoter-led entities")
As OTT players gain popularity, advertisers want a spot in their screen
With more than 30 over-the-top players, the country has the second-highest per capita consumption of online video in the world, says KPMG
 "As OTT players gain popularity, advertisers want a spot in their screen")
Hong Kong protests force companies to choose: Their employees or China
Employers early on supported their workers' desire to protest but have started to shift under pressure from Beijing
 "Hong Kong protests force companies to choose: Their employees or China")
Half of Indian realtors are unprepared for tech innovations: Report
A latest report by KPMG and industry body NAREDCO has projected the sector to grow to equal 15% of India's gross domestic product by 2030 from the current 7%
 "Half of Indian realtors are unprepared for tech innovations: Report")
79% CEOs see growth prospects for Indian economy in 2019: KPMG Report
About 69 per cent CEOs in India, the same as CEOs globally, now have structures in place to review their business models and ensure they stay competitive in the face of disruption
 "79% CEOs see growth prospects for Indian economy in 2019: KPMG Report")
Deloitte, KPMG seek stay on NCLT order to prosecute them for IFIN auditing
NCLT reserves order on ministry of corporate affairs' plea to ban auditing firms for five years.
 "Deloitte, KPMG seek stay on NCLT order to prosecute them for IFIN auditing")
ReNew looks at optimising cost, shifts 20 employees to partner KPMG India
ReNew currently holds the largest portfolio of wind and solar power capacity of 5,600 Mw in the country
 "ReNew looks at optimising cost, shifts 20 employees to partner KPMG India")
Centre to pose tough questions to auditors for quitting companies
There has been a spate of resignations by auditors who want to derisk themselves from companies whose accounting practices may be questionable
 "Centre to pose tough questions to auditors for quitting companies")
Brand KPMG looks to craft inspirational tale with employees as ambassadors
Experts say the brand misses an opportunity to spin a memorable campaign
 "Brand KPMG looks to craft inspirational tale with employees as ambassadors")
KPMG India appoints Unilever veteran Natarajan G as chief finance officer
He was the CFO at Unilever Financial Services in London
 "KPMG India appoints Unilever veteran Natarajan G as chief finance officer")
Accounting watchdog accuses KPMG of 'unacceptable deterioration' in audits
Increased scrutiny of KPMG will involve the FRC inspecting 25 per cent more audits done by the firm in the 2018/19 financial year, the first time the FRC has taken such action
South Africa's FinMin calls for criminal probe into KPMG
KPMG is the latest international firm to become embroiled in factional battles within South Africa's political establishment
 "South Africa's FinMin calls for criminal probe into KPMG")
Arun Kumar succeeds Richard Rekhy as KPMG India chairman
Kumar joins at a time when the Big Four accounting and audit firms are jostling for market share
 "Arun Kumar succeeds Richard Rekhy as KPMG India chairman")
KPMG India CEO Richard Rekhy to retire
KPMG International Chairman John B Veihmeyer thanked Rekhy for the enormous contribution he made, not only to KPMG India but also to the wider Indian economy
 "KPMG India CEO Richard Rekhy to retire")
Lot more needed to improve ease of doing biz in India: Richard Rekhy
Rekhy said that the rules and regulations should be formed based on the dealing that people do biz in the right way
 "Lot more needed to improve ease of doing biz in India: Richard Rekhy")
Realty sector likely to generate 75 million jobs by 2022: KPMG
The size of the construction market is expected to be more than $1 trillion by 2030
