APEX AUDITORS

ICAI found gross negligence by auditors of Byju's. FRRB will review the conduct of auditors and take appropriate action. RBI barred Paytm Payments Bank from business. Byju Raveendran was removed from the board of Byju's.

Apex auditors, including India's Comptroller and Auditor General (CAG) Girish Chandra Murmu, are developing an international framework for auditing regional and municipal bodies to assess their performance. India aims to host a conference in Septemb...

Once the reciprocal system is implemented, the chartered accountants from the foreign countries will have to be registered with the ICAI, which will be regulating them.

The NFRA can also recommend accounting and auditing policies and standards to the government for adoption. Before it was set up, the Institute of Chartered Accountants of India (ICAI) had, more or less, exclusive jurisdiction over disciplining the a...

The financial affairs of IL&FS Group came under scrutiny in 2018 after it defaulted on short-term and long-term debt obligations to the tune of Rs 91,000 crore. IL&FS Financial Services (IFIN) was audited by BSR, a KPMG-affiliated firm, in FY19 and ...

The Congress on Saturday hoped the SEBI report on Adani would answer the questions raised by Supreme Court's Expert Committee and wondered when will Prime Minister Narendra Modi break his silence on the issue. In May, the apex court had granted the ...

Setting aside the Bombay High Court’s April 2020 judgement that quashed criminal prosecution initiated against the two firms and their chartered accountants, a Supreme Court bench led by Justice MR Shah said the SFIO could proceed with its 2019 crim...

Comptroller and Auditor General of India (CAG) has been selected as external auditor of the International Labour Organization (ILO), Geneva for a four-year term from 2024 to 2027, the apex auditor said in a statement on Thursday. Girish Chandra Murm...

On August 26 last year, the apex court had directed that the Chandra brothers be shifted from Tihar Jail in the national capital to Mumbai's Arthur Road Jail and Taloja prison in Maharashtra after the ED had said that they were conducting business f...

According to the release, the MoU would help ICAI to strengthen the partnership with Poland by providing the export of services in the accountancy profession.

The Institute of Chartered Accountants of India (ICAI) is a statutory body. The CAAR was set up to regulate the audit profession in Azerbaijan. The signing of the MoU was cleared by the Cabinet, chaired by Prime Minister Narendra Modi.

The market is gearing up for June quarter results. Ahead of the onset of the earnings season, Apex Frozen and Power Mech soared 20 per cent, whereas Alankit tanked over 11 per cent.

The central bank on April 27, 2021, had issued a circular on 'Guidelines for appointment of statutory central auditors (SCAs)/statutory auditors (SAs) of commercial banks (excluding RRBs), UCBs and NBFCs (including HFCs)'.

In April, the Reserve Bank of India (RBI) came out with the norms for appointment of Statutory Central Auditors (SCAs) and Statutory Auditors (SAs) of commercial banks, Urban Co-operative Banks (UCBs) and Non-banking Financial Companies (NBFCs), inc...

India has nearly 11% share of all road deaths in the world. The board with minimum three and maximum seven members will be headed by a chairman who must have held the post of secretary or equivalent post and the members must have worked at least in ...

The government has told the apex court that all states and UTs have been asked to send their action taken reports (ATRs) on the enquiry conducted by them on fire incidents that have occurred in hospitals or nursing homes in the last five years.

A trial court had on October 24, granted interim bail to Chandra for four weeks on grounds of illness of his wife who was stated to be suffering from COVID-19. Later the relief was extended till November 26.

The Centre plans to contest in the apex court a Bombay High Court ruling that disallowed a government petition that had sought to take action against Deloitte and KPMG-affiliate BSR & Associates LLP, auditors of the crisis-hit IL&FS Financial Servic...

Taking note of the "enormity of the matter", the ICAI on Wednesday said it has triggered its disciplinary mechanism and has written to the bank as well as regulatory agencies concerned.