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NFRA finds big gaps in statutory audit of IL&FS Transportation Networks

The authority has also found the auditor to be in violation of ICAI Code of Ethics 2019

ITNL | National Financial Reporting Authority | IL&FS

Ruchika Chitravanshi  |  New Delhi 

NFRA’s audit quality review has also pointed out that the integrity of the audit file was questionable due to tampering and inconsistency

The (NFRA) has found that the initial appointment of the audit firm and its continuation as a statutory auditor of Transportation Networks (ITNL) was prima facie illegal and void and that the company’s losses were understated.



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First Published: Thu, September 23 2021. 21:36 IST