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ICAI says 3 auditors responsible for IL&FS fiasco, sends notices to them

Notices were issued to partners of Deloitte Haskins and Sells, BSR & Associates LLP and SR Batliboi. The auditors have been asked to appear in Kolkata this week for hearing

IL&FS

Chartered accountants body ICAI has sent notices to partners of three auditors that it finds them responsible for the IL&FS fiasco prima facie and disciplinary proceedings will be initiated against them.   Notices were issued to partners of Deloitte Haskins and Sells, BSR & Associates LLP and SR Batliboi. The auditors have been asked to appear in Kolkata this week for hearing.    However, senior people in Deloitte said it will contest the ICAI's notice in its reply. The Institute of Chartered Accountants of India (ICAI) has found the audit firm responsible on ...