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The rift between Adani Ports & SEZ and audit firm Deloitte has brought to the fore the frosty relationships between companies and auditors in recent times.
Deloitte, which quit as Adani Ports’ auditor, had earlier left as auditor of Byju’s after the edutech company failed to file its annual financial results in time for the financial year 2022.
In June this year, the National Financial Reporting Authority has said quitting audit assignments will not absolve an auditor of its responsibility if any fraud is noticed during their tenure at a later stage.
Interestingly, statistics collated by tracker primeinfobase.com shows that
