Page 4 - Auditors

Rating of audit companies may get more tangible to check frauds

The Centre for Audit Quality has already prepared an approach paper for the audit quality maturity model

CBDT rules out extension of deadline for filing audit reports, ITRs

It said the due dates of filing audit reports have already been extended thrice till January 15 this year.

Compliance with new rules for audit reports deferred to next financial year

Move comes as relief to companies, which will be able to use the additional time to prioritise allocation of resources and better prepare for enhanced requirements

CARO 2020: Wary of increased scrutiny, auditors and firms attempt push-back

Auditors and business are wary of the new audit guidelines

DHFL case: Auditor reports fraudulent transactions worth Rs 2,150 crore

DHFL is undergoing resolution process under the Insolvency and Bankruptcy Code

Auditors seek fine-tuning audit report guidelines, approach Sebi, NFRA

The new disclosures and assessments are a part of the Companies (Auditor's Report) order, or CARO, effective this financial year

DHFL auditors discover fraudulent transactions worth Rs 14,046 cr

The administrator of DHFL - R Subramaniakumar - has moved an application in the National Company Law Tribunal (NCLT) based on the findings of the of transaction auditor

Fee discord stokes company-auditor divorces amid Covid-19 pandemic

So far this year, nearly 12 firms have reported resignations by their auditors due to disagreement over fees

Reliance Home Fin resolution may be delayed as auditors split on fraud call

Clean chit by SBI-appointed forensic auditor, fraud call by Bank of Baroda's party

Spate of auditor resignations showing signs of tapering, shows data

45 mid-term cessations since August last year, but only nine since January

NFRA bars another auditor for 5-years, slaps Rs 15 lakh fine in IL&FS case

Baid is at least the third auditor against whom action has been taken by NFRA in the IFIN matter

DHFL bidders turn jittery as auditors expose holes in company's books

The new management, led by RBI-appointed administrator, has said till forensic audits and probes by CBI and ED are over, it won't be able to present a clear view of financial data of the company

Trustees of PM CARES appoint SARC & Associates as auditor of fund

Opposition parties have questioned how the PM CARES Fund is being kept out of the audit purview of the Comptroller and Auditor General (CAG).

Auditors and fraud

We need to look at the entire ecosystem to minimise corporate frauds and not just focus on auditors

With more disclosures, auditors may seek higher compensation for their work

Audit companies are still assessing the increase in their workload because of the new rules

Govt revises rules for enhanced disclosures in auditor reports of companies

It would be applicable for audit of financial statements of eligible companies for the financial years commencing on or after April 1, 2019

Making auditors accountable

The MCA's proposals will address the conflict of interest issue

It's time for auditors to upgrade themselves with AI to stay relevant

A Mckinsey Global Institute report suggests that AI is helping us approach an unparalleled expansion in productivity that will yield five times the increase introduced by the steam engine

Govt plans additions to auditors' rulebook; stricter norms on the cards

Govt plans to revise the Company Auditors Regulation Order 2016 to expand scope of audits and improve scrutiny

Sebi didn't want to get into turf war over regulating auditors: Ajay Tyagi

Regulator within its rights to take action against audit firms, says Sebi Chairman