Page 5 - Auditors

Big four global auditors face investor calls for tougher climate scrutiny

Auditors are not giving enough weight to a potentially rapid transition towards a low-carbon future as governments implement the 2015 Paris Agreement to curb climate change, they said

PwC-Satyam case: SC restores Sebi's power to restrain erring auditing firms

The apex court move comes as a big relief to Sebi as the SAT order had led to jurisdictional ambiguity

SC stays tributal order that held Sebi had no powers to bar auditors

The tribunal had also pointed out that SEBI has no authority to look into the quality of audit and auditing services

Sebi tightens norms to deal with abrupt resignations of auditors

The market regulator has said that an auditor will have to provide review - limited or complete audit report - for the quarter during which it resigns

ICAI to check role of auditors in PMC bank financial irregularities

The Institute of Chartered Accountants of India has written to the Vigilance Department of the RBI and the Commissioner of Maharashtra Co-operative Societies

Sebi mulls new whistle-blower mechanism to stem auditor exits

The proposed move assumes significance in the wake of several auditors in the recent past decided to exit from their audit mandate

SAT quashes Sebi's order against Price Waterhouse in Satyam scandal

The scandal involving overstatement of bank and cash balances by over Rs 3,300 cr had come to light in January 2009

Trouble for Anil Ambani: BSR resigns as RPower, RInfra's statutory auditor

Cites concerns raised in FY19 audit reports as reason

Auditor: A watchful guardian

The auditing profession should consider whether some elements of forensic audit be included in audit procedures

Centre to pose tough questions to auditors for quitting companies

There has been a spate of resignations by auditors who want to derisk themselves from companies whose accounting practices may be questionable

Discussion on to cap fee of non-audit services: Corporate Affairs Secretary

This comes when auditors are being pulled up after discrepancies were found in companies

Govt flags concern over concentration, lack of competition in auditing

Srinivas said that when it comes to auditing of listed firms, there appears to be a lot of concentration

Letter to BS: The audited documents and reports must maintain quality

Keeping aside the auditing, if auditors go for investigations to unearth the criminal conspiracies, they will fail to report within specified time

A raw deal for auditors

There is a distinction between audit negligence and criminality. The government and the leaders in the auditing profession must have a clear dialogue

Bankruptcy hits employees: Another scandal is brewing in IRP process

The employees are yet to receive the salaries which have been delayed by over a year

NFRA has its task cut out to bring in more accountability in audit services

For improvement in audit quality, corporate India, too, has to become more accountable to its auditors for business decisions

Breaking up the Big Four: Will having multiple auditors work for India?

Auditors are divided over one of the key recommendations to make joint audits mandatory for certain section of companies

RBI fiat on penalties makes auditors see red; banks may have to pay more

The RBI's June 29 circular said it would take punitive action against auditors, mainly in case of divergence in provisioning norms and asset classification

Auditors: Signing out

Unfortunately, regulations today do not permit a more open dialogue between auditors and investors

Why are auditors silent?

The reason for the decision was almost identical: The failure of managements in providing adequate relevant information on time