On the other hand, officials at regulatory and enforcement agencies said the audit firms tend to put the blame on individuals after finding themselves in the dock for their alleged role in frauds
Many believe the SAT order has cast doubt over Sebi's regulatory turf and whether it has the power to impose strictures against auditors
SAT says Sebi has no authority to look into the quality of audit and auditing services
CCI will be asked to study if the accountancy firms are misusing their dominant positions
This latest transgression adds to the scrutiny of PricewaterhouseCoopers, Deloitte, EY and KPMG, which together control more than 90% of UK audits for large companies
While the board of directors of Reliance Capital has accepted the resignation, Reliance Home Finance said its audit committee and board would meet on Thursday and decide upon a new statutory auditor
Implementation of tax technology can create capacity among employees: Report
Steps for digitalization of market-linkages seems likely to gain momentum
The finding is part of a PwC report titled Industry 4.0