The National Financial Reporting Authority (NFRA) has highlighted significant shortcomings in the audit practices of BSR & Co LLP, a KPMG sub-licensee, particularly in related party transactions. The ...
Notably, the scope of entities covered by the final Rule is much narrower than the Commission’s original proposal, and the narrower Rule passed on a bipartisan basis on a 4-1 vote. The Rule will ...
The FD was prematurely closed and utilised by the bank in July 2019 to settle debts of seven promoter-linked entities of ZEEL without board or shareholder approval, NFRA said in its order.
The National Financial Reporting Authority (NFRA), the country’s sole independent audit regulator, has imposed a penalty of ₹2 crore on Deloitte Haskins & Sells, along with penalties on two ...
The crux of the issue is around a Rs 200 crore fixed deposit (FD) given by Zee as a guarantee to Yes Bank for loans to Essel Green Mobility, a group entity. NFRA found that neither the creation ...
Representative image NEW DELHI: The National Financial Reporting Authority (NFRA) has slapped penalties totalling Rs 8 lakh on two auditors and barred them for up to five years for professional ...
NEW DELHI: The National Financial Reporting Authority (NFRA) has imposed a fine of Rs 2 crore on Deloitte Haskins & Sells as well as penalties on two chartered accountants for lapses in auditing ...
NFRA imposed a fine of Rs 5 lakh on Chetan Desai and Rs 3 lakh on Rakesh Rathi. The order came after NFRA received information from Sebi in October 2022, regarding misstatements in the financial ...
The National Financial Reporting Authority (NFRA) has imposed a fine of Rs 2 crore on Deloitte Haskins & Sells LLP as well as penalties on two chartered accountants for lapses in the auditing of ...