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 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 ...

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 ...