RBI bans auditors Haribhakti and Co for 2 years

The Reserve Bank of India on Tuesday banned chartered accountant firm Haribhakti & Co LLP from undertaking any type of audit assignments for regulated entities for a period of two years starting......

How the new Companies Act will affect Tata Sons, Bharti Telecom

The provision requires greater financial disclosures by a certain category of unlisted companies. Illustration: Dominic Xavier/Rediff.com Companies such as Tata Sons and Bharti Telecom, which are......

57% investors say Big-4 auditors have no credibility: Survey

It can be noted that ever since Satyam Computers scandal came out in January 2009, the audit world, especially the Big Four, have been under fire from the regulators. Illustration: Dominic......

Adverse action on audit firms may put IT cos in a spot

Currently, Deloitte, EY and KPMG with their associates work as statutory auditors of most of the top league domestic IT services firms.Owing to many alleged auditing lapses, the regulators have......