Health check for healers: The big audit firms are under the NFRA lens

In recent times, more and more audit firms have challenged company ma­nagements, some going to the extent of resigning on the ground of incompatibility with what the manage­ment wanted or......

RBI proposes stringent norms for wilful defaulters

The Reserve Bank on Thursday proposed tighter norms for treatment of wilful defaulters under which banks and other lenders will be required to examine all accounts with outstanding amount of Rs 25......

Why Auditors Quitting Big Clients Is Complicated

Auditors seem to have developed a heightened sense of risk and are not content to tick the boxes and sign the papers. Illustration: Uttam Ghosh/Rediff.com On January 7, 2009, when B Ramalinga......

Guidelines to improve quality control at audit firms in place

The National Financial Reporting Authority (NFRA) has issued guidelines to inspect select audit firms to identify areas and opportunities for improvement in the audit firm’s system of quality......