Auditors

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Auditors - Total results - 50
Companies Bill: Draft rules clear on rotation of auditors but not on their eligibility
Business

Companies Bill: Draft rules clear on rotation of auditors but not on their eligibility

The draft rules released by the government for the new companies legislation provide clarifications on rotation of auditors but ambiguity persists on eligibility and appointment of internal auditors, say experts.<br /><br />

United Breweries auditors fear over-exposure to KFA
Business

United Breweries auditors fear over-exposure to KFA

United Breweries' financial exposure to the grounded airline stands at Rs 13,500 cr. However, the group has made "no provision in the accounts for the probable loss that may arise on account of financial exposures," auditors have said.

Tax evasion: PricewaterhouseCoopers summoned in Nokia case
Business

Tax evasion: PricewaterhouseCoopers summoned in Nokia case

I-T department had on January 8 conducted a survey operation at Nokia's Sriperumpudur factory and said it had found prima facie defaults in TDS deductions on royalty payments

No auditor can audit a company for more than 5 years: Sachin Pilot
Business

No auditor can audit a company for more than 5 years: Sachin Pilot

Terming "cosy" relations between management and auditors of a company as key to accounting frauds, the Corporate Affairs Minister Sachin Pilot has said that such a nexus would not be allowed anymore.

Auditors warn Kingfisher losses could have hit Rs 1,032 cr
Business

Auditors warn Kingfisher losses could have hit Rs 1,032 cr

Flagging concern over the financials of Kingfisher, its auditors said the losses could have been Rs 1,032 crore if it had followed certain accounting standards.

UB group auditors raise concern over exposure to Kingfisher, tax dues
Business

UB group auditors raise concern over exposure to Kingfisher, tax dues

Auditors of UB group's holding firm, UBHL, have raised concerns over its significant exposure to debt-ridden Kingfisher Airlines, as also on delays and defaults related to tax dues and repayments to lenders.

Dhanlaxmi Bank down after news on auditors' exit
Investing

Dhanlaxmi Bank down after news on auditors' exit

Dhanlaxmi Bank is again in the news for all wrong reasons. This time it is the exit of auditors, raising doubts over mismatch of certain numbers in the bank's unaudited results for April-June.

Satyam: Rs 7,000 cr fraud, and Rs 5 lakh fine for auditors?
Business

Satyam: Rs 7,000 cr fraud, and Rs 5 lakh fine for auditors?

Should the auditors who failed to discover the Satyam fraud, or turned a blind eye to its perpetration, be let off with a fine of Rs 5 lakh?

Internal Auditors Can Align With CEO Focus On Strategic Growth, IT, Regulation
Biztech

Internal Auditors Can Align With CEO Focus On Strategic Growth, IT, Regulation

Internal Auditors can expand roles with changing business environment, says PwC survey.

IT Audit At PSUs: The Government Perspective
Biztech

IT Audit At PSUs: The Government Perspective

K P Sasidharan, Director General (Commercial)- CAG talks about the level of ERP adoption in Govt. PSUs, the method of conducting IT Audit and about the corporate governance practices.