The National Financial Reporting Authority (NFRA) identifies significant deficiencies in BSR & Co LLP's audit practices, ...

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 ...

The proposed norms are expected to include provisions for LLP auditors to ensure accountability, similar to the oversight the ...

All the five inspection reports issued by NFRA last year have cited issues with non-audit work offered by the audit firms or related entities,” said founder of an accounting firm, on condition ...

A Covered Entity or Business Associate who has received a request for disclosure, must get a valid attestation in plain language from the requestor for the following specified purposes ...

For instance, in the case of SRBC & Co, an affiliate of EY, the NFRA’s inspection team observed that SRBC was providing audit services to a client while some other EY network entity was ...

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.