Price Waterhouse Chartered Accountants (PwC India) has resigned as the auditor of Paytm Payments Services, the fintech major said in a regulatory filing on Monday. "...we wish to inform you that M/s. Price Waterhouse Chartered Accountants LLP ... statutory auditors of material subsidiary i.e. Paytm Payments Services Limited (PPSL) have resigned with effect from August 7, 2023," the company added. Paytm said that the statutory auditors had not raised any concerns or issues and that the company had noted PwC's resignation.
The Ministry of Labour & Employment is investigating alleged "unsafe and exploitative work environment" days after the tragic demise of Anna Sebastian Perayil who worked with S R Batliboi, a member firm of EY Global. Perayil was a 26-year-old chartered accountant (CA) who died allegedly due to extreme work pressure at the firm. "Deeply saddened by the tragic loss of Anna Sebastian Perayil.
'He had a lovely, lovely, sense of humour, very subdued and very, very subtle, but it was very, very, prominent.'
EY said it would continue to improve and provide a healthy workplace in its offices throughout the country.
The average Indian works 46.7 hours per week, surpassing even China's 46.1 hours. In some sectors, the numbers are even more staggering.
The Leader of Opposition assured the parents of raising the issue in Parliament.
'In India, managers and the leadership almost glorify overworking.'
Two months after he retired, Ratan Tata remains a personal enigma despite the millions of words written about him. In this exclusive interview with Rediff.com's Vaihayasi Pande Daniel, architect Ratan Batliboi reveals Ratan Tata the caring, honest, funny, simple, man behind the legend.
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 April 1, 2022.
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 either imposed restrictions on the audit firms or are seeking to do so.
On a full year basis, the airline made a loss of Rs 934.8 crore. The company has incurred a net loss during the current and previous year and, the its current liabilities exceeded its current assets
Companies such as Tata Sons and Bharti Telecom, which are unlisted but have listed subsidiaries, may soon have to file periodic financial statements with the registrar of companies under the new provision of the Companies Act. The provision requires greater financial disclosures by a certain category of unlisted companies.
The breakdown in communication between national selectors, led by chairman Chetan Sharma, and the team management comprising skipper Virat Kohli over Bengal opener Abhimanyu Easwaran's contentious selection, is not the first such instance in Indian cricket.
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.
With auditing under the scanner and two of the Big Four firms stopping non-audit services for audit clients, auditors will now be subjected to a more stringent standard of reporting.
There has been an exponential increase in the use of technology to validate financial numbers, with a greater reliance on electronic evidence, use of live videos where possible, data analytics, and project management software to overcome the physical limitations in verifying transactions and accounts.
On December 31, SpiceJet's accumulated losses had grown to Rs 3,233 crore.
Airline says can't discuss dues publicly, denies grounding of planes
The company reports profit of Rs 4500 crore in FY14, up from Rs 446 crore in FY10
Qatar Airways might infuse $200 million in debt and equity in SpiceJet.
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