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......

Audit cos to go digital for clearing lockdown hurdle

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......