ICAI diktat may force Big 4 to change names

The Institute of Chartered Accountants of India has restricted Indian audit firms from tying up with foreign management consultants that offer audit services abroad under the same brand.This will......

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......

Adverse action on audit firms may put IT cos in a spot

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......

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......