In recent times, more and more audit firms have challenged company managements, some going to the extent of resigning on the ground of incompatibility with what the management wanted or was doing. This, said Ajay Bhushan Pandey, chairman of the National Financial Regulatory Authority (NFRA), in a media interview, was a good sign. Now, the national accounting watchdog has turned the spotlight on audit firms themselves.
Aviation regulator DGCA plans to implement measures to control excessive air ticket price increases, following concerns raised during a parliamentary panel meeting. The meeting also addressed air safety issues in light of the Ahmedabad plane crash.
'...you won't have to announce it yourself -- people around you will tell you it's time.'
The government on Monday extended the due date for filing income tax returns (ITRs) for Assessment Year 2025-26 by a day to September 16 as technical glitches disrupted filings on the last day. A record over 7.3 crore ITRs were filed till September 15, surpassing last year's 7.28 crore, the Central Board of Direct Taxes (CBDT) said in a post on X.
A 43-year-old security manager of the Wankhede stadium in Mumbai has been arrested for allegedly stealing 261 Indian Premier League jerseys.
It was a proud evening for Shah Rukh Khan, as elder son Aryan Khan shone under the spotlight for his first ever premiere.
'The way the attacks are coming has become much stronger and much wider because of AI.'
Markets regulator Sebi on Wednesday barred former CEO of IndusInd Bank, Sumant Kathpalia, and four other senior officials from accessing the securities markets in connection with an alleged insider trading in the bank's shares. In addition to the market ban, Sebi has impounded Rs 19.78 crore collectively from the five individuals, according to an interim order passed by the regulator.
Disha gets a hot photoshoot... Aahana slips into a bikini... Malaika sends love...
Reliance Group Chairman Anil Ambani on Tuesday appeared before the Enforcement Directorate here for questioning in a money laundering case linked to alleged multiple bank loan fraud cases worth crores of rupees against his group companies, official sources said.
...on par with oil, power, and defence, and to restrict its storage under foreign control.
The Supreme Court has suggested that judges of the Jharkhand High Court take leave to write pending judgments, noting a significant backlog of cases where verdicts have not been pronounced.
The All-India Football Federation has formed a three-member committee, headed by former judge Justice L Nageswara Rao, to oversee the entire tender process for selecting its new commercial partner, as per a directive from the Supreme Court.
The Enforcement Directorate has summoned Reliance Group Chairman Anil Ambani for questioning in a money laundering case linked to alleged bank loan fraud.
Taxpayers required to file ITR-2 or ITR-3 can now download the Excel utilities from the I-T department's e-filing portal, fill in their details offline.
'Your family doesn't want you to come to this field because there's no direction, no formula.' 'It's not as if your career is settled and you will get work consistently.'
'I was to do Sanam Bewafa but it had a contract that my father was not okay with.'
The report on the alleged liquor scam, a hot button issue in the run-up to the elections, claimed a loss of revenue to the tune of Rs 941.53 crore, saying timely permissions were not taken for opening the liquor vends in non-conforming municipal wards.
'Pahlaj Nihalani came to my rescue. There was no Instagram in those days so I didn't recognise him.' 'I almost fainted when he told me he was Pahlaj Nihalani, the producer of Ilzaam, the hit film that had just made Govinda a star.' 'I told him I was a model and an aspiring actor, and he responded, "You have an interesting face. Come and meet me in the office tomorrow".'
'The quality of justice is directly linked to the quality of judges -- if that suffers, justice delivery suffers.'
'Pageantry is a world that makes you a character; aap ek kirdaar bante hai.' 'For your entire life, you get an opportunity to inspire others and I have stepped into it.'
'I don't know when, but I definitely want to see myself there -- maybe doing some action sequences.''
Heavy rain lashed Delhi, leading to waterlogging and traffic disruptions. The IMD issued an 'orange' alert, warning of more rainfall.
'The fear of social stigma and career sabotage has kept a lid on the dark underbelly of many professions and unfortunately, the film industry has its skeletons too.' 'It's imperative we make our working environment safe and comfortable for women.'
The exchange has written to MCX for greater details on the special audit. BSE has sought the names of related parties, which have been withheld by MCX.
'Experts and stakeholders have raised concern over the refund provision in the draft Bill. That was a drafting error, which will be rectified,' a government official said.
Cross-check key documents, maximise your deductions, avoid errors, and ensure you get your refund smoothly.
The National Financial Reporting Authority (NFRA) will invite public comments on the revised International Standard on Auditing 600 (ISA 600) proposed to be adopted by publicly listed companies and non-public-sector banks, sources close to the development told Business Standard. The decision to take this "graded approach" for the adoption of the ISA, which is meant to rein in auditors often found hiding behind the audit reports signed off by subsidiary companies, was taken at a meeting of various financial sector regulators at NFRA's board meeting on Monday (August 26). The idea behind upgrading the Standards of Audit 600 currently followed by Indian auditors to ISA 600 is to plug current gaps, which have led to major audit lapses in the recent past.
Chartered accountants' apex body ICAI may review the financial statements of IndusInd Bank, which is grappling with discrepancies in accounting to the tune of Rs 2,100 crore. The private sector lender, on March 10, disclosed about some discrepancies in its derivatives portfolio which could have an adverse impact of about 2.35 per cent of the bank's net worth as of December 2024 as per its internal review.
Stephen Graham won two awards at the Emmys, including Best Actor for his role in Netflix's hit drama Adolescence as well as Best Writing alongside co-creator Jack Thorne.
Reels often induce the FOMO-'Act now!' mentality. But sound investing is about consistency, diversification and a long-term horizon.
'Sanju was playing because Shubman and Yashasvi were not available at that point (and) so was Abhishek. (But) Abhishek's performances clearly make it hard to leave him out. Plus, his bowling (left arm spin) is handy.'
However, Deloitte, the latter entity, says regulations don't mandate it to go beyond a basic examination of the books of accounts.
In today's dynamic economic landscape, commerce and management education is crucial for a global career, says Nayagam PP.
The SoP includes general principles, according to which, police responses must prioritise life safety, protection of rights, prevention of property damage, and de-escalation of potential conflicts.
The Union home ministry has recommended the special CAG audit taking note of a May 24 letter by Lieutenant Governor V K Saxena which pointed out 'gross and prima facie financial irregularities' in the 'reconstruction' of the chief minister's official residence, they claimed.
During 2023-24, while the BJP received over Rs 723 crore worth of donations from Prudent Electoral Trust, it also got over Rs 127 crore from Triumph Electoral Trust and over Rs 17 lakh from Einzigartig Electoral Trust.
'The LTTE were the pioneers of that.'
The National Financial Reporting Authority (NFRA) has issued guidelines to inspect select audit firms to identify areas and opportunities for improvement in the audit firm's system of quality control, a statement said. "Inspections will consist firm-wide review of audit quality and individual file reviews on test-check basis to evaluate the level of compliance with applicable auditing standards and quality control policy and processes," NFRA said. The selection of the audit firm or the auditor for such inspection by NFRA would be based on assessment of risks in the audit environment.
'This (crash) is one of those times where there is no concrete explanation yet for what happened. I think that adds to my parents' worry.'
