According to reports, an anonymous group that calls itself "ethical employees" have written to the Infosys Board as well as American regulator US Securities and Exchange Commission with the allegations. They have claimed that they have emails and voice recordings to substantiate the same.
The ICC Board will now begin the process to identify Allardice's successor.
'The IOA has no jurisdiction over the conduct of elections for NSFs, yet this order has been issued in a manner that clearly questions its intent.'
The counting of VVPAT slips aims to verify the tally of votes recorded EVMs against the corresponding VVPAT slips, the ECI said, adding that representatives of candidates were present throughout the process.
The founder of FIITJEE and 11 others have been booked after several of the coaching institute's centres in Delhi-NCR abruptly shut down, leaving students and parents in the lurch. FIITJEE has blamed the closures on "mismanagement and desertion" by managing partners, while students and parents allege non-payment of salaries and fraudulent practices. The institute claims it is pursuing legal action against competitors for alleged poaching of its faculty.
Singapore-based fashion technology startup Zilingo on Friday said it has sacked Indian-origin co-founder and CEO Ankiti Bose following an independent forensic audit into complaints of serious financial irregularities. On March 31, Bose was placed under suspension following complaints of alleged discrepancies in the company accounts. "Following an investigation led by an independent forensics firm that was commissioned to look into complaints of serious financial irregularities, the company has decided to terminate Ankiti Bose's employment with cause, and reserves the right to pursue appropriate legal action," Zilingo said in a statement.
'At the airport, some people held me like a mother holds her child's cheeks. I have never experienced these kinds of things.'
The auditor of ABG Shipyard, which is being probed by the Central Bureau of Investigation (CBI) for the Rs 23,000-crore default to banks, had settled an investigation by the Securities and Exchange Board of India (Sebi) by paying a small settlement fee in 2019. The regulator had initiated an investigation into the fund diversion from ABG Shipyard and had asked the auditor to explain why it failed to detect fund diversion in time. In his settlement application, auditor MN Ahmed, partner of Nisar & Kumar, a chartered accountant firm, said he ceased to be an Indian citizen and has retired from the profession.
Here's what you must know about the new rule, its implications, and whether it affects taxpayers' rights and privacy.
'Konkona just walked up, and both of us froze. She was tearing up, and I was like this is unbelievable.' 'We had Tannishtha Chatterjee, Divya Dutta, Rasika Dugal, Dia Mirza... women I've idolised.'
'A struggling actor once came to me and told me there's no work.' 'I said when there's no work, that's when you have a lot of work.' 'He said he didn't understand.' 'I explained that you have to keep reading, watching, writing, traveling.' 'It is like riyaaz for an actor.'
'There has been a spurt of algo platforms, and algo developers, which are neither empaneled nor regulated, but are still active in the ecosystem.'
'It's always the men who are going crazy, barbaad. They never show a woman going crazy like that.' 'A woman has to be very proper, sitting on a swing, crying.'
An initial audit report estimating Rs 10.67 lakh crore loss to the exchequer on account of allotment of coal blocks during 2004 to 2009 without auction caused an uproar in the Parliament and was described as "exceedingly misleading" by the CAG himself.
An Income-Tax Department internal committee reviewing the old direct tax law to pave the way for a new one has "largely" received suggestions for "simplifying" the language, better "structuring" the provisions and enlarging the ambit of schemes like presumptive taxation, CBDT chairman Ravi Agrawal said Sunday. Speaking to PTI during a post-Budget interview at his North Block office, Agrawal said the panel also "studied" the deliberations and processes of countries like the UK, Australia and some others where a similar tax law simplification exercise was undertaken.
Aviation watchdog DGCA has issued a warning letter to Akasa Air's accountable manager Vinay Dube, who is also its founder and CEO, for regulatory lapses, days after the airline was warned for violating norms related to handling dangerous goods.
Former Windies great Michael Holding alleges corruption in CWI. I am a past player, not that I want any of it but I know a lot of past players, I have never heard that not even one cent out of that half a million going to any past player, said the former Windies great.
'I'm slowly trying to separate my body, the shape and size of it, from my self-worth.'
The "unknown" sources are income declared in the annual audit report by these parties but without giving the source of income, according to the ADR.
ICAI president Uttam Prakash Agarwal said the new board, to be called the Review Reporting Board, will have powers to examine even unlisted firms. Currently, the Financial Reporting Review Board, which was set up in 2004 to monitor and regulate the functioning of CAs in the country, picks up audit reports of about 50-60 listed companies and non-government organisations to see whether procedures are being followed.
'There is simply too much to watch, read and absorb.' 'Just online consumption (news, entertainment, social media) in India was 2.5 hours a day in November 2024.' 'Add TV (just under 4 hours), other media, and the figure is closer to 7 to 8 hours a day for over one-third of Indians,' points out Vanita Kohli Khandekar.
Khattar also asked the local administration to identify all such buildings through the town and country planning department or the residents' welfare associations and get their audits done at the builders' expense.
The CAG audit may look into expenditure on printing of notes, RBI dividend payout and banking transaction data.
Audit firm Deloitte has resigned as auditors of Byju's citing a delay in submission of financial statements while almost simultaneously three of the edtech firm's board members have quit in what is being seen as a deepening crisis at the decacorn. Deloitte Haskins & Sells, which was slated to audit Byju's until 2025, stepped down with "immediate effect" mid-term stating that "the financial statements of the company are long delayed. In a letter sent to the board of Think & Learn Pvt Ltd (known as Byju's), Deloitte said it has not been able to start an audit due to the delays and that will have a "significant impact" on its ability to "plan, design perform and complete" the audit as per standards.
'You're going to have your own journey and that can be very beautiful.' 'It can also be very terrifying because there is no precedence.'
'I believe India is very different from Bombay, Delhi and Kolkata.'
In fresh embarrassment to the erstwhile United Progressive Alliance regime, particularly to former Prime Minister Manmohan Singh, former Comptroller Auditor General Vinod Rai has claimed that coalition functionaries had deputed politicians to get him leave out names from the audit reports in the Coalgate and Commonwealth Games scams.
'But when we actually express ourselves, sometimes our parents can surprise us, because they just love their children.' 'Sometimes it's just that simple. That is what I wanted to show in this film.'
'The Zomato delivery guy wants to click a picture with you.' 'My car has gone for servicing so I ended up going in rickshaws and they recognise me from ads.' 'When I'm walking my dog, people stop by and say, "Oh, we loved you in Bigg Boss.' 'I was shooting for Housefull in a village and there, people were coming over and clicking pictures with me.'
He said that as compared to global models costing 2.5 to 3 US dollars per hour usage, India's AI model will cost less than less than Rs 100 per hour (1.16 US dollars per hour) after 40 percent government subsidy.
They stated that when a soldier fights for the nation, he does so not as a Hindu, Muslim, or any other religion, but as a patriot.
Instead of only government departments and state-owned undertakings, the CAG can now audit private companies, too.
'When The Mehta Boys was offered to me, I wasn't very sure.' 'I was doing Bambai Meri Jaan and Khakee at that point. I felt I should do something bigger.' 'I felt a soft film is not what I would want to do.'
Sebi's surveillance department has red-flagged unusual trading patterns in some stocks. Shares of some companies were seen going up ahead of a sharp sell-off.
In a first, the Comptroller and Auditor General's (CAG) officers reached out to several ministries in the last week of April as part of a confidence-boosting measure. The meeting brought the CAG officials and those from the ministries across the table to discuss the pain points in their relations. CAG of India Girish Chandra Murmu took this novel step because of growing tensions between those audited and the auditor.
Jet has come under regulatory scrutiny twice this year.
The incident sparked a political blame game in the state where bypolls to nine assembly seats will be held on November 20. Opposition parties blamed the BJP government in the state and said the deaths raise serious questions about the negligence of the administration.
Experts say, auditors must not allow themselves to be intimidated by the client management into conducting audits by conversation. It is important for auditors to conduct proper interviews and ask probing and searching questions.
PriceWaterhouse on Wednesday said its Bangalore unit audited the accounts of scam-hit Satyam Computer and was now cooperating with a probe by regulator SEBI, thus quashing reports that it was distancing itself from the multi-crore accounting fraud.
'When you are not from this industry, you have to take everything really, really seriously.'
