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......

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......

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......

SpiceJet hits air pocket as losses mount

On a full year basis, SpiceJet 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.......