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Consultancy / Audit
Regulator raps auditor for not flagging IL&FS arm's financial health
The audit firm, which is part of the EY India network, did not issue proper red flags in critical areas like going concern, evaluation of ITNL's investments and loans among other things, the National Financial Reporting Authority (NFRA) said in a 343-page report.
Law firms bid to work on India's LIC IPO as government sweetens terms
LIC’s IPO plans have attracted a lot of interest from investment bankers and the government has chosen 10 investment banks to work on it.
NFRA pulls up SRBC & Co for ITNL audit
The report said that the audit firm has to be independent and has violated several regulations mandated for the audit firms. NFRA, part of the Ministry of Corporate Affairs (MCA), in a 343-page report on Thursday said that the audit firm did not issue proper red flags in critical areas like going concern, evaluation of ITNL’s investments and loans among other things.
Babus in high demand: Big 4, professional services firms start roping in govt officials
The Big Four are said to have 40-60 ex-government employees on their rolls or engaged in advisory capacity—and the numbers are rising. In many cases the consultancy firms are offering benefits to government officials so that they can take an early retirement, or in some cases reject extension offers.
Price Waterhouse looking to set up base in GIFT city amid influx of MNCs
The affiliate of PricewaterhouseCoopers is looking to rope in senior executives and partners who will look after the operations from the financial centre near the Gujarat capital of Gandhinagar.
Supreme audit institutions can become partners in evaluating resources, economy: CAG
Stating that protection of the environment requires collaboration across boundaries, he assured that SAI India will strive to make ASOSAI a model organisation and encourage its members to act in a spirit of global partnership.
Union Cabinet clears signing pact between ICAI, CAAR
The Institute of Chartered Accountants of India (ICAI) is a statutory body. The CAAR was set up to regulate the audit profession in Azerbaijan. The signing of the MoU was cleared by the Cabinet, chaired by Prime Minister Narendra Modi.
Khaitan & Co expands its regional presence in Chennai by bringing Assentio Legal within its fold
Assentio Legal, founded by partners Thriyambak Kannan, Rohan Cherian and Renu Gopalakrishnan have joined Khaitan & Co with their team of associates and support staff at the company's offices in Chennai and Bengaluru.
PwC India will be a billion dollar plus firm by 2027: Sanjeev Krishan
PwC will invest more than Rs 1,600 crore and hire over 10,000 professionals in its India practice over the next five years to implement a new growth strategy.
ICAI to come out with eight new forensic accounting, investigation standards
The new forensic audit standards are likely to render several existing forensic audit reports untenable, especially where lenders have used ambiguous and inconclusive reports to classify borrower loan accounts as fraud.
RITES Q1 results: Net profit grows 20% to Rs 78 crore
Its total income in the said quarter reduced to Rs 377.26 crore, from Rs 379.04 crore in the year-ago quarter. The company's total expenditure was at Rs 271.66 crore, lower compared to Rs 289.78 crore in the corresponding quarter of preceding financial year.
New strategy: PwC India to create 10,000 additional jobs in the next 5 years
The strategy aims to build on and further enable the economic growth cycle that India will see in the coming years and help clients build trust and deliver sustained outcomes.
PwC India to invest Rs 1,600 crore, create 10,000 additional jobs over 5 years
PwC said in the next five years, it will seek to enhance focus on existing tech-led alliances and explore avenues in areas of emerging technologies and work towards a minimum of 40 per cent gender diversity.
Axis My India plans to invest Rs 500 crore in tech platform, to connect 25 crore households
Founded in 1998, the company is known for conducting surveys during general and Assembly elections through which it claims to have reached out to around 8.5 crore households.
Demand for consultants, lawyers at all-time high as companies chart out business transformation post pandemic
This is leading to an all-time high demand for consultants and lawyers even as hiring still continues to be muted in several other sectors as an aftermath of the pandemic, said industry experts.
Rajat Dhawan elected McKinsey India managing partner
Dhawan will be the sixth managing partner to take the McKinsey India corner office since 1992, after Tinu Puri, Ranjit Pandit, Adil Zainulbhai, Noshir Kaka and Gautam Kumra.
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