Before resigning as an auditor of an Adani Group firm, Deloitte had sought an independent external examination of allegations made by a US short-seller but the company said the allegations had no effect on financial statements and the reasons cited for quitting were not convincing to warrant such a move.
In a 163-page filing with stock exchanges relating to Deloitte Haskins & Sells LLP s resignation, Adani Ports and Special Economic Zone (APSEZ) said that in meetings with its leadership, Deloitte indicated concern over a lack of a wider audit role as auditors of other listed Adani companies.
However, the firm conveyed to the auditor that it was not within its remit to recommend such appointments as other entities are completely independent .
Gautam Adani’s ports business appointed MSKA & Associates as its statutory auditors after Deloitte Haskins & Sells LLP resigned, a move that may again put the…
Deloitte resigns as statutory auditor of Adani firm weeks after it flagged concerns over report by Hindenburg Research thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.
Deloitte Haskins & Sells LLP is set to resign as auditor for Adani Ports & SEZ in the next few days just a year after its reappointment amid differences with the company management over the auditors position on certain transactions, said multiple people aware of the development.
Mahua Moitra warned investors after reports claimed that Deloitte Haskins & Sells LLP, the auditor of Adani’s ports business, is planning to resign. | Latest News India