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Reserve Bank Of India Bans Audit Firm Haribhakti & Co For Undertaking Audits For 2 Years

RBI has taken this action against the firm for failure to comply with a specific direction issued by the central bank for its statutory audit of a Systemically Important NBFC.

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RBI Bans Haribhakti & Co from Auditing Entities for 2 Years

The Reserve Bank of India (RBI) has announced that Chartered Accountants major Haribhakti & Co has been.

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RBI Bans Haribhakti & Co From Undertaking Audits For Two Years

The Reserve Bank of India (RBI) on Tuesday said it has debarred chartered accounting firm Haribhakti & Co from undertaking any type of audit assignments in any of the entities regulated by the central bank. The ban will be for a period of two years with effect from April 1, 2022.

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MIL-OSI Banking: Action against Statutory Auditors of NBFC under section 45MAA of RBI Act, 1934

MIL-OSI Banking: Action against Statutory Auditors of NBFC under section 45MAA of RBI Act, 1934
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In a first, RBI imposes two-year ban on Haribhakti & Co from auditing regulated entities

In a first, RBI imposes two-year ban on Haribhakti & Co from auditing regulated entities - This is the first time when RBI has taken this action against an auditor of a systematically important NBFC.

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