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NFRA slaps 1-year ban, imposes fine on auditor for lapses in SRS Ltd audit

In its order, the audit regulator slapped a fine of Rs 1 lakh on Apoorve Bansal of SVP & Associates, who was the Engagement Quality Control (EQC) reviewer for the statutory audit of SRS Ltd. Besides, Bansal was also debarred for one year from undertaking any audit in respect of financial statements or internal audit of the functions and activities of any company or body corporate, the regulator said in an order on Tuesday. ....

Apoorve Bansal , Naresh Kumar , Pankaj Kumar , Engagement Team , Serious Fraud Investigation Office , National Financial Reporting Authority , Engagement Quality Control , Corporate Insolvency Resolution Process , Engagement Partner , Srs Ltd , Srs Group , Eqc Reviewer ,

NFRA flags lapses in FY18 audit of IL&FS firm, claims losses were understated

NFRA flags lapses in FY18 audit of IL&FS firm, claims losses were understated
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National Financial Reporting Authority , Il Fs Transportation Networks Ltd , Networks Ltd , Audit Quality Review Report , Expected Credit Loss , Engagement Quality Control ,