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NFRA unrelenting, to inspect top auditors again

NFRA unrelenting, to inspect top auditors again
financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.

Big six corner most of auditing business in Nifty-500 universe

According to the report, of all the companies with equity shares listed on the NSE main board, the Big 6 Indian audit firms secured 637 assignments out of 1,961. This accounted for approximately 32.48% of the total, up slightly from 32.14% the previous fiscal year. Auditor details were missing for 47 organisations. A key standout has been the strong performance of Grant Thornton and MSKA affiliates who have established themselves as strong alternatives to the Big Four firms in audit business.

Morning Brief Podcast: Is India s audit profession at a point of inflection? The challenges and the future

India s audit profession is at a critical juncture. From risks rising for auditors, increased public scrutiny, audit fees becoming a bone of contention and a decline in students pursuing Chartered Accountancy.. the list of challenges galore. However, the National Financial Reporting Authority (NFRA) is driving positive change, and the demand for specialized forensic audits is growing. Host Kiran Somvanshi explores the challenges and the rewards of this profession with Vishesh Chandiok, CEO - Grant Thornton Bharat LLP. They also discuss the impact of new technologies that are revolutionizing the field and whether a career as a Chartered Accountant is still worth it? Tune in to the latest episode of The Morning Brief podcast!

D2C wellness Zingavita raises ₹10 crore in pre-series A Round led by Anicut Capital

D2C wellness Zingavita raises ₹10 crore in pre-series A Round led by Anicut Capital
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.

GT audit lapses: NFRA flags audit lapses by Walker Chandiok, releases inspection report

The National Financial Reporting Authority (NFRA) has issued an inspection report on audit firm Walker Chandiok & Co LLP (WCCL), highlighting lapses such as the lack of integration between electronic and paper files and the provision of non-audit services prohibited under the Companies Act, 2013. The report also highlighted the existence of related entities of WCCL, Grant Thornton Bharat LLP (GTBL), Grant Thornton Advisory Private Ltd (GTAPL) which are part of a large global "GTIL Network" as per the standard on Quality Control (SQC) 1.

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