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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Six years in, the audit regulator has settled into a pattern—stiff penalties for small firms and little more than strong words for their larger peers—that questions its very existence.
In April and May this year, India’s audit regulator slapped penalties on three firms in connection with audits of three of Anil Ambani’s companies—Reliance Capital Ltd and two of its subsidiaries, Reliance Home Finance Ltd and Reliance Commercial Finance Ltd—for the 2018-19 fiscal year. The firms penalized were Pathak H.D. and Associates, Shridhar and Associates and Dhiraj and Dheeraj.
Pathak H.D. was fined Rs 3 crore and two of its chartered accountants were told to pay Rs 1 crore and Rs 50 lakh, besides being debarred for 10 and 5 years. Shridhar and Associates was hit with a Rs …
While the regulator’s interim order alleges massive irregularities, the long arc of unfinished probes, hearings and appeals makes closure distant.
For far too long, the Dailyhunt parent has dodged questions around its grand numbers and claims. With accusations of fake business dealings with Builder.ai and recent auditor concerns, it’s time we get some answers.
While consulting remains the most sought-after career choice at top B-schools, the sector itself is experiencing its worst downturn in recent history.
