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Audit Correspondent

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Audit Correspondents report on the violations related to auditor regulations and their impact on the economy.

SEBI Slaps Nissan Copper in GDR Subscription scam

Securities Exchange Board of India banned the Nissan Coppers Limited and its promoters Ratanlal Mardia, Atul MArdia and Praveen Shah from raising...

SEBI Slaps fine on MD of Acclaim Industries in Insider Trading

Securities Exchange Board of India slaps fine of Rs. 42 lacs on Abhishek Mehta who was the Managing Director and promoter of...

Proposed FATCA amendmends in 2019

Under FATCA and its implementing regulations, an entity is an "investment entity" (and, therefore, a financial institution potentially subject to FATCA) if...

SEC Impose $102K Fine on KSM

The U.S. Securities and Exchange Commission has sanctioned Indianapolis-based accounting firm Katz, Sapper & Miller LLP and one of its partners, Scott...
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Ex-Partners of RSSM fined by SEC for deficient audit

Mitchell J. Rubin and Michael Bernstein in their capacities as former partners of Rosen, Seymour, Shapps, Martin & Company, LLP (“RSSM”),...
crowe

Crowe Horwath fined for failure to respond to fraud risk

The SEC Order also contends Crowe Horwath LLP had an ongoing direct business relationship with Corporate Resource Services, which compromised the audit...
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How the global firms are checking regulations applicable to Auditors

External Auditor’s opinion play a very important role in the global capital markets system. A third party opinion on the representations made in a...
NFRA

NFRA to be the regulator largely for the Big Four Audit...

As per the newly notified rules, the National Financial Reporting Authority will have the power to monitor and enforce compliance with accounting standards and...

Why NFRA is important to keep check on Auditors Integrity

Background Hon. Prime Minister of India made the announcement on the occasion of the foundation day of the Institute of Chartered Accountants of India, which...
aadhar

Apex court verdict on Aadhar would affect Regtech companies in India

Aadhar is considered to be one of the most important documents in the process of Knowing Your Customers. Banks and Telecom companies, ecommerce companies,...