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Accounting

China tightens oversight of foreign accounting firms' domestic operations

Foreign accounting organisations are subject to "supervision and management" by the authorities including the finance ministry and public securities bureau

China tightens oversight of foreign accounting firms' domestic operations
Updated On : 19 Dec 2024 | 12:30 PM IST

Mitigate accounting, disclosure and governance risks with ESG funds

Globally, regulators, rating agencies, and institutional investors have led the charge in promoting ESG investing

Mitigate accounting, disclosure and governance risks with ESG funds
Updated On : 17 Oct 2024 | 11:27 PM IST

Six years on, NFRA remains key to restoring trust in financial reporting

The primary objective of the NFRA has been to strengthen the financial ecosystem and ensure the credibility of financial statements

Six years on, NFRA remains key to restoring trust in financial reporting
Updated On : 23 Sep 2024 | 9:58 PM IST

EY employee death fallout: Deloitte forms panel to review people practices

Amid a social media storm over the death of a young employee at tax consultancy major EY allegedly due to work pressure, Deloitte has formed a three-member external committee, which includes former revenue secretary Tarun Bajaj, to look into practices, policies and processes concerning employees, its South Asia CEO Romal Shetty said on Friday. Shetty said to manage the work pressure within the organisation and have an open work culture, Deloitte has a chief happiness officer and takes strictest action for any bad behaviour within the organisation. Deloitte is one of the four major global tax consultancy firms. Besides Deloitte and EY, the other major firms are PwC and KPMG. "... Very unfortunate, very tragic, young child losing her life. We are in the client service business and in the client service business there will always be deadlines... having all of those pressures," Shetty told PTI in an interview. Anna Sebastian Perayil, who passed her CA exam in 2023 and worked at EY Pune

EY employee death fallout: Deloitte forms panel to review people practices
Updated On : 21 Sep 2024 | 12:18 AM IST

NFRA issues revised audit standards to address deficient quality

The revised standards deal with special considerations that apply to an audit of group financial statements

NFRA issues revised audit standards to address deficient quality
Updated On : 18 Sep 2024 | 12:17 AM IST

Account aggregator ecosystem clocks 100 million consents on framework

With 1059% growth, India's AA ecosystem is the fastest growing open finance ecosystem in the world

Account aggregator ecosystem clocks 100 million consents on framework
Updated On : 20 Aug 2024 | 9:14 PM IST

Govt needs to adopt granular approach to support biz: PwC Chairman Krishan

The Modi 3.0 government needs to adopt granular and tailored approach to support small businesses and promote job creations to make the economic growth more inclusive, said PwC in India Chairperson Sanjeev Krishan. Supporting the development of ancillary industries, and sharper focus on urban and rural development projects as part of infrastructure creation should be other priorities of the government, Krishan said. "Prioritising job creation and productivity improvement is crucial for the new government to ensure inclusive growth," he told PTI. He noted that over the past decade, improvements in ease of doing business (EoDB) along with better infrastructure and credit access have removed several obstacles. "What would now be important will be to support job creation/increasing trade in smaller pockets with a granular and tailored approach. Simultaneously, increasing productivity would be equally important. Regulatory support and incentivisation, including PLI schemes, can help dri

Govt needs to adopt granular approach to support biz: PwC Chairman Krishan
Updated On : 12 Jun 2024 | 10:45 PM IST

KPMG, Deloitte affiliates hit with US civil penalties for exam cheating

The PCAOB permanently barred the KPMG Netherlands' former head of assurance Marc Hogeboom from the industry, chair Erica Williams said

KPMG, Deloitte affiliates hit with US civil penalties for exam cheating
Updated On : 10 Apr 2024 | 9:52 PM IST

British accounting watchdog fines KPMG $1.9 mn over Saatchi audit failings

KPMG and its partner Adrian Wilcox failed to audit with sufficient professional skepticism, according to the Financial Reporting Council, which published a decision notice on Monday

British accounting watchdog fines KPMG $1.9 mn over Saatchi audit failings
Updated On : 04 Mar 2024 | 3:54 PM IST

Mystery thickens in Zee fund diversion case amid reports of accounting hole

Stock tanks 14% amid reports of 10x fund diversion; Sebi final order expected by mid-April

Mystery thickens in Zee fund diversion case amid reports of accounting hole
Updated On : 21 Feb 2024 | 10:55 PM IST

Zee refutes report of Rs 2,000 crore accounting 'hole', calls it 'false'

A report on Wednesday said that the market regulator has found a "hole" of more than Rs 2,000 crore in the accounts of Zee Entertainment Enterprises Ltd

Zee refutes report of Rs 2,000 crore accounting 'hole', calls it 'false'
Updated On : 21 Feb 2024 | 11:13 AM IST

Banks may increase HTM holdings to reduce treasury book volatility

Although sales from the HTM category are still permitted, internal reclassifications can now only occur under exceptional circumstances

Banks may increase HTM holdings to reduce treasury book volatility
Updated On : 13 Sep 2023 | 10:05 PM IST

Fintech firm Enkash launches automated financial solution Olympus

The company said businesses can onboard themselves with a two-step process 'without disrupting their accounting, policies, processes & banking relationships'

Fintech firm Enkash launches automated financial solution Olympus
Updated On : 13 Jul 2023 | 11:51 PM IST

Women's enrollment in finance, account courses increases by 25%: Study

Furthermore, the demand for finance and accounting courses experienced a substantial growth of 40% in 2022

Women's enrollment in finance, account courses increases by 25%: Study
Updated On : 13 Jun 2023 | 7:03 PM IST

Beyond the financial system: Will AA framework be a game-changer in India?

The Account Aggregator framework is being adopted across sectors, including in verifying the employment status of newly skilled workers

Beyond the financial system: Will AA framework be a game-changer in India?
Updated On : 28 May 2023 | 7:17 PM IST

ICMAI CMA rank list 2023 released, check complete details

In the ICMAI CMA rank list 2023, the first four candidates topped are males and the fifth one is a female

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Updated On : 23 Mar 2023 | 1:09 PM IST

Accounting practices at start-ups in India come under the scanner

Where valuation has overpowered value and revenue recognition is a grey area, new accounting metrics is seeing new-age ventures jump through hoops

Accounting practices at start-ups in India come under the scanner
Updated On : 26 Jan 2023 | 10:31 PM IST

US-based Hindenburg Research accuses Adani Group of share rigging, fraud

Adani group questions report's timing, calls it malicious

US-based Hindenburg Research accuses Adani Group of share rigging, fraud
Updated On : 25 Jan 2023 | 10:59 PM IST

Uniqus Consultech raises $12.5 mn, eyes $100 mn revenues in next 5 years

The company plans to invest the funds raised in technology and scaling up business across India, US and Middle East

Uniqus Consultech raises $12.5 mn, eyes $100 mn revenues in next 5 years
Updated On : 08 Dec 2022 | 7:44 PM IST

Huge impact of CAs on businesses can save the world: Julia Penny of ICAEW

In a Q&A, the head of the apex body of chartered accountants in the UK discusses the challenge of sustainability and other issues her tribe faces across the globe

Huge impact of CAs on businesses can save the world: Julia Penny of ICAEW
Updated On : 21 Nov 2022 | 9:12 PM IST