Deloitte, 2 former partners penalized over audit lapses
Mint Kolkata|December 25, 2024
The action stems from Deloitte's alleged failure to identify & report irregularities related to a ZEE FD in Yes Bank
Gaurav Laghate & Gireesh Chandra Prasad

The National Financial Reporting Authority (NFRA) has penalized audit firm Deloitte Haskins & Sells LLP, along with two of its senior partners, for alleged professional misconduct in the audit of Zee Entertainment Enterprises Limited (ZEEL) for FY18-19 and FY19-20.

The regulator has imposed fines totaling ₹2.15 crore and issued multi-year debarments to the partners involved. A penalty of ₹2 crore was imposed on the audit firm, an order signed by the NFRA on 23 December and published on its website showed.

This story is from the December 25, 2024 edition of Mint Kolkata.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the December 25, 2024 edition of Mint Kolkata.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM MINT KOLKATAView All
Mint Kolkata

Data rules draft: focus on minors, national security

A draft of rules for India's data protection law has proposed that parents mandatorily identify themselves before their children can join certain online platforms.

time-read
1 min  |
January 04, 2025
Mint Kolkata

Cold wave in North India to boost wheat, mustard crops

The drop in temperature does not bode well for crops like chickpea and potatoes in the plains

time-read
2 mins  |
January 04, 2025
Mint Kolkata

States' Q4 borrowing to rise 18% after Q2 growth slump

Capex boost likely as West Bengal, Maharashtra, Karnataka lead ₹4.73 tn borrowing plan

time-read
3 mins  |
January 04, 2025
Mint Kolkata

Rupee closes at new record low vs dollar

Reports of the central bank selling US dollars supported the rupee at lower levels, traders said

time-read
1 min  |
January 04, 2025
Mint Kolkata

Existing EV subsidies to stay, no new incentives

Commerce minister Piyush Goyal said on Friday existing subsidies for the electric vehicle (EV) ecosystem will continue for some time, citing broad consensus among the government, auto OEMs, and battery swapping companies that no new incentives or subsidies are required at this stage.

time-read
1 min  |
January 04, 2025
Mint Kolkata

Govt cuts gas allocation for LPG, diverts to city retailers

The government has slashed allocation of natural gas used for liquefied petroleum gas (LPG) production, and diverted the low-priced fuel to city gas retailers like Indraprastha Gas Ltd and Adani-Total Gas Ltd to meet part of their requirement for compressed natural gas (CNG)/piped cooking gas supplies, said an official order.

time-read
1 min  |
January 04, 2025
Mint Kolkata

PNG, CNG Consumers to Get Uniform Insurance Cover

Although CNG Users Report More Accidents, Instances of Pipeline Leaks at PNG Households Were Reported

time-read
2 mins  |
January 04, 2025
Mint Kolkata

India's market cap share globally dips from record highs

India's share in global market capitalization dipped to 4.2% in December from its August peak of 4.6%, as global equity markets faced turbulence, showed an analysis by Motilal Oswal Financial Services Ltd.

time-read
2 mins  |
January 04, 2025
Mint Kolkata

Pharma Teachers Faking Profiles to Be Blacklisted

Pharmacy Council of India Identified 45,355 Cases of Duplicate Profiles on Digi-Pharmed Portal Using Same Aadhaar and PAN

time-read
1 min  |
January 04, 2025
Mint Kolkata

PM E-Drive e-bus subsidy to be rolled out from March

Govt to initiate bidding process after working out demand via state, city transport utilities

time-read
2 mins  |
January 04, 2025