Financial Audit
- All
- News
- Videos
-
'Can't Remain Silent': Court As SEBI Withdraws From Audit In Rose Valley Scam
SEBI has said it can't conduct a forensic audit into alleged financial irregularities by the committee headed by Justice (Retd) Dilip Seth, which was formed to oversee the refund of investors' money in the Rose Valley chit fund scam.
-
Government Makes Cybersecurity Audits Mandatory for Crypto Exchanges Due to Rising Risks
India has made cybersecurity audits mandatory for cryptocurrency exchanges, custodians, and intermediaries following a surge in cyber heists. The Financial Intelligence Unit-India (FIU-IND) has directed firms to hire CERT-In-approved auditors as part of compliance under the PMLA. Industry leaders welcomed the move as a step toward stronger safeguar...
-
Binance Australia Must Conduct Audit Over Anti-Money Laundering Concerns, AUSTRAC Says
Australia’s financial crimes regulator, AUSTRAC, has directed Binance Australia to appoint an external auditor within 28 days after raising concerns about its anti-money laundering and counter-terrorism financing controls. The regulator cited gaps in governance, limited independent review scope, and high staff turnover. AUSTRAC said global crypto...
-
Audit Report Flags Financial Stress From Congress Guarantee Schemes In Karnataka
Karnataka's finance audit report, prepared by the Comptroller and Auditor General of India, was tabled in the Karnataka Assembly today.
-
Delhi Orders 20-Year Audit of Arbitration Cases Amid Public Funds Misuse Concern
The Delhi government has ordered an audit of arbitration cases involving claims of over Rs 1 crore filed against it in the last two decades in a move to tighten financial oversight and plug legal loopholes.
-
EY Slapped With Nearly 5-Million-Pound Penalty Over Thomas Cook Audits
The UK watchdog, the Financial Reporting Council, slapped the fine on the company while one of its partners Richard Wilson, who was in charge of the 2017 and 2018 audits, was fined 105,000 pounds.
-
Trump Family's World Liberty Financial Crypto Venture to Launch Stablecoin
Donald Trump's World Liberty Financial will launch a dollar-pegged USD1 stablecoin. USD1 will be launched on the Ethereum and Binance Smart Chain blockchains - digital ledgers that underpin the movement of crypto coins.
-
Forest Funds Used For Buying iPhones, Laptops In Uttarakhand: CAG Report
A central audit has found massive financial irregularities in Uttarakhand, including the use of funds meant for forest conservation for buying iPhones and office decor items, besides the violation of other rules.
-
Ola Electric Opens 3,200 Stores Amid Year of Consumer Complaint Woes
Ola Electric has increased the number of showrooms and service centers to 4,000, Ankush Aggarwal, group head of financial services and retail auto business, said at an event Wednesday.
-
Deloitte Fined Rs 2 Crore Over Lapses In Zee Audit. Here Are Other Cases
NFRA has fined Deloitte Haskins & Sells LLP of Rs 2 crore for alleged lapses in auditing Zee during the 2018-19 and 2019-20 financial years.
-
Explained: Why Deloitte Faced Rs 2 Crore Penalty Over Zee Audit
The National Financial Reporting Authority (NFRA) has slapped a penalty of Rs 2 crore on Deloitte Haskins & Sells LLP, along with a fine on two chartered accountants for lapses in the audit of Zee Entertainment Enterprises Ltd (ZEEL).
-
Financial Watchdog NFRA Fines Deloitte Rs 2 Crore Over Zee Audit
The National Financial Reporting Authority (NFRA) has imposed a fine of Rs 2 crore on Deloitte Haskins & Sells LLP as well as penalties on two chartered accountants for lapses in the auditing of Zee Entertainment Enterprises Ltd
-
CCI Rejects Apple Request to Put Antitrust Report on Hold
The CCI internal order showed that Apple in November alleged that the main complainant in the antitrust investigation - Indian non-profit Together We Fight Society (TWFS) - had not complied with the directives to give an assurance that the old investigation reports had been destroyed.
-
SpiceJet Faces Spot Checks, Night Surveillance Over Cancellations
SpiceJet, for the second time in two years, has been placed under "enhanced surveillance" by the Directorate General of Civil Aviation following reports of cancelled flights and financial stress.
-
South Korea Initiates Crackdown on Suspicious Crypto Activities
On Thursday, July 4, the Financial Supervisory Service of Korea released a statement alerting all crypto exchanges to ramp up transaction monitoring on their respective platforms. This move from South Korea comes as the country’s Virtual Asset User Protection Act is ready to go into effect on July 19.
-
'Can't Remain Silent': Court As SEBI Withdraws From Audit In Rose Valley Scam
SEBI has said it can't conduct a forensic audit into alleged financial irregularities by the committee headed by Justice (Retd) Dilip Seth, which was formed to oversee the refund of investors' money in the Rose Valley chit fund scam.
-
Government Makes Cybersecurity Audits Mandatory for Crypto Exchanges Due to Rising Risks
India has made cybersecurity audits mandatory for cryptocurrency exchanges, custodians, and intermediaries following a surge in cyber heists. The Financial Intelligence Unit-India (FIU-IND) has directed firms to hire CERT-In-approved auditors as part of compliance under the PMLA. Industry leaders welcomed the move as a step toward stronger safeguar...
-
Binance Australia Must Conduct Audit Over Anti-Money Laundering Concerns, AUSTRAC Says
Australia’s financial crimes regulator, AUSTRAC, has directed Binance Australia to appoint an external auditor within 28 days after raising concerns about its anti-money laundering and counter-terrorism financing controls. The regulator cited gaps in governance, limited independent review scope, and high staff turnover. AUSTRAC said global crypto...
-
Audit Report Flags Financial Stress From Congress Guarantee Schemes In Karnataka
Karnataka's finance audit report, prepared by the Comptroller and Auditor General of India, was tabled in the Karnataka Assembly today.
-
Delhi Orders 20-Year Audit of Arbitration Cases Amid Public Funds Misuse Concern
The Delhi government has ordered an audit of arbitration cases involving claims of over Rs 1 crore filed against it in the last two decades in a move to tighten financial oversight and plug legal loopholes.
-
EY Slapped With Nearly 5-Million-Pound Penalty Over Thomas Cook Audits
The UK watchdog, the Financial Reporting Council, slapped the fine on the company while one of its partners Richard Wilson, who was in charge of the 2017 and 2018 audits, was fined 105,000 pounds.
-
Trump Family's World Liberty Financial Crypto Venture to Launch Stablecoin
Donald Trump's World Liberty Financial will launch a dollar-pegged USD1 stablecoin. USD1 will be launched on the Ethereum and Binance Smart Chain blockchains - digital ledgers that underpin the movement of crypto coins.
-
Forest Funds Used For Buying iPhones, Laptops In Uttarakhand: CAG Report
A central audit has found massive financial irregularities in Uttarakhand, including the use of funds meant for forest conservation for buying iPhones and office decor items, besides the violation of other rules.
-
Ola Electric Opens 3,200 Stores Amid Year of Consumer Complaint Woes
Ola Electric has increased the number of showrooms and service centers to 4,000, Ankush Aggarwal, group head of financial services and retail auto business, said at an event Wednesday.
-
Deloitte Fined Rs 2 Crore Over Lapses In Zee Audit. Here Are Other Cases
NFRA has fined Deloitte Haskins & Sells LLP of Rs 2 crore for alleged lapses in auditing Zee during the 2018-19 and 2019-20 financial years.
-
Explained: Why Deloitte Faced Rs 2 Crore Penalty Over Zee Audit
The National Financial Reporting Authority (NFRA) has slapped a penalty of Rs 2 crore on Deloitte Haskins & Sells LLP, along with a fine on two chartered accountants for lapses in the audit of Zee Entertainment Enterprises Ltd (ZEEL).
-
Financial Watchdog NFRA Fines Deloitte Rs 2 Crore Over Zee Audit
The National Financial Reporting Authority (NFRA) has imposed a fine of Rs 2 crore on Deloitte Haskins & Sells LLP as well as penalties on two chartered accountants for lapses in the auditing of Zee Entertainment Enterprises Ltd
-
CCI Rejects Apple Request to Put Antitrust Report on Hold
The CCI internal order showed that Apple in November alleged that the main complainant in the antitrust investigation - Indian non-profit Together We Fight Society (TWFS) - had not complied with the directives to give an assurance that the old investigation reports had been destroyed.
-
SpiceJet Faces Spot Checks, Night Surveillance Over Cancellations
SpiceJet, for the second time in two years, has been placed under "enhanced surveillance" by the Directorate General of Civil Aviation following reports of cancelled flights and financial stress.
-
South Korea Initiates Crackdown on Suspicious Crypto Activities
On Thursday, July 4, the Financial Supervisory Service of Korea released a statement alerting all crypto exchanges to ramp up transaction monitoring on their respective platforms. This move from South Korea comes as the country’s Virtual Asset User Protection Act is ready to go into effect on July 19.
