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In order to tackle the economic concentration of large audit firms, the ministry is seeking views from regulators if the number of audits under one audit firm or auditor could be reduced and whether the number of partners under one audit firm can be fixed.((Photo: iStock))

Govt mulls banning non-audit services by statutory auditors, breaking oligopoly of Big Four

By Gireesh Chandra Prasad | Livemint, New Delhi
UPDATED ON FEB 08, 2020 03:56 PM IST
At present, the Companies Act, 2013, prohibits statutory auditors from directly or indirectly offering eight specified services
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Indian cricketer Mahendra Singh Dhoni(HT Photo)
Indian cricketer Mahendra Singh Dhoni(HT Photo)

Amrapali made ‘sham agreements’ with firm linked to Dhoni: Auditors to SC

By Press Trust of India | New Delhi
UPDATED ON JUL 25, 2019 08:41 AM IST
The forensic audit report accepted by the top court on Tuesday said that Amrapali Sapphire Developers Pvt Ltd had paid Rs 6.52 crore, out of the total amount of Rs 42.22 crore, to RSMPL during 2009-2015.
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Desai has claimed that after the first audit in 2016, his firm had pointed out cracks in the parapets, railings along with broken stair treads and risers, to the BMC.(HT Photo)
Desai has claimed that after the first audit in 2016, his firm had pointed out cracks in the parapets, railings along with broken stair treads and risers, to the BMC.(HT Photo)

CSMT bridge collapse: Firm pointed out that FoB was weak, says auditor

By HT Correspondent | Hindustan Times, Mumbai
UPDATED ON MAY 14, 2019 08:28 AM IST
Last week, Azad Maidan police submitted its first charge sheet. The police have arrested four people, including 46-year-old Desai and Brihanmumbai Municipal Corporation (BMC) engineers.
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The FOB collapsed on March 14, killing seven people.(HT File)
The FOB collapsed on March 14, killing seven people.(HT File)

Mumbai bridge collapse: Auditor says his firm pointed out that FOB was weak

By Charul Shah | Hindustan Times, Mumbai
PUBLISHED ON MAY 14, 2019 01:10 AM IST
The police have arrested four people, including 46-year-old Desai and BMC engineers.
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The Azad Maidan police on Monday arrested Neeraj Desai, the structural auditor who had certified Himalaya Bridge near Chhatrapati Shivaji Maharaj Terminus (CSMT) — which collapsed last week — as “safe for use”.(Anshuman Poyrekar/HT)
The Azad Maidan police on Monday arrested Neeraj Desai, the structural auditor who had certified Himalaya Bridge near Chhatrapati Shivaji Maharaj Terminus (CSMT) — which collapsed last week — as “safe for use”.(Anshuman Poyrekar/HT)

CSMT bridge collapse: Auditor who marked bridge ‘safe’ held

By HT Correspondent | Mumbai
UPDATED ON MAR 19, 2019 08:37 AM IST
Six people were killed and 31 others injured after a slab of the arterial bridge, which connected CSMT to the other side of Dadabhai Naoroji (DN) Road, came crashing down on March 14.
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