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Deloitte's appointment as statutory auditor of IL&FS in 2017-18 'illegal': NFRA


Deloitte s appointment as statutory auditor of IL&FS in 2017-18 illegal : NFRA
National Financial Reporting Authority conducted an Audit Quality Review (AQR) of the statutory audit of IFIN for 2017-18 period. The AQR Report was issued on December 12, 2019
PTI | December 11, 2020 | Updated 09:51 IST
According to the SAQRR, the appointment of Deloitte Haskins and Sells LLP (DHS) as the statutory auditor of IFIN for the year 2017-18 was illegal , since the entity was not eligible to be appointed as an auditor due to violations
The National Financial Reporting Authority (NFRA) has said that appointment of Deloitte Haskins and Sells LLP as the statutory auditor of IL&FS Financial Services Ltd (IFIN) for 2017-18 was illegal . The latest conclusions are part of the Supplementary Audit Quality Review Report (SAQRR) dated December 7, 2020. ....

Deloitte Haskins , National Financial Reporting Authority , Il Fs Financial Services Ltd , Services Ltd , Supplementary Audit Quality Review Report , Audit Quality Review , Companies Act , Engagement Quality Control Review , Audit File , Wipro Infra , டெலோய்ட்டே ஹஸ்கின்ஸ் , தேசிய நிதி புகாரளித்தல் அதிகாரம் , நான் L ஃப்ஸ் நிதி சேவைகள் லிமிடெட் , சேவைகள் லிமிடெட் , துணை தணிக்கை தரம் விமர்சனம் அறிக்கை , தணிக்கை தரம் விமர்சனம் , நிறுவனங்கள் நாடகம் , நிச்சயதார்த்தம் தரம் கட்டுப்பாடு விமர்சனம் , தணிக்கை கோப்பு , விப்ரோ அகச்சிவப்பு ,

Court of Audit critical of C-bank measures during bailout


Court of Audit critical of C-bank measures during bailout
11. December, 2020
Ljubljana – The Court of Audit has found that Banka Slovenije was only partly successful in its oversight of banks’ capital adequacy and the management of loan risks in 2008-2013. It also found it to be unsuccessful in introducing emergency measures during the bank bailout.
The head of the Court of Audit, Tomaž Vesel, told the STA on Thursday that Banka Slovenije had failed to provide evidence to support its claim that the financial situation of banks had indeed been such that it called for the 2013-2014 bailout.
He believes Banka Slovenije did not have all the requisite documents when deciding on the bailout. “For these reasons, which are elaborated on in the 400-page audit report, we cannot confirm that the measures regarding the cessation of eligible liabilities were urgently required in such a scope.” ....

Slovenia General , Banka Slovenije , Bank Asset Management Company , Association Of Small Shareholders , Banka Slovenia , Audit Quality Review , Small Shareholders , ஸ்லோவேனியா ஜநரல் , வங்கி சொத்து மேலாண்மை நிறுவனம் , சங்கம் ஆஃப் சிறிய பங்குதாரர்கள் , பாங்கா ஸ்லோவேனியா , தணிக்கை தரம் விமர்சனம் , சிறிய பங்குதாரர்கள் ,

NFRA says appointment of DHS as statutory auditor in 2017-18 'illegal'


The latest conclusions are part of the Supplementary Audit Quality Review Report (SAQRR) dated December 7, 2020.
The watchdog conducted an Audit Quality Review (AQR) of the statutory audit of IFIN for 2017-18 period. The AQR Report was issued on December 12, 2019. The SAQRR covers issues which were not covered in the AQR Report.
According to the SAQRR, the appointment of Deloitte Haskins and Sells LLP (DHS) as the statutory auditor of IFIN for the year 2017-18 was illegal , since the entity was not eligible to be appointed as an auditor due to violations. Those are subsisting business relationships on the date of appointment and provision of non-audit services directly or indirectly of the Companies Act, 2013. ....

Deloitte Haskins , National Financial Reporting Authority , Il Fs Financial Services Ltd , Services Ltd , Supplementary Audit Quality Review Report , Audit Quality Review , Companies Act , Engagement Quality Control Review , Audit File , டெலோய்ட்டே ஹஸ்கின்ஸ் , தேசிய நிதி புகாரளித்தல் அதிகாரம் , நான் L ஃப்ஸ் நிதி சேவைகள் லிமிடெட் , சேவைகள் லிமிடெட் , துணை தணிக்கை தரம் விமர்சனம் அறிக்கை , தணிக்கை தரம் விமர்சனம் , நிறுவனங்கள் நாடகம் , நிச்சயதார்த்தம் தரம் கட்டுப்பாடு விமர்சனம் , தணிக்கை கோப்பு ,