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Govt seeks to ban Deloitte, KPMG arm over auditing lapses at IL&FS
short by Shruti Maria Mahendar / on Tuesday, 11 June, 2019
The Corporate Affairs Ministry on Monday moved NCLT seeking to ban Deloitte Haskins & Sells, and KPMG affiliate BSR & Associates for five years, alleging lapses in their audits of a unit of IL&FS. The ministry said the companies "miserably failed" to fulfil their duties as auditors for IL&FS Financial Services (IFIN). Both auditing firms denied any wrongdoing on Tuesday.
read more at Reuters