Consultancy / Audit-Services-News By Industry-News-The Economic Times

`Shift to new fincial reporting norms to impact cos earnings'

Sun, 15 Nov 2009 06:11:32 GMT

Indian companies readying to migrate to International Financial Reporting Standards (IFRS) may see a huge impact on their earnings during the transition to the new norms from IGAAP, a global body of professional accountants has said. `Shift to new fincial reporting norms to impact cos earnings' `Shift to new fincial reporting norms to impact cos earnings'

KPMG playing a crucial role in fostering Australia-India trade

Wed, 11 Nov 2009 23:20:44 GMT

A company that is playing a crucial role in fostering Australia-India trade is KPMG with almost 9,000 people collectively working in Australia and India. KPMG playing a crucial role in fostering Australia-India tradeKPMG playing a crucial role in fostering Australia-India trade

Govt shortlists BCG, E&Y, Mckinsey for exploring IFCI stake sale

Thu, 05 Nov 2009 12:30:59 GMT

The government has shortlisted three consultants, Boston Consultancy Group, Ernst & Young and Mckinsey, for advising it on stake sale in IFCI among other issues. Govt shortlists BCG, E&Y, Mckinsey for exploring IFCI stake saleGovt shortlists BCG, E&Y, Mckinsey for exploring IFCI stake sale

Satyam scam: Clean chit to PriceWaterhouseCoopers

Wed, 04 Nov 2009 21:50:12 GMT

Institute of Chartered Accountants of India has withdrawn disciplinary proceeding against the auditing firm PwC. CBI team back from Mauritius, 2nd chargesheet soon

Satyam scam: Clean chit to PriceWaterhouseCoopersSatyam scam: Clean chit to PriceWaterhouseCoopers

ICAI agrees to withdraw proceedings against PWH Delhi

Wed, 04 Nov 2009 14:13:44 GMT

Accounting regulator ICAI agreed to withdraw disciplinary proceedings against audit firm Price Waterhouse (PW) Delhi for its alleged involvement in the multi-crore scam in Satyam Computer Services.ICAI agrees to withdraw proceedings against PWH DelhiICAI agrees to withdraw proceedings against PWH Delhi

Mercer looks to bring advisory business to India

Sun, 01 Nov 2009 19:24:59 GMT

Global compensation consulting firm Mercer is looking at bringing its investment advisory business to India. Mercer looks to bring advisory business to IndiaMercer looks to bring advisory business to India

Russia's GCE eyes buyouts in design, consulting space

Sun, 01 Nov 2009 18:35:47 GMT

Russia-based energy-efficiency consultancy firm GCE Group is eyeing acquisitions worth Rs 150 crore in India in the consulting and design space. Russia's GCE eyes buyouts in design, consulting spaceRussia's GCE eyes buyouts in design, consulting space

Fraud office investigates Sesa Goa

Thu, 29 Oct 2009 07:11:53 GMT

Sesa Goa, a $5 billion unit of London-listed Vedanta Resources, is being investigated by the Indian government for financial and other irregularities, sending its shares down as much as 6 per cent.Fraud office investigates Sesa GoaFraud office investigates Sesa Goa

Sesa Goa says being investigated by govt

Thu, 29 Oct 2009 06:05:23 GMT

Sesa Goa, a unit of London-listed Vedanta Resources, said on Thursday that it received a letter from the Indian government ordering an investigation into the company.Sesa Goa says being investigated by govtSesa Goa says being investigated by govt

Global accounting cos get tougher

Wed, 21 Oct 2009 19:26:40 GMT

Even as regulators actively explore options to make accounting and corporate governance norms tighter have started tweaking their organisational structures to increase accountability and are also bringing in global heads to oversee their India functions. Global accounting cos get tougherGlobal accounting cos get tougher

Accountability is priority for global advisory cos

Sun, 18 Oct 2009 21:05:09 GMT

Global accounting and advisory majors with large clients in India have started tweaking their organisation structures to increase accountability Accountability is priority for global advisory cosAccountability is priority for global advisory cos

ICAI seeks details of RCom books to act against firm's auditor

Wed, 14 Oct 2009 13:48:05 GMT

Accounting regulator ICAI today said it has asked Anil Ambani group firm RCom, which is under attack for alleged overstating of revenues -- a charge contested by the company -- to provide financial details. ICAI seeks details of RCom books to act against firm's auditorICAI seeks details of RCom books to act against firm's auditor

IIM professors earn more from consultancy

Tue, 13 Oct 2009 22:14:38 GMT

India’s bulge-bracket factories are yet to catch up with their global counterparts in terms of faculty remuneration, but corporates queuing up to have a taste of their expertise are making the professors rich, and the institutes richer. IIM professors earn more from consultancy IIM professors earn more from consultancy

CAG audit of RIL books yet to begin

Tue, 13 Oct 2009 10:30:31 GMT

CAG was asked by Oil Ministry to audit the accounts of RIL, which is facing allegations of gold-plating gas field costs that has increased four-fold to $8.8 billion.CAG audit of RIL books yet to beginCAG audit of RIL books yet to begin

Lessons From Satyam Fraud: Watchdogs' panel to tally ICAI’s auditing norms

Thu, 08 Oct 2009 20:28:13 GMT

Auditing norms prepared by the Institute of Chartered Accountants of India (ICAI) are likely to be vetted by an umbrella body consisting of various regulators, as the government learns its lessons from the Satyam fraud and makes auditing norms legal and binding like accounting standards. Lessons From Satyam Fraud: Watchdogs' panel to tally ICAI’s auditing normsLessons From Satyam Fraud: Watchdogs' panel to tally ICAI’s auditing norms

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