Posted inIndia, South Asia

Auditors under fire over India’s IL&FS crisis

The crisis in India’s leading shadow banker IL&FS group has raised questions about the role played by well-known auditors such as Deloitte and KPMG for not raising timely red flags on bad loans and manipulation of accounts. The Ministry of Corporate Affairs has approached the National Company Law Tribunal to bar the auditors of the IL&FS […]

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