Deloitte, which started auditing IFIN in 2008, left in 2018 as rules mandate changing auditors every 10 years. In 2017-18, Deloitte and BSR did a parallel audit of IFIN. While KPMG affiliates audit 150 NSE-listed companies, Deloitte audits 126, according to Prime Database. “BSR’s audit of IFIN was performed in accordance with the applicable auditing standards and legal framework. The Big Four auditors have recently faced regulatory ire due to lapses in their audit practices.

Source: Mint June 10, 2019 13:51 UTC