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<link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f1c4b20d309-trace').style.display = (document.getElementById('cakeErr67f1c4b20d309-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr67f1c4b20d309-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f1c4b20d309-code').style.display = (document.getElementById('cakeErr67f1c4b20d309-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f1c4b20d309-context').style.display = (document.getElementById('cakeErr67f1c4b20d309-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67f1c4b20d309-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700"><</span><span style="color: #0000BB">head</span><span style="color: #007700">>
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<p style="text-align:justify"><em>&#39;Understatement of losses runs up to more than ₹2,000 crore&rsquo;</em></p>
<p style="text-align:justify">The National Financial Reporting Authority (NFRA) has rapped &lsquo;EY group firm&rsquo; SRBC &amp; Co. LLP for failing to detect several problems in the IL&amp;FS group&rsquo;s transport venture while undertaking its statutory audit in 2017-18.</p>
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<p style="text-align:justify">The National Financial Reporting Authority (NFRA) has rapped &lsquo;EY group firm&rsquo; SRBC &amp; Co. LLP for failing to detect several problems in the IL&amp;FS group&rsquo;s transport venture while undertaking its statutory audit in 2017-18.</p>
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Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
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<strong>Accounting regulator raps ‘EY arm’s’ audit of IL&FS firm</strong></h1>
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<link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f1c4b20d309-trace').style.display = (document.getElementById('cakeErr67f1c4b20d309-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr67f1c4b20d309-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f1c4b20d309-code').style.display = (document.getElementById('cakeErr67f1c4b20d309-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f1c4b20d309-context').style.display = (document.getElementById('cakeErr67f1c4b20d309-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67f1c4b20d309-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700"><</span><span style="color: #0000BB">head</span><span style="color: #007700">>
</span></span></code>
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<p style="text-align:justify"><em>&#39;Understatement of losses runs up to more than ₹2,000 crore&rsquo;</em></p>
<p style="text-align:justify">The National Financial Reporting Authority (NFRA) has rapped &lsquo;EY group firm&rsquo; SRBC &amp; Co. LLP for failing to detect several problems in the IL&amp;FS group&rsquo;s transport venture while undertaking its statutory audit in 2017-18.</p>
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<p style="text-align:justify">Please <a href="https://www.thehindu.com/business/accounting-regulator-raps-ey-arms-audit-of-ilfs-firm/article36638737.ece?homepage=true">click here</a> to read more.&nbsp;</p>
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<strong>Accounting regulator raps ‘EY arm’s’ audit of IL&FS firm</strong></h1>
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<p style="text-align:justify">-The Hindu</p><p style="text-align:justify"><em>'Understatement of losses runs up to more than 2,000 crore’</em></p><p style="text-align:justify">The National Financial Reporting Authority (NFRA) has rapped ‘EY group firm’ SRBC & Co. LLP for failing to detect several problems in the IL&FS group’s transport venture while undertaking its statutory audit in 2017-18.</p><p style="text-align:justify">The auditor’s lapses had led to losses being understated by more than 2,000 crore, incorrect treatment of letters of comfort of 2,654 crore and improper valuation of the firm’s financial exposure to its associates, subsidiaries and joint ventures amounting to 3,346 crore, the accounting and audit regulator said.</p><p style="text-align:justify">Please <a href="https://www.thehindu.com/business/accounting-regulator-raps-ey-arms-audit-of-ilfs-firm/article36638737.ece?homepage=true" title="https://www.thehindu.com/business/accounting-regulator-raps-ey-arms-audit-of-ilfs-firm/article36638737.ece?homepage=true">click here</a> to read more. </p> </font>
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Accounting regulator raps ‘EY arm’s’ audit of IL&FS firm
-The Hindu
'Understatement of losses runs up to more than 2,000 crore’
The National Financial Reporting Authority (NFRA) has rapped ‘EY group firm’ SRBC & Co. LLP for failing to detect several problems in the IL&FS group’s transport venture while undertaking its statutory audit in 2017-18.
The auditor’s lapses had led to losses being understated by more than 2,000 crore, incorrect treatment of letters of comfort of 2,654 crore and improper valuation of the firm’s financial exposure to its associates, subsidiaries and joint ventures amounting to 3,346 crore, the accounting and audit regulator said.
