Raghunathan Takes CFO Role at MM Forgings After Four-Year Gap
MM Forgings appoints S Raghunathan as CFO after four-year vacancy following predecessor's 2022 superannuation, raising audit oversight questions.
Government Tightens Audit Rules: Three Changes Audit Committees Cannot Ignore
MCA proposes tighter audit rules with ₹1 crore penalties. Audit committees face compliance gaps in independence criteria, quality reviews, and enforcement timel
Tax Assessing Officer Targets Divi’s Transfer Pricing After Three-Year Review
Divi's Laboratories faces ₹571 crore draft tax assessment targeting transfer pricing. Audit committees must strengthen oversight of tax contingencies and disput
GOCL’s ₹2,261 Crore Land Sale Leaves ₹1,446 Crore Gap Unexplained
GOCL Corporation's ₹2,261 crore land sale delivers only ₹815 crore in proceeds. The unexplained ₹1,446 crore gap raises board oversight questions.
SBI’s Rs 6,338 Crore Tax Demand Lands During Earnings Season
SBI's Rs 6,338 crore income tax demand raises audit committee disclosure questions as banks prepare quarterly earnings announcements.
Big 4 Network Audit Deficiencies: Credibility Risk for Listed Companies
NFRA flags audit deficiencies at Big 4 Indian affiliates, creating credibility risks for listed companies and complicating audit committee selection decisions.
Internal Audit Catches 4,000 Air India Staff Gaming Travel Benefits
Air India audit uncovers 4,000 employees misusing travel benefits through fake family claims and voucher resales, highlighting internal control gaps.
When Strategy Shifts Hit Balance Sheets: Honda’s $15.7 Billion Reality Check
Honda's $15.7B EV writedown exposes critical gaps in strategic oversight. What this teaches boards about managing transformational investments and capital alloc