forensic audit

Sebi has banned Rajesh Mehta, CMD of Rajesh Exports, from dealing in the company's shares pending further orders. The regulator's investigation revealed significant manipulation of accounts, particularly overseas subsidiary revenues, inflating them by an "egregious" 97%-99%. The company also failed to reflect a Rs 1,035 crore investment in African gold mines.

Resigning from TMC and Rajya Sabha, Sukhendu Sekhar Ray slammed the party's "anarchic rule," citing corruption and inaccessible leaders. He highlighted the RG Kar incident as a symptom of power going to their heads, leading to public outcry. Ray called for a forensic audit of hospital purchases and asset investigations for all leaders, welcoming the new BJP government's reform efforts.

SEBI’s interim order against Rajesh Exports raises a simple question: has one of India’s biggest gold companies been showing investors revenues that didn’t exist?

Demands Grow For Re-Check Of Answer Sheets

The Institute of Chartered Accountants of India is set to overhaul its curriculum. Future chartered accountants will likely study artificial intelligence, data analytics, ESG, and sustainability. These changes aim to equip students with skills for a technologically evolving profession. The new syllabus and training structure are expected to be implemented by 2028, preparing professionals for modern accounting demands.

NEET-UG was supposed to be fixed after the 2024 leak. Two official reports had already laid out where the system could break again

Markets regulator Sebi on Tuesday made it mandatory for all listed entities to disclose to the stock exchanges any forensic audit that a company carries out. The entity is also required to intimate to the exchanges when a forensic audit is initiated, the regulator said after its board meeting earlier in the day.

The Supreme Court ruled that banks are not required to provide personal oral hearings before classifying accounts as fraudulent. However, banks must furnish customers with a forensic audit report prior to such classification. This decision acknowledges the infeasibility of individual hearings given the significant rise in bank fraud cases.