NFRA fines Deloitte Rs 2 crore, bans auditors for years over ZEEL audit failures.

The National Financial Reporting Authority (NFRA) has penalized Deloitte Haskins & Sells LLP Rs 2 crore for auditing lapses with Zee Entertainment Enterprises Ltd (ZEEL) in 2018-2020. Chartered accountant AB Jani was barred from audit work for five years and fined Rs 10 lakh, while Rakesh Sharma was debarred for three years and fined Rs 5 lakh. The NFRA found the auditors negligent and failing to apply professional standards.

3 months ago
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