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NFRA in India flags potential breaches of auditor independence at SRBC & Co LLP, an EY affiliate.
The National Financial Reporting Authority (NFRA) in India has flagged potential breaches of auditor independence at SRBC & Co LLP, an affiliate of Ernst & Young (EY).
The inspection revealed deficiencies in audit procedures, particularly concerning related party transactions and non-audit services provided by EY entities.
SRBC has committed to addressing these issues, but if not resolved, the firm could face penalties and loss of trust, impacting investor confidence.
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NFRA en India señala posibles violaciones de la independencia del auditor en SRBC & Co LLP, una filial de EY.