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Accounting firm EY calls off plan to break up auditing & consulting units Accounting firm EY has called off its plan called 'Project Everest' to break up its auditing and consulting units, BBC reported. The firm, formally known as Ernst & Young, announced they were "stopping work on the project" because it's US arm decided to not to move forward, BBC reported. The Big Four -- Deloitte, EY, KPMG and PwC -- dominate the global accounting market share. The plan came as regulators called for major industry reforms over conflict of int...
Accounting firm EY calls off plan to break up auditing & consulting units
Accounting firm EY calls off plan to break up auditing & consulting units
Source: IANS
12/04/2023 1:02:28 PM
GST collections in line with expectations, say economists GST collections for November 2022 showed a dip as they stood at Rs 1.46 lakh crore, down by 3.9 per cent compared to Rs 1.52 lakh crore collected in October 2022. However, compared to the collections of Rs 1.32 lakh crore in November 2021, they were higher by 11 per cent, government data revealed on Thursday. Despite the slide in GST collections in November, they have remained at more than Rs 1.40 lakh crore for nine months in a row now. Economists though see this in line with their exp...
GST collections in line with expectations, say economists
GST collections in line with expectations, say economists
Source: IANS
1/12/2022 8:00:39 PM
India likely to grow at 6.5-7.1% in current fiscal: Deloitte India may record a growth in the range of 6.5 per cent to 7.1 per cent during the current financial year 2022-23 mainly due to rising inflation and expectations of a global slowdown, Deloitte India said in a report. Deloitte expects "India to post a 6.5-7.1 per cent growth during 2022-23 and 5.5-6.1 per cent the following year contingent on the revival of the global economy and improving economic fundamentals." India's gross domestic product (GDP) grew by 8.7 per cent in 2...
India likely to grow at 6.5-7.1% in current fiscal: Deloitte
India likely to grow at 6.5-7.1% in current fiscal: Deloitte
Source: IANS
20/11/2022 3:17:27 PM
Deloitte audit report very soon as BYJU`s files FY21 tax returns The IPO-bound edtech major BYJU's, which has filed its tax returns for fiscal year 2020-21, is set to make public the audited financial statement for FY21 from global consulting firm Deloitte very soon, top sources privy to the development said on Monday. The audited financial statement for FY21 from Deloitte may also be made public "within a week" as the consolidation of businesses is complete after "ironing out the complexities" as the edtech unicorn made at least...
Deloitte audit report very soon as BYJU`s files FY21 tax returns
Deloitte audit report very soon as BYJU`s files FY21 tax returns
Source: IANS
15/08/2022 4:29:20 PM
BYJU`s says will file FY21 results by July 15, denies reports on Deloitte Edtech giant BYJU's on Saturday denied reports that its auditor Deloitte is yet to sign off its 2020-21 (FY21) financial results, saying that the company will file the financial results by July 15. In a statement to IANS, BYJU's which was last valued at $22 billion "strongly denied" the reports. "We strongly deny the allegations about Deloitte not signing our results. Our FY21 results will be out by July 15," a company spokesperson said. Earlier reports sa...
BYJU`s says will file FY21 results by July 15, denies reports on Deloitte
BYJU`s says will file FY21 results by July 15, denies reports on Deloitte
Source: IANS
2/07/2022 3:01:36 PM
India cautiously returning to 'business as usual': Study Deloitte Touche Tohmatsu India LLP (DTTILLP) unveiled wave 22, the latest 30-day analysis of its Global State of the Consumer Tracker, indicating a consumption revival in India, with consumers showing positive spending intent and a brighter outlook towards the future. Decreasing number of Covid-19 cases as well as an aggressive vaccination drive have brought in a new wave of confidence amongst Indian consumers. Latest findings reflect that the Indian consumer is ready to spend more on d...
India cautiously returning to 'business as usual': Study
India cautiously returning to 'business as usual': Study
Source: IANS
21/09/2021 2:04:45 PM
Indian consumers showing reduced anxiety due to vaccine coverage As the vaccination coverage increases in India, consumers are turning less anxious about Covid infection and are raising their discretionary expenditure, showed a Deloitte survey. Deloitte Touche Tohmatsu India LLP's Global State of the Consumer Tracker indicated a 6 per cent decline in the overall anxiety levels to 39 per cent, as the number of new Covid-19 cases across the country continues to decrease. Indian consumers have shown an intent to increase discretionary spends in anti...
Indian consumers showing reduced anxiety due to vaccine coverage
Indian consumers showing reduced anxiety due to vaccine coverage
Source: IANS
23/07/2021 4:40:23 PM
Deloitte to pay Malaysia $80 million to settle claims linked to 1MDB KUALA LUMPUR - Audit firm Deloitte PLT will pay Malaysia's government $80 million to resolve all claims related to its auditing of accounts of scandal-linked state fund 1MDB and its unit SRC International from 2011 to 2014, the finance ministry said on Wednesday. Deloitte has been under scrutiny for its role in auditing the financial statements of 1Malaysia Development Berhad (1MDB), a state fund at the centre of a globe-spanning corruption scandal. Malaysian and U.S. authorities sa...
Deloitte to pay Malaysia $80 million to settle claims linked to 1MDB
Deloitte to pay Malaysia $80 million to settle claims linked to 1MDB
Source: Reuters
3/03/2021 5:30:46 PM