Big 4-Indian auditors spat over new RBI guidelines turns ugly


Then, the Indian auditors point at the concentration risk of a Big Four but the data doesn’t support the argument.

Synopsis

The spat between the Big Four professional services firms and Indian auditors over the new RBI guidelines for appointments of statutory auditors has turned nasty with both sides accusing each other of serving self interest and trying to mislead key stakeholders.

The spat between the Big Four professional services firms and Indian auditors over the new RBI guidelines for appointments of statutory auditors has turned nasty with both sides accusing each other of serving self interest and trying to mislead key stakeholders.

The guidelines for commercial banks, NBFCs and housing finance companies are to be implemented in 2021-22.

The issue has further polarised the Big Four and Indian audit firms, and a

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