Financial Audit

SpiceJet, for the second time in two years, has been placed under "enhanced surveillance" by the Directorate General of Civil Aviation following reports of cancelled flights and financial stress.

On Thursday, July 4, the Financial Supervisory Service of Korea released a statement alerting all crypto exchanges to ramp up transaction monitoring on their respective platforms. This move from South Korea comes as the country’s Virtual Asset User Protection Act is ready to go into effect on July 19.

Edtech firm Byju's parent company, Think & Learn Pvt, has found itself embroiled in a complex web of financial mismanagement, offshore dealings, and legal disputes. At the centre of it is $533 million and a Florida hedge fund.

The Indian Railways utilised 59 per cent of its total capital expenditure in the first six months of the financial year 2023-24, Railways Minister Ashwini Vaishnaw said on Saturday.

The corporate affairs ministry has ordered an inspection of the books of Byju's, a senior government official said on Monday amid the edtech major facing multiple headwinds, including delay in submitting financial statements and concerns over corporate governance issues. The inspection of Bengaluru-based Think & Learn, which operates under the bran...

In order to offer the next advanced safety solutions for digital assets, Cryptosat and Dfns have come together to create a ‘Space Wallet’. The Space Wallet will use an ‘innovative threshold signature scheme’ to offer an improved security against financially damaging attacks.

Indian education technology giant Byju's, which lost its auditor after delaying financial statements, has told investors it will file 2022 audited earnings by September and 2023 results by December, a person with direct knowledge of the matter said.

Audit firm Deloitte has resigned as auditors of Byju's citing a delay in submission of financial statements while almost simultaneously three of the edtech firm's board members have quit in what is being seen as a deepening crisis at the decacorn.

British financial services giant EY on Tuesday said it was stopping a project to split its audit and advisory units after opposition from its US branch.

Amid legal challenges around crypto sector in India, Giottus CEO Vikram Subburaj has admitted to have avoided taking many decisions to prevent its business from getting in legal troubles. Subburaj said the company has not onboarded any foreign parent or even investor and has neither launched any native coin that may cause its users financial risks ...

TotalEnergies' Chief Executive told reporters the company was waiting for the result of an audit launched by the Indian conglomerate in response to allegations of financial irregularities by Hindenburg Research.

GoMechanic, the automobile after-sales service startup that raised $42 million (roughly Rs. 340 crore) in funding, said that it was cutting 70 percent of its workforce as part of a business restructuring. The move came after co-founder Amit Bhasin admitted to misreporting financial reports. A forensic audit has been ordered to gauge the magnitude o...

The Comptroller and Auditor General (CAG) has flagged serious financial "irregularities" in the Lalit Kala Akademi, according to officials in the know of the audit observation.

Binance has bought Sakura Exchange BitCoin (SEBC) for an undisclosed sum. The acquisition would allow the cryptocurrency platform to operate in the Japanese market as a regulated entity.

Indian financial market regulators are unlikely to provide their European counterpart supervisory and auditing powers over domestic clearing corporations, two sources said.

SpiceJet, for the second time in two years, has been placed under "enhanced surveillance" by the Directorate General of Civil Aviation following reports of cancelled flights and financial stress.

On Thursday, July 4, the Financial Supervisory Service of Korea released a statement alerting all crypto exchanges to ramp up transaction monitoring on their respective platforms. This move from South Korea comes as the country’s Virtual Asset User Protection Act is ready to go into effect on July 19.

Edtech firm Byju's parent company, Think & Learn Pvt, has found itself embroiled in a complex web of financial mismanagement, offshore dealings, and legal disputes. At the centre of it is $533 million and a Florida hedge fund.

The Indian Railways utilised 59 per cent of its total capital expenditure in the first six months of the financial year 2023-24, Railways Minister Ashwini Vaishnaw said on Saturday.

The corporate affairs ministry has ordered an inspection of the books of Byju's, a senior government official said on Monday amid the edtech major facing multiple headwinds, including delay in submitting financial statements and concerns over corporate governance issues. The inspection of Bengaluru-based Think & Learn, which operates under the bran...

In order to offer the next advanced safety solutions for digital assets, Cryptosat and Dfns have come together to create a ‘Space Wallet’. The Space Wallet will use an ‘innovative threshold signature scheme’ to offer an improved security against financially damaging attacks.

Indian education technology giant Byju's, which lost its auditor after delaying financial statements, has told investors it will file 2022 audited earnings by September and 2023 results by December, a person with direct knowledge of the matter said.

Audit firm Deloitte has resigned as auditors of Byju's citing a delay in submission of financial statements while almost simultaneously three of the edtech firm's board members have quit in what is being seen as a deepening crisis at the decacorn.

British financial services giant EY on Tuesday said it was stopping a project to split its audit and advisory units after opposition from its US branch.

Amid legal challenges around crypto sector in India, Giottus CEO Vikram Subburaj has admitted to have avoided taking many decisions to prevent its business from getting in legal troubles. Subburaj said the company has not onboarded any foreign parent or even investor and has neither launched any native coin that may cause its users financial risks ...

TotalEnergies' Chief Executive told reporters the company was waiting for the result of an audit launched by the Indian conglomerate in response to allegations of financial irregularities by Hindenburg Research.

GoMechanic, the automobile after-sales service startup that raised $42 million (roughly Rs. 340 crore) in funding, said that it was cutting 70 percent of its workforce as part of a business restructuring. The move came after co-founder Amit Bhasin admitted to misreporting financial reports. A forensic audit has been ordered to gauge the magnitude o...

The Comptroller and Auditor General (CAG) has flagged serious financial "irregularities" in the Lalit Kala Akademi, according to officials in the know of the audit observation.

Binance has bought Sakura Exchange BitCoin (SEBC) for an undisclosed sum. The acquisition would allow the cryptocurrency platform to operate in the Japanese market as a regulated entity.

Indian financial market regulators are unlikely to provide their European counterpart supervisory and auditing powers over domestic clearing corporations, two sources said.