Adani Group appoints new Auditor for UK subsidiaries
PrintListen to this Article
0:00
0:00
India's Adani group has switched the auditor of its main UK subsidiaries to the smaller London-based firm Ferguson Maidment & Co after previous auditor Crowe UK resigned in March, FT reported.
Ferguson Maidment & Co audited the annual accounts that Adani Energy Holdings and its subsidiaries filed with British government agency Companies House last month, FT reported.
In August, Deloitte resigned as the auditor of Adani Ports, citing concerns over certain transactions flagged in the short-seller Hindenburg's report and after the company declined to undertake an independent inquiry on it.
The billionaire Gautam Adani-led conglomerate later said that Deloitte's reason for quitting as auditor of the company was "not convincing or sufficient to warrant such a move".
Ferguson Maidment & Co audited the annual accounts that Adani Energy Holdings and its subsidiaries filed with British government agency Companies House last month, FT reported.
In August, Deloitte resigned as the auditor of Adani Ports, citing concerns over certain transactions flagged in the short-seller Hindenburg's report and after the company declined to undertake an independent inquiry on it.
The billionaire Gautam Adani-led conglomerate later said that Deloitte's reason for quitting as auditor of the company was "not convincing or sufficient to warrant such a move".
Category : Auditing | Comments : 0 | Hits : 686
In a boost to the National Financial Reporting Authority (NFRA), the regulator for auditors and audit firms dealing with large and listed companies, the Supreme Court has upheld an order by the Nation...
Hindustan Unilever Ltd. has announced that its cost auditor has been disqualified from continuing amid a conflict of interest. The decision was made after it was discovered that Rasesh Vipin ...
The Bombay High Court has granted bail to Anita Kirdat, a former concurrent auditor of the Punjab and Maharashtra Cooperative (PMC) Bank, in connection with a multi-crore loan fraud case. Kirdat, 4...
Comments