Former Reliance Capital Auditor Faces Action for Lapses and Ignoring Fraud Red Flags
The National Financial Reporting Authority (NFRA) has taken strict action against Pathak HD & Associates (PHD), a former joint auditor for Reliance Capital, along with two of its chartered accountants. This follows the identification of numerous lapses in their audit work and a failure to report suspected fraud. The action stems from concerns raised by…
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