NFRA slaps ₹2-cr fine on Deloitte Haskins for Zee audit
Financial Express Mumbai|December 25, 2024
THE NATIONAL FINANCIAL Reporting Authority (NFRA) has imposed a fine of ₹2 crore on Deloitte Haskins & Sells, and penalties on two chartered accountants (CAs) for lapses in the auditing of Zee Entertainment Enterprises (ZEEL) for FY19 and FY20.
MANU KAUSHIK

The audit regulator found that Deloitte's auditors failed to identify and report misrepresentation, and were "grossly negligent".

In a 30-page order, the NFRA said that prima facie, the auditors had not discharged their professional duties under the Companies Act as well as the standards on auditing (SA).

A Deloitte spokesperson said: "We have received the order issued by the NFRA against the firm and two retired partners. We are currently reviewing it to determine our next course of action. We remain committed to maintaining the highest standards of audit quality."

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