RBI bans Haribhakti & Co from undertaking audit assignments for two years By Joel Rebello ET BureauLast Updated: Oct 12, 2021, 11:42 AM IST

 Synopsis

​​"This action has been taken on account of the failure on the part of the audit firm to comply with a specific direction issued by RBI with respect to its statutory audit of a systemically important non-banking financial company," RBI said without naming the NBFC.

The Reserve Bank of India (RBI) has barred chartered accountant firm Haribhakti & Co. LLP, from undertaking any type of audit assignments for any entities regulated by it for a period of two years with effect from April 1, 2022.

"This action has been taken on account of the failure on the part of the audit firm to comply with a specific direction issued by RBI with respect to its statutory audit of a systemically important non-banking financial company," RBI said without naming the NBFC.

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https://economictimes.indiatimes.com/industry/services/consultancy-/-audit/rbi-bans-haribhakti-co-for-two-years-from-undertaking-any-audit-assignments/articleshow/86959255.cms?