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Image Credit: Bloomberg Quint

Deloitte Under Growing Scrutiny: What’s Behind The Increased Penalties?

  • Deloitte has been facing increasing scrutiny and penalties across multiple countries for lapses in auditing standards.
  • Recent penalties include a fine imposed by India's National Financial Reporting Authority for mishandling the audit of Zee Entertainment.
  • Deloitte's global reputation and client base are likely to be impacted by this growing wave of penalties.
  • The firm will face pressure to overhaul its auditing practices to regain trust from clients, regulators, and investors.

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