Found this newsletter today on the 'India' section of the Substack explore page. I'm glad somebody is taking a Levine-esque approach to BFSI in India. Excited to see where this goes!
Ironically, Deloitte and the likes mandate ethics training and papers every fucking third week, where as bulk of the auditing and accounting fuckups globally involve partners of these firms
Agreed. They ask us employees to comply with every single fucking thing under the Sun. But partners get away with lots of bullshit. Especially the independence thing is absolutely stupid.
Found this newsletter today on the 'India' section of the Substack explore page. I'm glad somebody is taking a Levine-esque approach to BFSI in India. Excited to see where this goes!
Thanks, Rahul. I discovered Tigerfeathers recently myself and I was surprised I didn't stumble upon your in-depth writing sooner!
Glad to hear it - always happy to chat/swap notes on this stuff if you're ever game.
Ironically, Deloitte and the likes mandate ethics training and papers every fucking third week, where as bulk of the auditing and accounting fuckups globally involve partners of these firms
Source: worked at a big 4 in non-audit division
Agreed. They ask us employees to comply with every single fucking thing under the Sun. But partners get away with lots of bullshit. Especially the independence thing is absolutely stupid.
Source: work in Big 4 m&a advisory
I don’t think Deloitte will have any problems, at most a slap on the wrist.
Haven’t we seen this many times before.
If I remember correctly around 2010-12 some big partner at PwC had blown a whistle on it, the SEC didn’t find a thing.
Many will remember EY and Wirecard, IL&FS / IFIN and Deloitte, PwC in Satyam Computers.
Let’s see
SEBI really needs to investigate delloite. There's no way a competent auditor fucks up so much for eight years.
Zomato just fired their old auditors and hired them as well.
Of course gujarat