Comments
The government has asked the National Financial Reporting Authority (NFRA) to look into alleged accounting irregularities at Infosys in the wake of whistleblower complaints, a senior official said on Thursday.
NFRA is an independent regulator for the auditing profession which comes under the Ministry of Corporate Affairs.
Read also: New regulator to discipline auditors is born
The senior government official told PTI that NFRA had been asked to look into alleged accounting irregularities and related unethical practices.
On Monday, Infosys informed stock exchanges about anonymous whistleblower complaints alleging certain unethical practices.
Markets regulator Securities and Exchange Board of India (SEBI) and US Securities and Exchange Commission are also looking into the Infosys matter following the whistleblower complaints.
Podcast | Infosys whistleblower: What next for Salil Parekh?
Shares of Infosys were trading 0.94 per cent lower at ₹644.65 in morning trade on BSE.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.