Info-tech

Auditing regulator, NFRA to look into alleged irregularities at Infosys

PTI New Delhi | Updated on October 28, 2019

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.

Published on October 24, 2019

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