News > RBI debars Haribhakti & Co from undertaking audit assignments for two years

RBI debars Haribhakti & Co from undertaking audit assignments for two years

Times Now | 12/10/2021 08:57 PM | Click to read full article

The Reserve Bank of India (RBI) on Tuesday debarred Haribhakti & Co. LLP from undertaking any type of audit assignments in any of the entities regulated by the RBI for a period of two years with effect from April 1, 2022.

The RBI further said that 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.