NFRA penalises Deloitte for alleged lapses in ZEEL audit, debars two partners

Mumbai/New Delhi: The National Financial Reporting Authority (NFRA) has penalised audit firm Deloitte Haskins & Sells LLP, along with two of its senior partners, for alleged professional misconduct in the audit of Zee Entertainment Enterprises Limited (ZEEL) for FY2018-19 and FY2019-20.

The regulator has imposed fines totalling ₹2.15 crore and issued multi-year debarments to the partners involved. A penalty of ₹2 crore was imposed on the audit firm, an order signed by the NFRA on 23 December and published on its website showed.