NFRA slaps a penalty of Rs 2 crore on Deloitte Haskins for ZEEL audit

The National Financial Reporting Authority (NFRA) on Tuesday slapped a penalty of Rs 2 crore on Deloitte Haskins & Sells LLP and total penalty of Rs 15 lakh on two chartered accountants (CAs) for professional misconduct in connection with the audit of Zee Entertainment Enterprises (ZEEL) for the financial years FY19 and FY20.

NFRA also imposed a penalty of Rs 8 lakh on two CAs in relation to the statutory audit of DB Realty and debarred them for five and three years, respectively.