NFRA slaps Rs 2 crore fine on Deloitte Haskins for lapses in ZEEL audit

The National Financial Reporting Authority (NFRA) has imposed a penalty of Rs 2 crore on Deloitte Haskins & Sells and fined two chartered accountants for lapses in the audit of Zee Entertainment Enterprises Ltd (ZEEL) during FY2018-19 and FY2019-20.

NFRA has imposed a penalty of Rs 10 lakh on CA A B Jani and has barred him for five years from being appointed as an auditor or internal auditor or from undertaking any audit in respect of financial statements or internal audit of the functions and activities of any company or corporate.

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