Deloitte – The News Desk

AHMEDABAD: The the Board of Directors at Adani Ports and Special Economic Zone Limited has appointed M S K A and Associates, an independent member firm of BDO International, as the statutory auditors of the company to fill the vacancy caused by the resignation of Deloitte Haskins and Sells LLP.The new auditor will hold office till the date of the next annual general meeting of the Company to be held in 2024, “pursuant to Section 139 and other applicable provisions, if any, of the Companies Act, 2013”, Adani Ports informed stock exchanges in a filing late on Saturday evening.Since May 2017, Deloitte has been Adani Ports and Special Economic Zone’s (APSEZ) statutory auditor. In July 2022, APSEZ reappointed Deloitte as its statutory auditor for another term of five years, which was supposed ...

NEW DELHI: Adani Ports on Saturday said Deloitte's reasoning to quit as auditor of the company was "not convincing or sufficient to warrant such a move".A source told Reuters on Friday Deloitte decided to resign from the role amid concerns over certain transactions flagged in a report by Hindenburg, which the company did not wish to look into independently.The auditor's resignation has brought fresh scrutiny of the financial management at Adani Group. The group has denied Hindenburg's allegations made in January around alleged improper use of tax havens, convoluted related party transactions and the group's debt levels.In recent meetings with Adani Ports leadership, Deloitte indicated a lack of a wider audit role as auditors of other listed Adani portfolio companies, but the Indian compan...

Tag: Deloitte

Adani Ports SEZ appoints new auditor after Deloitte’s quits

Adani Ports says Deloitte auditor resignation arguments not convincing