NFRA Imposes ₹10 Crore Penalty on BSR & Associates Over Coffee Day Case; Debars Two Auditors
The National Financial Reporting Authority (NFRA) has imposed a substantial penalty of ₹10 crores on BSR & Associates LLP (a KPMG firm) in connection with the Coffee Day Enterprises Ltd (CDEL) case. This severe action comes after the auditors failed to identify and report significant financial …