News & Media 23rd May 2022

Forensic auditors seek indemnity from banks, NBFCs against litigation.

Authors

Suhail Nathani Managing Partner | Mumbai

Latest Thought Leadership

News & Media 23rd Jul 2024

Income tax changes in Budget 2024: Who benefits from new tax regime?

Read More
Newsletter/Booklets 23rd Jul 2024

Budget Buzz – Rationalization of TDS provisions

Read More
News & Media 23rd Jul 2024

Budget Reactions on Agricultural Sector

Read More
News & Media 23rd Jul 2024

Union Budget 2024: FM Sitharaman tweaks income tax slabs for New tax regime, savings up to Rs 17,500

Read More

Forensic auditors are now seeking protection against litigation cases, as promoters and managements of companies facing allegations of fraud are increasingly bringing legal action against them for the findings in the reports.

Against this backdrop, Suhail Nathani, Managing Partner at Economic Laws Practice (ELP)  has been quoted by The Economic Times in their article titled ‘Forensic auditors seek indemnity from banks, NBFCs against litigation.’ He says, “This trend of suing forensic auditors can have a chilling effect and unless the courts come down strongly on this trend, auditors will seek indemnity against such litigations. They are expressing their professional view. This should not expose them to litigation.”

Click Here