Sunday, December 19, 2021

Enforcement Directorate arrests NBFC CEO in probe against Chinese-backed loan apps

e was later produced before a special Prevention of Money Laundering Act (PMLA) court in Hyderabad that sent him to 15 days' judicial custody, the agency said in a statement. The action is linked to the ED's investigation against a number of Indian NBFCs which are in the business of instant personal loans through mobile apps (applications). https://ift.tt/32h1Aay

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UK accountancy regulator FRC says auditors can't blame AI for audit failures, after it published what it called the world's first guidance on auditor AI usage (Ellesheva Kissin/Financial Times)

Ellesheva Kissin / Financial Times : UK accountancy regulator FRC says auditors can't blame AI for audit failures, after it published...