Deloitte likely to resign as auditor of Adani Ports: Report
This comes in the wake of Deloitte expressing apprehensions about specific transactions that were highlighted in a report by US short-seller Hindenburg.
Deloitte Haskins & Sells LLP is set to step down from its role as the auditor of Adani Port & SEZ, reported news agency Reuters.
This comes in the wake of the auditor expressing apprehensions about specific transactions that were highlighted in a report by US short-seller Hindenburg.
An individual with direct insight into the situation shared this information with the news agency.
It has come to light that the auditor had differences with the management related to a few transactions, according to sources.
Deloitte is likely to formally announce its resignation as the auditor of Adani Ports in the next few days, a source told The Economic Times.
It is worth mentioning that Deloitte has been auditing Adani Ports since 2017-18. According to the FY22 annual report of Adani Ports, Deloitte was reappointed as the statutory auditor last year for a period of five years. If Deloitte resigns, it would mark the third change in auditors for Adani Group companies in the past few months.
