The National Financial Reporting Authority (NFRA) has fined Deloitte Haskins & Sells LLP of Rs 2 crore for alleged lapses in auditing Zee Entertainment Enterprises Limited during the 2018-19 and 2019-20 financial years. Furthermore, NFRA has imposed penalties on two chartered accountants (CA) -AB Jani and Rakesh Sharma – and barred them from work. While AB Jani has been fined Rs. 10 lakh and debarment for any audit work for 5 years, Sharma has been fined Rs. 5 lakh and 3 years of service.
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