Board recommends Mukund M Chitale & Co as new auditor of IL&FS financial arm IFIN
The government-appointed board of IL&FS Financial Services (IFIN), the financial arm of the IL&FS group and the focus of multiple fraud investigations, has recommended Mukund M Chitale & Co as the new statutory auditors for the company.
The move comes after BSR & Associates resigned as the company’s auditor on June 19. BSR & Associates audited the books of IFIN jointly with Deloitte Haskin & Sells in financial year 2017-18 and were the sole auditors for the following financial year.
