Lenders rope in Ernst & Young as Jet auditor
KOLKATA: Lenders to Jet AirwaysNSE 0.34 % have zeroed in on Ernst & Young as the new auditor of the troubled airlines. The interim management committee, which is being formed, will formally appoint the E&Y, people familiar with the matter said.
E&Y won the race while Deloitte was close contender.
State Bank of India, which is the leader of the lenders’ consortium, had in December asked E&Y to carry out forensic audit of the airlines books for the period between April 2014 and March 2018.
BSR & Co, an affiliate of KPMG India, and DTS & Associates were Jet’s auditor and they signed the third quarter result with a strong note regarding preparation of financial results on going concern basis.
