PwC resigns as auditor of Paytm amidst ‘changes’ in holding company's auditors
1 year, 4 months ago

PwC resigns as auditor of Paytm amidst ‘changes’ in holding company's auditors

Hindustan Times  

Audit firm Price Waterhouse Chartered Accountants has resigned as auditor of Paytm Payments Services Limited with immediate effect, Paytm said in a regulatory filing. Paytm In its resignation letter, PwC has cited the change of auditors at the holding company level and Paytm's practice to align the auditor of the holding company and subsidiaries to bring in synergies in the audit process. PWC said, "As per the communication received from you vide letter dated August 2, 2023, we understand that there has been a change of auditors at the holding company level." "Consequently, keeping in mind your understandable practice to align the auditor of PPSL, being a material subsidiary, with the auditor of the holding company in order to bring in synergies and maintain consistency in the audit process of the Group, we hereby tender our resignation as the Statutory Auditors of PPSL."

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History of this topic

After RBI crackdown, EPFO blocks Paytm Payments Bank from February 23 | DETAILS
10 months, 2 weeks ago

After RBI crackdown, EPFO blocks Paytm Payments Bank from February 23 | DETAILS

India TV News  

Amidst mounting challenges, Paytm Payments Bank finds itself embroiled in yet another setback as the Employees' Provident Fund Organization has issued a directive instructing its officers to exercise caution when handling claims linked to the Paytm subsidiary. This comes after the RBI on January 31 directed the Paytm Payments Bank to stop accepting deposits or top-ups in customer accounts, wallets, …

PwC India resigns as auditor of Paytm Payments Services Ltd
1 year, 4 months ago

PwC India resigns as auditor of Paytm Payments Services Ltd

Live Mint  

One97 Communications Limited on Monday informed the exchanges that its wholly-owned subsidiary Paytm Payments Services has appointed S.R. As per the company’s filing, The Board of Directors of PPSL have noted their resignation and placed on record its appreciation to M/s Price Waterhouse Chartered Accountants LLP for their contribution The Statutory Auditors have not raised any concern or issue. The …

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