BSR & Co LLF Steps Down As Ricoh India’s Statutory Auditors
A man carries a boxed Ricoh Co. Aficio SP 100 printer in Nehru Place IT Market, a hub for the sale of electronic goods and computer accessories, in downtown New Delhi, India. (Photographer: Graham Crouch/Bloomberg)

BSR & Co LLF Steps Down As Ricoh India’s Statutory Auditors

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Ricoh India Ltd. on Friday said chartered accountancy firm BSR & Co LLF has expressed inability to continue as the statutory auditors of the company.

“In terms of the standards on auditing and standards on quality control issued by the Institute of Chartered Accountants of India, for the reasons included in the 'Basis for Disclaimer of Opinion' paragraph in our audit review reports... we have carried out our annual continuance process and basis that assessment, we express our inability to continue as statutory auditors of the company with immediate effect,” the company said in a regulatory filing.

BSR & Co LLF had been appointed as statutory auditors of Ricoh (lndia) following shareholders’ nod on Sept. 24, 2015 to hold office for a period of five consecutive years, it added.

Also read: Auditor Concerns At Reliance Capital And Reliance Home Finance

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