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Browse News Audit News

Displaying 20 - 30 of 134 in 14 pages

CAASB releases Exposure Draft CAAS - 320

On 18 February 2012 at 11:05

Cost Audit and Assurance Standards Board of the Institute has approved the release of Exposure Draft of Cost Audit and Assurance Standard on Planning an Audit of Cost Statements (CAAS - 320). The proposed standard may be modified in light of comme ...

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0 comments | 1110 hits


Announcement regarding Statutory Auditors Reporting Responsibilities in respect of Depositing of Cess pursuant to Clause 4(ix)(a) of the Companies (Auditors Report) Order, 2003

On 29 January 2012 at 12:46

Announcement regarding Statutory Auditor’s Reporting Responsibilities in respect of Depositing of Cess pursuant to Clause 4(ix)(a) of the Companies (Auditor’s Report) Order, 2003 and Section 227(3)(g) of the Companies Act, 1956 ...

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1 comments | 2649 hits


CWA - Audit of Cost Accounts In Certain Cases

On 27 January 2012 at 11:14

CWA - Cost Audit Order ...

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5 comments | 2453 hits


ICWA has released Guidance Manual For Audit Quality prepared by QRB

On 14 December 2011 at 11:41

The Institute has released Guidance Manual For Audit Quality prepared by QRB ...

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0 comments | 1433 hits


Meeting of Standard Audit Committee

On 13 December 2011 at 11:33

Meeting of Standard Audit Committee ...

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0 comments | 903 hits


CAG of India Takes Over as Chairman of UN Panel of External Auditors

On 08 December 2011 at 16:31

Comptroller & Auditor General of India (CAG), Shri Vinod Rai has been elected as the Chairman of the Panel of External Auditors of the United Nations, the Specialized Agencies and the International Atomic Energy Agency. He succeeds Mr.Norbert Ha ...

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0 comments | 1183 hits


Audit raises red flags on Air India Express

On 05 December 2011 at 11:07

In an indictment of Air India Express, an audit conducted by the aviation regulator has found serious flaws in its air safety practices. The report, a copy of which was reviewed by Mint, says the airline has failed to correct deficiencies pointe ...

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0 comments | 1388 hits


Sahara firms told to file balance sheets

On 29 November 2011 at 10:20

The Sahara companies collected the funds through financial instruments known as OFCDs, or optional fully convertible debentures The Supreme Court (SC) on Monday asked two Sahara Group companies to file their balance sheets and explain how they h ...

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0 comments | 1005 hits


Joshi asked for 2G audit findings: CAG documents

On 22 November 2011 at 12:52

The chairman of the Public Accounts Committee (PAC) tried repeatedly to get the government’s auditor to share with him details of its audit of the controversial allocation of second-generation telecom spectrum in 2008 (known as the 2G scam), ...

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1 comments | 1021 hits


Auditor may have taken PAC's cue

On 19 November 2011 at 12:33

Exact math used by the governments auditor in its calculation of losses and the process it followed still unclear The Comptroller and Auditor General of India (CAG) may have taken a cue from the Public Accounts Committee (PAC) while calcula ...

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2 comments | 2146 hits







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