Audit News

Systems Audit of Mutual Funds

18 September 2009 at 15:56

Systems Audit of Mutual FundsCircular No. SEBI/IMD/CIR No. 8/176988/2009, dated 16-9-2009 Considering the importance of systems audit in the technology driven asset management activity, it has been decided that mutual funds shall have a systems audit

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PSU Audit empanelment status of CA Firm

27 August 2009 at 17:54

PSU Audit empanelment status of C A Firms for the year (2009-2010)Empanelment status of C A Firms for conducting PSU Audit for the year 2009-10 can be viewed by visiting http://cagofindia.delhi.nic.in/caempanel/empstat-08.asp. To check the empanelmen

Posted in Audit | 3 comments | 16026 Views

Criteria for allocation of Statutory Auditors of RRBs

10 August 2009 at 13:52

Criteria for allocation of Statutory Auditors of RRBsI New firms to be empanelled from the list of audit firms whose Chartered Accountants should have Diploma in Information and System Accounting (DISA) qualification. II Selection for new audit

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Auditors fee for the inspection of Mutual Funds

04 August 2009 at 11:53

Fee structure for inspection of mutual funds, from the year 2008-09: Sl. No. Category AUM Fees (in Rs.) 01 A

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Merger of firms and allocation of audit of bank branch

03 August 2009 at 17:13

Policy adopted in respect of Merger of Firms in allocation of bank branch statutory auditors for the year 2008-09Firms A & Co, B& Co. merge in C & Co during the year(a) All three firms are empanelled in bank branch auditors panel and a

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Inviting suggestions/ comments on draft LFAR of RRBs

27 July 2009 at 11:37

Inviting suggestions/ comments on draft LFAR of RRBsSub: Inviting suggestions/ comments on draft LFAR of RRBs.LFAR is a major tool to analyze the performance of banks. It not only gives a very narrow view of banking operations but also acts as an ea

Posted in Audit | 1 comments | 6288 Views

MEF form for the year 2009-10 hosted

01 May 2009 at 18:26

MULTIPURPOSE EMPANELMENT FORM (MEF) FOR THE YEAR 2009-10 HOSTED ON THE WEBSITE www.meficai.org. Last date for submission of applications is 15th June, 2009.

Posted in Audit | 1 comments | 13458 Views

Specimen Multipurpose Empanelment Form 2009-10

19 April 2009 at 00:28

Specimen Multipurpose Empanelment Form 2009-10Professional Development Committee (PDC) is pleased to host the thoroughly revamped Multipurpose Empanelment Form (MEF) for the year 2009-10. The new form has been comprehensively revised to make it user

Posted in Audit | 3 comments | 15579 Views

Peer review for audit firms of Listed Company

08 April 2009 at 14:35

Members may be aware that the Council had accepted the recommendation of Securities & Exchange Board of India (SEBI) that audit of listed companies shall be carried out by the auditors who have undergone Peer Review Process and have been issued P

Posted in Audit | 30591 Views

A critical factor for auditors to perform quality audit

02 April 2009 at 11:11

Time frame for conducting bank branch statutory audit assignment - A critical factor for auditors to perform quality auditAfter Satyam episode, we have a mammoth responsibility in the area of trust building that urges the members of the profession to

Posted in Audit | 1 comments | 13821 Views