Audit News
ICWA has released Guidance Manual For Audit Quality prepared by QRB
14 December 2011 at 11:41The Institute has released Guidance Manual For Audit Quality prepared by QRB
Meeting of Standard Audit Committee
13 December 2011 at 11:33Meeting of Standard Audit Committee
CAG of India Takes Over as Chairman of UN Panel of External Auditors
08 December 2011 at 16:31Comptroller & 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
Audit raises red flags on Air India Express
05 December 2011 at 11:07In 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
Sahara firms told to file balance sheets
29 November 2011 at 10:20The 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
Joshi asked for 2G audit findings: CAG documents
22 November 2011 at 12:52The 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),
Auditor may have taken PAC's cue
19 November 2011 at 12:33Exact 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
CAG of India Appointed External Auditor OF IAEA and WIPO
30 September 2011 at 17:39The Comptroller and Auditor General of India (CAG) has been appointed as the external auditor of two major UN organizations - the International Atomic Energy Agency (IAEA), Vienna and World Intellectual Property Organization (WIPO), Geneva. Both t
Non-inclusion of audits under sections 44AD, 44AE and 44AF in the "specified number of tax audit assignments"
23 August 2011 at 13:01Clarification regarding non-inclusion of audits conducted under sections 44AD, 44AE and 44AF in the specified number of tax audit assignments In order to clarify the doubt raised by majority of members in respect of inclusio
CAG's Audit Advisory Board Constituted
22 July 2011 at 12:00CAG's Audit Advisory Board ConstitutedA new Audit Advisory Board (AAB) has been constituted under Comptroller & Auditor General of India, Shri Vinod Rai, who is the ex-officio Chairman of the Board. The main function of the Board will be to advise th
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