Audit News

CAASB releases Exposure Draft CAAS - 320

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

Posted in Audit | 5526 Views

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

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

Posted in Audit | 1 comments | 12750 Views

CWA - Audit of Cost Accounts In Certain Cases

27 January 2012 at 11:14

CWA - Cost Audit Order

Posted in Audit | 8 comments | 10380 Views

ICWA has released Guidance Manual For Audit Quality prepared by QRB

14 December 2011 at 11:41

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

Posted in Audit | 6846 Views

Meeting of Standard Audit Committee

13 December 2011 at 11:33

Meeting of Standard Audit Committee

Posted in Audit | 4524 Views

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

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

Posted in Audit | 6393 Views

Audit raises red flags on Air India Express

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

Posted in Audit | 7305 Views

Sahara firms told to file balance sheets

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

Posted in Audit | 6222 Views

Joshi asked for 2G audit findings: CAG documents

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),

Posted in Audit | 1 comments | 5895 Views

Auditor may have taken PAC's cue

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

Posted in Audit | 2 comments | 10176 Views