Audit News


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 |   10377 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 |   6843 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 |   6378 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 |   5892 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


CAG of India Appointed External Auditor OF IAEA and WIPO

   30 September 2011 at 17:39

The 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

Posted in Audit  4 comments |   10482 Views