Audit News

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 | 7275 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 | 6201 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 | 5862 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 | 10152 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 | 10473 Views

Non-inclusion of audits under sections 44AD, 44AE and 44AF in the "specified number of tax audit assignments"

23 August 2011 at 13:01

Clarification 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

Posted in Audit | 1 comments | 19869 Views

CAG's Audit Advisory Board Constituted

22 July 2011 at 12:00

CAG'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

Posted in Audit | 9081 Views

UCO Bank invites application for Concurrent Auditors

15 July 2011 at 18:09

ANNEXURE. UCO BANK HEAD OFFICE KOLKATA UCO Bank invites applications from practicing firms of Chartered Accountants of India, in the prescribed format, who are willing to have their firm empanelled as Concurrent Auditors, in the Bank. I. ELI

Posted in Audit | 51501 Views

Circulation of Audited Accounts for the Year ended 2010-11 and Report of the Council

11 July 2011 at 11:26

As a part of the Green Initiative in Corporate Governance taken by the Ministry of Corporate Affairs by allowing paperless compliances by the companies, the Council of the Institute has decided to send the Audited Accounts and Report of the Counci

Posted in Audit | 6153 Views