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Posted Date : 31-May-2011 , 09:32:50 pm | Posted By CASANSAAR
The Joint Parliamentary Committee (JPC) probing the 2G scam on Monday questioned Comptroller and Auditor General of India (CAG) Vinod Rai on how the department estimated the presumptive loss at Rs 1.76 lakh crore, and also whether it had the mandate to look into a policy decision. S...
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Posted Date : 22-May-2011 , 08:52:08 pm | Posted By CASANSAAR
US market regulator SEC has asked IT major Wipro to prove independence of its auditor KPMG India, failing which the company may have to appoint new auditors or get its business books audited again. "We have received a voluntary document request from the SEC's Division of Enforcement. The document re...
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Posted Date : 20-May-2011 , 12:05:11 pm | Posted By CASANSAAR
The government today allowed companies to hold annual general meetings through video conferencing, with a view to provide larger participation and for curbing costs, borne by the shareholders to attend AGMs.Accordingly, a company would have to send a notice informing shareholders about "the availabi...
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Posted Date : 11-May-2011 , 09:03:33 pm | Posted By CASANSAAR
The commission, which wants all such transactions to be done through cheques and demand drafts and audited by those in the CAG list, will take up the matter with all the political parties soon, sources said. “There should be complete transparency in political funding. Payment sh...
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Posted Date : 02-May-2011 , 09:36:53 pm | Posted By CASANSAAR
PricewaterhouseCoopers affiliates agreed to pay $25.5 million to former Satyam Computer Services Ltd investors to settle US litigation over the audit of the Indian outsourcing company. The settlement came four weeks after PwC agreed to pay a record $7.5 million US penalty over its auditing work for...
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Posted Date : 24-Apr-2011 , 08:38:48 am | Posted By CASANSAAR
SEBI has modified the norms for appointment of its internal auditor, a move that enabled the capital market regulator to retain chartered accountants firm Chokshi & Chokshi for two more years.The decision to give a two-year extension to the firm was taken at the last Board meeting of the Securit...
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Posted Date : 21-Apr-2011 , 11:02:30 am | Posted By CASANSAAR
The Supreme Court today cancelled the bails granted to Price Waterhouse partner Subramani Gopalakrishnan and Satyam's internal auditor V S Prabhakar Gupta, directing them to surrender by April 30.A bench comprising Justice P Sathasivam and Justice B S Chauhan cancelled their bail and directed them t...
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Posted Date : 12-Apr-2011 , 08:03:59 am | Posted By CASANSAAR
In a confidential report, the V K Shunglu committee on Commonwealth Games irregularities has recommended that the office of the Comptroller and Auditor General be itself audited by independent auditors appointed by a parliamentary panel. In its report on "systemic changes" submitted to Prime Mini...
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Posted Date : 14-Mar-2011 , 09:34:29 pm | Posted By CASANSAAR
The Securities Appellate Tribunal today adjourned the hearing in the PriceWaterhouseCoopers-Sebi case to March 15, a company official said. The matter came before SAT yesterday. The case relates to the multi-crore rupee Satyam accounting scam wherein...
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Posted Date : 14-Mar-2011 , 09:29:24 pm | Posted By CASANSAAR
The Delhi High Court Monday directed the Comptroller and Auditor General (CAG) to submit its audit report on 25 elite private schools that had complained of facing a financial burden because of having to pay teachers higher salaries recommended by the 6th Pay Commission. J...
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Posted Date : 14-Mar-2011 , 09:25:49 pm | Posted By CASANSAAR
Entrusted with the task of improving the social audit process in MGNREGA following reports of malpractices and corruption, the Comptroller and Auditor General has recommended to the states to set up directorates to train auditors from civil society. The audit watchdog has recommende...
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Posted Date : 14-Mar-2011 , 12:19:02 pm | Posted By CASANSAAR
The comptroller & auditor general of India (CAG) will undertake a comprehensive audit of the country’s total available spectrum, as well as its strategic and commercial use. It will also determine whether the government has received fair value from the commercial use of spectrum. ...
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Posted Date : 14-Mar-2011 , 08:45:25 am | Posted By CASANSAAR
The process of appointing auditors for cooperatives is expected to become more transparent. So far the chartered accountants taking up the audit of an urban cooperative bank or a cooperative society would directly get empanelled with the state's cooperation department. It has now been d...
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- Income Tax Dept serves notices to salaried individuals for documentary proof to claim exemptions
- Bank Branch Audit 2021 - Update on allotment of Branches
- Bank Branch Audit 2020 Updates
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- Bank Branch Audit 2020 - Update on Allotment of Branches
- Police Atrocities towards CA in Faridabad - Its Time to be Unite
- Bank Branch Statutory Audit Updates 2019
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- Bank Branch Audit 2022 Updates
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- NFRA Imposes Monetary penalty of Rs 1 Crore on M/s Dhiraj & Dheeraj
- ICAI notifies earlier announced CA exam dates despite pending legal challenge before SC
- NFRA debars Auditors, imposes Rs 50 lakh penalties for lapses in Brightcom, CMIL cases
- GST Important Update - Enhancement in the GST Portal
- NFRA Slaps Rs 5 lakh Penalty on Audit Firm for lapses in Vikas WSP Audit Case
- CBDT extends due date for filing Form 10A/10AB upto 30th June, 2024
- RBI comes out with FEMA regulations for direct listing on international exchange
- RBI directs payment firms to track high-value, fishy transactions during elections
- NCLT orders insolvency proceedings against Subhash Chandra
- Income Tax dept starts drive to dispose of appeals, 0.54 million at last count
- Payment of MCA fees –electronic mode-regarding
- Budget '11-12' Parliament Completes Approval Exercise
- Satyam restrained from operating its accounts
- ICICI a foreign firm, subject to FDI norms: Govt
- Maha expects Rs 15 crore entertainment tax revenue from IPL
- CAG blames PMO for not acting against Kalmadi
- No service tax on visa facilitators: CBEC
- Provision of 15-minutes reading and planning time allowance to the candidates of Chartered Accountants Examinations
- Companies Bill to be taken up in Monsoon Session
- File Service Tax Return in time as Maximum Penalty increased 10 times to Rs. 20000
UNIQUE AUDITING NEWS ON CASANSAAR FOR AUDITING ACCOUNTING,INTERNAL AUDIT,CA,CA FIRMS, Audit Report,Bureau Of Circulation,Procedure,Types Of Audit News
