Audit Current Affairs, GK & News
The National Financial Reporting Authority is creating a database of companies and auditors. What is the plan? As a first step of establishing the database, NFRA is to identify and verify the primary data sources. This is essential because certain data such as Company Identification Number is different from different sources. NFRA is to collect ..
Month: Current Affairs - May, 2021
Category: Economy & Banking Current Affairs
The National Financial Reporting Authority has taken stringent action against a high-profile chartered accountant with the Big 4 Audit Firms, Udayan Sen, for his role as engagement partner in the statutory audit of ILFS Financial Services Limited. The authority has barred Sen from practising for 7 years and has also slapped a penalty on him ..
Month: Current Affairs - July, 2020
Category: India Nation & States Current Affairs
The Union Ministry of Corporate affairs recently notified the Companies (Auditor’s Report) Order, 2020 (CARO 2020). As per the notification, all listed companies should mandatorily disclose all whistle-blower complaints to the auditor and the complaints should be mentioned in the audit reports. This mandate would be applicable to all audits from the financial year starting from ..
Rajiv Mehrishi, the Comptroller and Auditor General (CAG) of Indiam has been elected as external auditor of the World Health Organization (WHO) for four years from 2020 to 2023. He was elected at the 72nd World Health Assembly in Geneva in May 2019. This is the second major international audit assignment for the CAG this ..
Topics: Accounting • Audit • Auditing • Auditor general • Business • CAG • Comptroller and Auditor General • Comptroller and Auditor General of India • Controller and Auditor-General of New Zealand • External auditor • Government • Rajiv Mehrishi
The Union Cabinet has given its approval to create one post of Deputy Comptroller & Auditor General by abolishing one STS (Standard and Testing Staff) level post in the Office of the Comptroller Auditor General of India. Related Information The Deputy Comptroller & Auditor General shall oversee the coordination among State Audits audit of telecommunication ..
Topics: Accounting • Audit • Audit in India • Auditing • Auditor general • Business • CAG • Comptroller • Comptroller and Auditor General • Controller and Auditor-General of New Zealand • Government • Public Accounts Committee