NFRA creates Database of companies and auditors

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 ..

Month: Current Affairs - May, 2021

NFRA bans CA Udayan Sen from Auditing for 7 years

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 ..

Month: Current Affairs - July, 2020

Ministry of Corporate affairs notifies CARO 2020

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 ..

Rajiv Mehrishi elected as external auditor of WHO

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 ..

Cabinet Approves the Creation of Sixth Deputy CAG Post

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 ..

Rajiv Mehrishi appointed as Vice-Chair of UN Panel of Auditors for 2019

Rajiv Mehrishi, the Comptroller and Auditor General (CAG) of India, has been appointed as Vice-Chair of UN Panel of Auditors for the year 2019. The United Nations Panel of Auditors consists of External Auditors of the United Nations and its ..