Current Affairs

GK MCQs Section

Topic: Auditing

NFRA Approves Revised Auditing Standards

The National Financial Reporting Authority (NFRA) has recently approved a revised version of 40 auditing standards. This decision aligns with international auditing standards (ISA). The NFRA Board’s meeting...

November 14, 2024

ATR Module of AuditOnline

In a significant move towards promoting transparency and accountability in Panchayat audits, the Ministry of Panchayati Raj (MoPR) has launched the Action Taken Report (ATR) Module of AuditOnline....

July 14, 2023

National Financial Reporting Authority – Update (March, 2022)

The Appointments Committee of the Cabinet (ACC) has approved the appointment of former finance secretary Ajay Bhushan Pandey as the chairperson of the National Financial Reporting Authority (NFRA)....

March 12, 2022

National Financial Reporting Authority submits first report since constitution

The National Financial Reporting Authority (NFRA) issued its first audit report of IL&FS Financial Services Limited for the year 2017-18. It is the first report submitted by the...

December 13, 2019

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...

June 4, 2019

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...

April 17, 2019

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...

December 12, 2018

Deloitte India Risk Survey 2018

Deloitte is a multinational professional services network and one of the “Big Four” accounting organizations. About the Survey: Deloitte India Risk Advisory surveyed more than 100 stakeholders covering board level...

September 12, 2018

Cabinet approves establishment of National Financial Reporting Authority

The Union Cabinet approved establishment of National Financial Reporting Authority (NFRA) as an independent regulator for the auditing profession. It aims to tighten regulatory oversight over auditors and...

March 2, 2018

Meghalaya launches India’s first social audit law

Meghalaya became first state in country to operationalize The Meghalaya Community Participation and Public Services Social Audit Act, 2017, a law that makes social audit of government programmes...

December 16, 2017

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