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 concluded, focusing on key updates. The revised standards will be sent to ..
Month: Current Affairs - November, 2024
Category: Legal & Constitution Current Affairs
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. This module, introduced through video conferencing at a virtual event, aims to ..
Month: Current Affairs - July, 2023
Category: India Nation & States Current Affairs
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). About NFRA National Financial Reporting Authority (NFRA) is a statutory body, established ..
Month: Current Affairs - March, 2022
Category: Economy & Banking Current Affairs
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 authority since its constitution in October 2018. The audit was conducted abiding ..
Month: Current Affairs - December, 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 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 ..
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 executives, CEOs, CFOs, CRO, Business Leaders, and Heads of Internal Audit. The ..