Page-2 of Auditing Current Affairs, GK & News

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 plug loopholes. It will be independent from those it regulates for enforcement of auditing standards and ensuring quality of audits. National Financial Reporting Authority (NFRA) NFRA will ..

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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 and schemes a part of government practice. It was launched by Chief Minister Mukul Sangma at a national convention in Shillong. Key Facts Prior to enacting this ..

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CAG appointed as External Auditor of IAEA & WIPO

The CAG of India appointed as EXTERNAL AUDITOR of two major UN organizations:- The Vienna based International Atomic Energy Agency (IAEA) The Geneva based World Intellectual Property Organisation (WIPO) This for the first time that a supreme audit institution from outside Europe has been appointed to these prestigious positions in these two organizations The appointment ..

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