Search result for 'auditing'

34.84 Lakh IT Audit Reports Filed on e-filing Portal

October 9, 2024 19:15

Over 34.84 lakh IT audit reports, including 34.09 lakh Tax Audit Reports (TARs), have been filed on the e-filing portal up to Oct 7, according to the finance ministry.

NFRA Aims for Global Accounting & Auditing Standards

October 8, 2024 19:57

NFRA Chairman emphasizes incorporating global standards for accounting and auditing to foster large Indian firms. He highlights corporate failures and the need for high-quality reporting and...

Gensol Engineering Appoints Ankit Jain as CFO

October 7, 2024 13:19

Gensol Engineering has appointed Ankit Jain as its new Chief Financial Officer, replacing Jabir Mahendi Aga who is moving to an expanded leadership role within the Gensol Group.

NFRA Warns Auditors on Group Audit Obligations

October 3, 2024 20:24

NFRA highlights the importance of statutory auditor obligations in group audits, citing instances of audit failures and emphasizing the need for proper interpretation of SA 600.

Air Kerala Appoints VP for Operations & Security

October 2, 2024 14:34

Air Kerala, a startup carrier, has appointed C S Randhawa as VP for operations and Ashutosh Vashishth as VP for security. The appointments come as Air Kerala prepares for its launch early next year.

Rural India Development Key for Viksit Bharat by 2047: CAG

October 1, 2024 14:32

CAG emphasizes the importance of rural development for achieving India's Viksit Bharat goal by 2047, highlighting the need for strengthening local bodies and ensuring efficient implementation of...

I-T Audit Report Filing Date Extended to Oct 7

September 30, 2024 10:08

The income tax department has extended the deadline for filing audit reports for 2023-24 to October 7, citing difficulties faced by taxpayers in electronic filing.

CAG Develops AI for Faster Audit Reports

September 25, 2024 18:47

India's Comptroller and Auditor General (CAG) is developing its own AI system to speed up the writing of audit reports. The CAG also discussed capacity-building and IT audit frameworks at the...

President Murmu Stresses Timely Audit of Public Finance

September 24, 2024 12:50

President Droupadi Murmu emphasized the importance of timely audits for effective public finance management, highlighting the need for audit bodies to adapt to technological advancements.

CAG Murmu: Audit Bodies Must Address Privacy Risks, AI Bias

September 24, 2024 12:12

CAG of India Girish Chandra Murmu calls on audit bodies to address growing risks of privacy breaches, algorithmic biases, and social exclusion. He emphasizes the need for scrutinizing AI and...

ICAI Criticizes NFRA's SA 600 Revision Plan

September 20, 2024 17:12

ICAI seeks more time to review NFRA's proposed changes to auditing standard SA 600, arguing the move was surprising and could negatively impact small and medium CA firms.

NFRA Proposes Changes to Audit Standard SA 600 for Investor Protection

September 17, 2024 19:36

NFRA proposes changes to auditing standard SA 600, aiming to protect investors' interest and address concerns over audit quality in group companies.

PwC Banned in China for Evergrande Audit - $56.4M Fine

September 13, 2024 14:45

PwC has been banned for six months and fined $56.4 million in China for its role in auditing the collapsed property developer Evergrande. This is the heaviest penalty for an international...

DGCA Orders Audit of Flying Training Organisations

September 12, 2024 17:51

India's aviation watchdog, DGCA, has ordered a special audit of flying training organisations (FTOs) following recent accidents involving training aircraft. The audit will assess safety standards,...

ICAI to Discuss Changes to Auditing Standard SA 600

August 30, 2024 18:55

The ICAI central council will discuss proposed changes to auditing standard SA 600 on September 17, amid concerns that the updates could concentrate audit work with fewer firms.

CAG & Saudi Arabia Sign Pact to Strengthen Audit Cooperation

August 30, 2024 16:00

The Comptroller and Auditor General of India (CAG) has signed an MoU with the General Court of Audit of Saudi Arabia to enhance cooperation in public sector auditing, including joint training...

Sebi Warns of SME Share Price Manipulation - Investor Caution Urged

August 28, 2024 17:25

SEBI cautions investors against investing in SME companies suspected of share price manipulation, urging them to be vigilant and rely on verified information. Promoters of some SME companies have...

CAG signs MoU with Bahrain's National Audit Office

August 28, 2024 15:04

The Comptroller and Auditor General of India (CAG) has signed a MoU with Bahrain's National Audit Office to enhance audit collaboration and professional development.

Resourceful Automobile IPO Oversubscribed 419 Times

August 27, 2024 16:30

Resourceful Automobile's Rs 12-cr IPO was oversubscribed 419 times, attracting bids worth Rs 4,800 cr. Experts warn of market frenzy and risks associated with SME IPOs.

Sebi Urges CAs to Scrutinize SME Audits

August 23, 2024 15:54

Sebi's Ashwani Bhatia calls on chartered accountants to be more diligent in auditing listed SMEs, citing concerns over price manipulation and future growth. He emphasizes the importance of their...

India's CAG Signs Pact with Uzbekistan's Chamber of Accounts

August 14, 2024 16:40

India's Comptroller and Auditor General (CAG) has signed an MoU with Uzbekistan's Chamber of Accounts to enhance auditing collaboration and exchange expertise between the two nations.

NPCI Restores Connectivity After C-Edge Ransomware Attack

August 1, 2024 19:27

NPCI has re-established connectivity with C-Edge Technologies' systems after a ransomware attack, restoring services like ATM withdrawals and UPI payments for customers of around 300 lenders.

Airport Structural Stability Audits After Roof Collapses

July 22, 2024 16:52

India's aviation regulator mandates third-party structural audits of airport buildings following roof collapses at Delhi, Jabalpur, and Rajkot airports.

CAG Murmu: AI Transforming Public Auditing

July 21, 2024 15:25

India's CAG, Girish Chandra Murmu, highlights the transformative impact of AI on public auditing, citing collaborations and initiatives to enhance efficiency and accountability.

Strengthening Local Gov't for SDGs: CAG

July 18, 2024 13:16

Comptroller & Auditor General of India stresses the crucial role of local governments in achieving Sustainable Development Goals, fostering citizen engagement, and improving accountability.

International Centre for Audit of Local Governance Inauguration in Rajkot

July 17, 2024 14:28

Comptroller and Auditor General of India Girish Chandra Murmu will inaugurate the International Centre for Audit of Local Governance (iCAL) in Rajkot on Thursday, aiming to enhance audit capacity...

RBI Flags Concerns Over NBFC Disclosures | Financial News

July 10, 2024 15:59

RBI Deputy Governor M Rajeshwar Rao expressed concerns over the quality of disclosures made by some NBFCs, urging auditors to ensure proper qualitative information for stakeholders.

Banking Sector Strong, Ready to Support Growth - RBI

July 9, 2024 19:47

RBI Deputy Governor says banking sector is in excellent financial health and poised to support India's economic growth. Auditors have a crucial role in maintaining financial stability and integrity.

India Aims for 'Big Four' Accounting Firms: Govt Plans Aggregation, Insurance Standards

July 1, 2024 21:03

India's government is working with ICAI to create a global 'Big Four' of accounting firms. Plans also include new accounting standards for the insurance sector and LLPs.

CAG Inaugurates Chadwick House Museum in Shimla

June 24, 2024 12:06

Comptroller and Auditor General of India Girish Chandra Murmu inaugurated the 'Chadwick House Navigating Audit Heritage' Museum in Shimla, showcasing the evolution and achievements of the CAG.

Sebi Issues Guidelines for Clearing Member System Audit

June 20, 2024 20:14

Sebi has issued guidelines for system audits of professional clearing members (PCMs), including requirements for reporting non-compliances and auditor selection.

Air India Express Passes IATA Safety Audit

June 17, 2024 20:26

Air India Express has successfully completed the IATA Operational Safety Audit (IOSA), demonstrating its commitment to safety standards.

NFRA Chief: Auditors Must Ensure True & Fair Financial Statements

May 31, 2024 19:00

NFRA chief Ajay Bhushan Prasad Pandey stresses the importance of audit committees asking questions to ensure financial statements are accurate and fair. He also highlights the need for companies to...

NFRA Fines Auditors Rs 2.5 Cr in Reliance Commercial Fin Case

May 20, 2024 17:34

The National Financial Reporting Authority (NFRA) has imposed a Rs 2.5 crore penalty on two auditors for professional misconduct and auditing lapses in the Reliance Commercial Finance case for...

ICAI Punishes PwC Affiliates for Professional Misconduct

May 17, 2024 21:24

The Institute of Chartered Accountants of India (ICAI) has penalized five affiliates of Price Waterhouse for professional misconduct, including sharing resources and using the PwC brand. Learn more.

Polish Farmers Protest EU Climate Policies & Tusk's Government

May 10, 2024 19:09

Polish farmers protested EU climate policies and Tusk's government in Warsaw, criticizing the Green Deal and its impact on agriculture.

BLS International Wins Visa Outsourcing Contract in Morocco

May 9, 2024 20:35

BLS International has secured a contract with the Embassy of Portugal to provide visa outsourcing services in Morocco, expanding its presence in the region.

India, Nepal Auditors Sign MoU for Collaboration

May 2, 2024 22:13

The Comptroller and Auditor General of India (CAG) and the Auditor General of Nepal signed an MoU to enhance collaboration and exchange expertise in auditing.

India, Nepal Auditors Sign MoU for Audit Collaboration

May 2, 2024 21:33

India's CAG and Nepal's Auditor General signed an MoU to enhance collaboration and exchange of knowledge in the field of auditing.

ICAI Orders Against EY Affiliates for Professional Misconduct

April 28, 2024 23:09

The Institute of Chartered Accountants of India (ICAI) has ordered against three EY affiliates and a retired partner for professional misconduct, including using global network branding and failing...

ICAI Orders Against EY Affiliates for 'Professional Misconduct'

April 28, 2024 19:01

The Institute of Chartered Accountants of India (ICAI) has passed an order against three EY affiliates and a retired partner for 'professional misconduct'. The order, dated April 25, is against S R...

NFRA Fines Audit Firm Rs 50 Lakh, Imposes 2-Year Ban

April 26, 2024 20:38

The National Financial Reporting Authority (NFRA) has imposed a penalty of Rs 50 lakh on PCN & Associates and Rs 30 lakh on an auditor for auditing lapses. The audit firm and the individual...

NFRA Fines Audit Firm Rs 5 Lakh for Vikas WSP Audit Lapses

April 25, 2024 19:58

NFRA has penalized an audit firm Rs 5 lakh for professional misconduct and lapses in auditing Vikas WSP Ltd's FY20 financials, citing overstatement of profits due to unrecognised interest expense.

CAG & SAI Bulgaria Sign Pact for International Collaboration

April 19, 2024 16:32

The Comptroller & Auditor General of India (CAG) signs an MoU with SAI Bulgaria to enhance collaboration in auditing, promoting knowledge exchange and capacity development.

Sebi Standard Format for AIF PPM Audit Report

April 18, 2024 21:13

Sebi has introduced a standard reporting format for AIF PPM audit reports, aiming for uniform compliance and ease of reporting. The new format will be applicable for financial year ending March 31,...

Sebi Fines LEEL Electricals Rs 14 Cr for Accounts Manipulation

April 18, 2024 20:12

Sebi has slapped fines totaling Rs 14.2 crore on LEEL Electricals' promoter and six former officials for manipulating the company's accounts. The individuals have also been barred from the...

NFRA Fines Auditors for Reliance Capital Audit Lapses

April 15, 2024 13:14

The National Financial Reporting Authority (NFRA) has fined Pathak H D & Associates, Parimal Kumar Jha and Vishal D Shah for auditing lapses in Reliance Capital's financials in 2018-19. The...

Biden vs. Trump: Tax Day Shows Governing Split

April 15, 2024 11:41

Tax Day highlights contrasting tax policies and financial transparency between Biden and Trump, revealing a stark split in their governing approaches.

Air India Hires 5,700+ Staff in FY24: Transformation Plan

April 5, 2024 20:39

Air India hired over 5,700 employees, including 3,800 flying crew, in FY24, as part of its five-year transformation plan. The airline also launched 16 new routes and inducted new aircraft.

I-T Dept Extends Deadline for Trust Audit Reports

March 5, 2024 20:14

India's income tax department has extended the deadline for trusts and institutions to file audit reports in the correct form until March 31, 2024. This extension applies to those who filed...

NFRA Enhances Audit Quality with Independent Directors & Committees

March 5, 2024 18:03

The NFRA engages with audit committees & independent directors to improve audit quality & corporate governance, harnessing big data & AI for accurate financial reporting.

CAG Murmu: Auditors Must Engage Stakeholders for Transparency

March 1, 2024 18:44

CAG of India Girish Chandra Murmu stresses the importance of auditor engagement with stakeholders to promote transparency and accountability in local government operations. The three-day...

Imran Khan Urges IMF Audit Before Pak Bailout Talks

February 29, 2024 16:14

Imran Khan, Pakistan's former PM, has written to the IMF urging an audit of the recent elections before any bailout talks. He alleges election rigging and seeks IMF intervention for a fair assessment.

IMF to Work with New Pakistan Govt, Mum on Imran Khan's Election Audit Demand

February 23, 2024 18:05

The IMF is ready to work with Pakistan's new government to ensure macroeconomic stability, but remains silent on Imran Khan's demand for an election audit before approving any new loan.

IMF to Work with New Pakistan Govt, Ignores Imran Khan's Election Audit Demand

February 23, 2024 14:56

The IMF is ready to cooperate with Pakistan's new government for economic stability, but remains silent on Imran Khan's call for an election audit.

Imran Khan Urges IMF Audit Before Pakistan Loan

February 22, 2024 21:16

Jailed former Pakistani PM Imran Khan demands IMF audit of controversial elections before any loan, claiming vote rigging. His opponents criticize his move as harmful to the country.

Bandhan Bank Confident of Microloan Claim Settlement - NCGTC Audit

February 13, 2024 20:29

Bandhan Bank is cooperating with the NCGTC audit on microloans and is confident that its claims from the Credit Guarantee Fund for Micro Units will be settled favorably.

Sebi Settles Audit Committee Violation Case - Rs 42 Lakh Paid

February 13, 2024 18:34

Four individuals settled a case with Sebi for alleged failure to perform their duty as members of the audit committee of Binny Ltd. They paid over Rs 42 lakh collectively to settle the case.

India Telecom Data Leak: 750 Million Users Affected, DoT Orders Audit

January 29, 2024 21:40

A cybersecurity firm claims 750 million Indian telecom users' data has been leaked. The DoT has ordered a security audit of telco systems. Read more.

FAA Audits Boeing After Jetliner Mishap

January 12, 2024 19:37

The FAA will audit Boeing's production after a panel blew off a 737 Max 9 jetliner in midflight. The agency is also increasing oversight of the troubled manufacturer.

Bandhan Bank: NCGTC to Audit Credit Guarantee Claims

January 9, 2024 20:58

Bandhan Bank announces NCGTC will conduct a detailed audit of claims filed under a credit guarantee scheme. The bank says it will fully cooperate and is confident of claim recovery.

NFRA Bans 2 Auditors for Misconduct in Seya, SRS Cases

January 9, 2024 19:31

The National Financial Reporting Authority (NFRA) has barred two auditors for professional misconduct in the Seya Industries and SRS Real Infrastructure matters, imposing fines of Rs 20 lakh and Rs...

ICAI Launches Training for Panchayat & Municipal Accountants

December 16, 2023 19:53

The Institute of Chartered Accountants of India (ICAI) launches a nationwide training program to strengthen financial governance in panchayats and municipalities. The initiative includes an MoU...

India's Services Exports Hit USD 192 Billion: SEPC

December 13, 2023 13:17

India's services exports have reached USD 192 billion so far this fiscal, driven by strong growth in sectors like telecom, computer, and travel. The SEPC aims for USD 400 billion by 2023-24.

DHFL Audit: 2 Auditors Banned, Rs 10 Lakh Fine

December 7, 2023 19:17

NFRA bans two auditors for up to 10 years and fines them Rs 10 lakh for professional misconduct in the DHFL audit for FY 2017-18. The auditors failed to meet audit standards, including branch...

Silkyara Tunnel Project to Continue After Safety Audit

November 29, 2023 16:46

The Silkyara tunnel project in Uttarakhand, part of the Char Dham Yatra All Weather Road, will continue after safety audit and repairs following a collapse that trapped workers.

MAN Industries Auditor Banned 5 Years for Lapses

November 24, 2023 21:23

NFRA bans auditor for 5 years and imposes Rs 5 lakh fine for professional misconduct in MAN Industries audit for FY17. The regulator found several lapses in the audit.

Himachal Tunnel Safety Audit: NHAI Orders Third-Party Inspection

November 24, 2023 20:09

NHAI orders third-party safety audit of 12 under-construction tunnels in Himachal Pradesh, following Uttarkashi tunnel tragedy. Vertical drilling machines will be stationed for emergencies.

Company Name
Price
Volume

Standard Capital
1.51 ( 0.00)
32278824

Vodafone Idea L
9.19 (+ 0.99)
23770609

Srestha Finvest
0.81 ( -4.71)
23291353

Spicejet Ltd.
66.85 (+ 1.73)
11329289

Rajnish Wellness
3.01 (+ 3.44)
10229384

Avaada Energy Refinances Rs 597 cr Solar Projects

Avaada Energy secures Rs 597 crore refinancing from NIIF IFL for its solar projects in...

Hyundai Motor India IPO Subscribed 9% on Day 1...

Hyundai Motor India's IPO, India's largest, received 9% subscription on Day 1. The Rs...

Soybean Production Surges 6% to 126 Lakh Tonnes...

Soybean production in India has risen to 126 lakh tonnes due to favorable weather and...

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