Audit News

The central government has ordered an audit of Aaditya Thackeray's ministry. Their work for the last two and a half years will be audited. Aaditya Thackeray was the Environment Minister in the Uddhav government.

BSE Monday directed brokers to submit internal audit report for the first half of the current financial year in electronic form by December 31.

As much as Rs 65,250 crore of undeclared assets were declared through 64,275 declarations through the one-time four-month compliance window provided under the Income Disclosure Scheme (IDS) that ended on September 30.

The Reserve Bank plans to procure an Audit Management and Risk Monitoring System (AMRMS) for the central bank from five "potential shortlisted" solution providers, including PwC and Quadrant 4 Software Solutions.

Three private power companies had challenged the AAP government's decision to get their accounts audited by the CAG in the High Court.

"The cabinet has unanimously approved the finance minister's recommendation that general secretary for public revenue (Katerina) Savvaidou be removed from her duties," government spokeswoman Olga Gerovassili said.

Government auditor CAG has suggested to the Central Board of Direct Taxes to introduce centralised monitoring mechanism to timely deal with the internal audit objections.

The companies that fail to submit a compliance report to the exchanges would face penal action by the regulators, a senior official said.

Bureaucrats need not fear CAG if their decisions are transparent, correct and judicious, the Comptroller and Auditor General (CAG) Shashi Kant Sharma said on Friday.

There had been allegations of 'gold-plating' worth billions of dollars by RIL in this project, while it has also been alleged that the contract was biased towards the company.

Amid continuing difficulties in airline space to generate profits and raise funds, independent auditors of at least two Indian carriers have raised red-flags over their 'going concern' status claims.