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RBI shortlists 5 cos for audit and risk monitoring mechanism

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.

Set back for Kejriwal, no CAG audit of discoms' accounts, says HC

Set back for Kejriwal, no CAG audit of discoms' accounts, says HC

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

Greece sacks tax chief during EU-IMF audit

"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.

Have centralised monitoring for audit objections: CAG to CBDT

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.

Sebi, exchanges ask 75 firms to restate a/c on audit red-flags

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

Nothing to fear from audit if decisions are transparent: CAG

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.

AFC general secretary suspended over `cover up`

AFC general secretary suspended over `cover up`

Asian Football Confederation general secretary Alex Soosay was suspended on Wednesday over allegations he tried to hide documents during an audit that was prompted by corruption claims.

J&K Govt failed to surrender Rs 7,424 crore saving: CAG

The Jammu and Kashmir government during 2013-14, failed to surrender Rs 7,424.66 crore saving amount, the Comptroller and Auditor General has said.

Auditor-General to carry out an audit of Pakistan Hockey Federation

Auditor-General to carry out an audit of Pakistan Hockey Federation

The Auditor-General of Pakistan is set to carry out an audit of the national hockey federation (PHF) accounts from 2008 to 2014 on the instructions of the finance ministry.

Audit should not be dampener for private firms: Singh told CAG

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.

Airlines run into audit red-flags over 'going concern' status

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.

No relief for discoms; Delhi HC defers hearing on CAG audit

The Delhi High Court Monday deferred the hearing on the plea by three private discoms to stay the city government's decision asking the Comptroller and Auditor General of India (CAG) to audit their accounts.

Cooperating with CAG in auditing: Discoms to HC

The private discoms supplying power in the national capital on Friday told Delhi High Court that they have been cooperating with the Comptroller and Auditor General (CAG) in the audit of their accounts.

HC directs discoms to cooperate with CAG in audit

New Delhi: The Delhi High Court on Monday directed three discoms of Tata Power and Reliance ADAG to comply with its single judge`s order and cooperate with CAG in the audit process.

BJP against tariff hike till CAG audit is over

The BJP`s Delhi unit today said that Delhi Electricity Regulatory Commission (DERC) should direct the power companies not to increase tariff till the audit by the CAG is complete.

CAG scrutinising accounts of Delhi discoms

The Comptroller and Auditor General (CAG) has started scrutinising accounts of the three private power distribution companies amid their confrontation with the Delhi Government over a number of issues.

Audit private firms utilizing public resources: Left

Four Left parties on Wednesday demanded audit of private companies that utilize public resources to deliver basic services.

China to audit military officials in move to fight graft

Chinese military officials will face audits before they can retire or get promotions, state media reported on Tuesday, although a lack of transparency could limit the effectiveness of the latest measure against corruption.

CAG Vinod Rai does not meet entities being audited

The Comptroller and Auditor General on Thursday said CAG Vinod Rai does not meet the representatives of entities while their audit is in progress.

Make mandatory audit of funds received by pol parties: Ex-CEC

Former Chief Election Commissioner S Y Quraishi has proposed mandatory annual audit of funds and donations received by political parties.