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AUDIT DEFICIENCIES
CAG flags shortcomings at Social Audit Unit of Assam; suggests corrective measuresAssam's Social Audit Unit is struggling with significant operational and governance issues. A CAG report reveals its registration expired f...- Education policy failure is being dressed up as innovation, employer abdication as a skills gapIndian universities are failing to equip graduates with needed skills. Private firms now offer expensive courses, creating a barrier for ma...
- IITs deny JEE Advanced data breach; CBSE files plaint over cyber attacksIITs have denied claims of a data breach on the JoSAA portal for JEE Advanced. They state a minor misconfiguration was immediately fixed wi...
- CBSE detects 3.8 mln malicious packets targeting revaluation portal, attack thwartedThe CBSE re-evaluation portal experienced a major cyberattack with millions of malicious packets. Security systems successfully blocked num...
- Flawed AI, deepfakes and geopolitical conflicts pose major risks to business: WiproIT major Wipro identifies Artificial Intelligence adoption as a significant risk. Flawed algorithms and biases could lead to legal and fina...
- Supreme Court pulls up Centre over food safety failures, seeks auditThe Supreme Court has directed the Centre and the Food Safety and Standards Authority of India to explain why a nationwide performance audi...
- US Market: Fed, FDIC push leaner, risk-focused bank supervisionUS financial regulators are enacting significant changes to bank oversight, moving away from detailed paperwork towards focusing on "materi...
- From queues to QR codes: A state in India may have found the fix for India’s fertiliser distribution woesWhile the Madhya Pradesh government projects it as a major reform to streamline fertiliser distribution, industry stakeholders say it’s sti...
- Delhi to add 13 more air quality monitoring stations this yearDelhi is set to receive 13 new air quality monitoring stations this year. The Delhi Pollution Control Committee is developing 10 of these, ...
- The stunning way China is using America's own playbook to hit the US where it hurts most, and Washington has no idea how to respondChina Detains Panama-Flagged Ships: Nearly 70 Panamanian vessels held in Chinese ports. COSCO suspending operations at Balboa. A $2 billion...
- Forget Vande Bharat, Shatabdi and Jan Shatabdi trains to get new seats, better toilets and smoother ridesShatabdi and Jan Shatabdi: Indian Railways has started a nationwide revamp of Shatabdi Express and Jan Shatabdi Express trains to significa...
- Bank pays Rs 3.21 lakh compensation to customer for delay in credit card closure; know what RBI rules sayAs per the Reserve Bank of India, any failure on the part of the card-issuers to complete the process of closure within 7 working days shal...
- Higher EPS Pension: EPFO can’t use the excuse of employer’s deficient system of recordkeeping as a ground to deny higher pension to employees, rules Bombay HCBombay High Court ruled in favour of six employees seeking higher pensions. The court stated the Employee Provident Fund Organisation (EPFO...
- Shake your proteins before you have 'emIn India, the protein gap is a growing concern, leading to a surge in the popularity of 'protein-washed' snacks, which are often laden with...
- NFRA report flags audit lapses at firms linked to PwC, EY, KPMG, BDOIndia's financial watchdog, NFRA, has released inspection reports on major audit firms. These reports highlight issues with audit independe...
- NFRA's next inspection to target audit firms with large client baseThe NFRA plans to focus on auditing firms with significant listed company audits, using data analytics to detect potential issues. Chairman...
- NFRA detects shortcomings in MSKA’s audit of related party transactionsNFRA uncovered significant deficiencies in the audit practices of MSKA & Associates, particularly in related party transactions. The audit ...
- DGCA found safety management system of 5 airlines deficient: GovernmentIn a serious lapse, the regulator found, there was a delay in carrying out the corrective actions for the "FOQA exceedances", Civil Aviatio...
- Internal audit now must for rating cosThe Securities and Exchange Board of India (Sebi) on Thursday made it compulsory for credit rating agencies (CRAs) to have internal audits.
- Internal audit now must for rating cosThe Securities and Exchange Board of India (Sebi) on Thursday made it compulsory for credit rating agencies (CRAs) to have internal audits.
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