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CONCURRENT AUDITING
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...- Delhi SIR: National capital to undergo Special Intensive Revision of voter rolls starting June 20Delhi's voter list revision starts June 20. Electors will get forms for verification. Booth Level Officers will visit homes. Names of absen...
- Freshworks cofounder Mathrubootham rejects ‘SaaSpocalypse’ prediction, says AI agents won’t kill industryMathrubootham said Anthropic’s February Claude Cowork plugins triggered a sell-off in markets across the globe, erasing $285 billion in sof...
- Absence of concurrent external audit a big gap at IndusInd BankThe lack of an external concurrent audit on IndusInd Bank's MTM derivative losses has exposed a significant vulnerability in internal proce...
- Cost accountants' institute asks govt to allow members to conduct financial audits of MSMEsThe institute has also sought permission for conducting financial audit of MSMEs and private limited companies as per global standards, con...
- Case for Concurrent Audit of FinanceThe way forward is to concurrent, real-time audit of financial entities, leveraging the new Account Aggregator framework, which operational...
- ICAI awaits information from PNB on Rs 12,700 crore scamIn the wake of the scam, the biggest in the country's banking sector, the ICAI had set up a high powered group to study the issues in PNB m...
- How to tackle bank fraud: PNB scam should pave the way to reforming the audit profession in IndiaThe standard response would be to dismiss frauds – be it the Satyam scam, the wilful defaults of banks, or the unearthing of shell entities...
- PNB scam raises questions over safety systems of banksWhile a private sector bank would have one or two auditors, the number runs into hundreds for state-run lenders.
- Centre seeks monthly NREGS social auditWith unemployment rate rising in rural areas, the government has asked all states to take stock of the implementation of the National Rural...
- RBI directs concurrent auditors to submit reports directly to banksThe Reserve Bank of India has asked concurrent auditors of commercial banks to do to submit their review of non-performing loans directly t...
- RBI issues new guidelines on concurrent auditing at branchesThe Reserve Bank said the concurrent audit at bank branches should cover at least half of their advances and deposits.
- RBI asks banks to do legal audit in case of loans above Rs 5 croreReserve Bank of India told banks to do legal audit and re-verification of title deeds of loans above Rs 5 crore to check fraud.
- Welfare schemes' auditing may start from March-endRs 76,000-cr development budget by working out the details of a mechanism that will audit welfare programmes as they are implemented.
- Rural Development Ministry proposes plan to assess effectiveness of welfare schemesThe rural development ministry is proposing to put in place a system to assess the effectiveness of welfare schemes even as they are implem...
- Analysing welfare schemes: Rural development minister Jairam Ramesh wants concurrent evaluationWith leakages, delays, and uneven implementation of welfare schemes like NREGA, blunting benefits to the poor, the rural development minist...
- Must resolve problem of delayed payment under NREGA: Manmohan SinghThe PM sought concurrent audit of rural development schemes even as he termed NREGA as a 'story worth telling'.
- Jairam Ramesh proposes concurrent audit of rural welfare schemesRamesh has put forward a proposal to PM outlining the concurrent evaluation to improve the efficiency & quality of outcomes of all rural sc...
- India Inc outsources audit jobs for transparencyAfter the Satyam scam, cos across industries outsource internal audit work to external firms for transparency. 10 New Year resolutions for ...
- Depositories finetune audit steps post Sebi crackdownSebi’s crackdown on depositories in the aftermath of the IPO scam has led to the latter tightening their internal audit mechanisms.
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