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MALPRACTICES IN AUDITS
Assam CM reviews preparedness for NEET-UG 2026 re-examinationAssam Chief Minister Himanta Biswa Sarma reviewed preparations for the NEET-UG 2026 re-examination. Over 43,000 candidates will appear at 8...- The curious case of Rajesh Exports: Massive revenues, meagre profitsIndia's fourth-largest company, Rajesh Exports, faces a Sebi probe for alleged financial fraud. Investigations point to accounting irregula...
- Healthcare isn't a luxury: Balancing private equity growth with patient affordability in IndiaPrivate equity has boosted India’s healthcare capacity and efficiency, but rising costs and premiums risk limiting access. Strong regulatio...
- Chip, chip, chipping away: Are GoI & Election Commission rewriting poll rules unilaterally and putting democracy in peril?A proposed change to Lok Sabha seats and issues with voter roll revisions raise concerns. Independent institutions, like the Election Commi...
- India’s Digital Health Framework: Scale is clear, scope still a work in progressIndia's digital success, seen in UPI and CoWIN, proves its ability to scale population-level systems.
- ICAI to limit individual tax audits by chartered accountants to 60 annually from 2026-27Chartered accountants will face a limit of 60 tax audits annually. The Institute of Chartered Accountants of India will implement this from...
- Political economy affects audit qualityTransparent political funding will remove the pressure on industry to build war chests with funds diverted from loans.
- Spare no efforts to ensure integrity of examination process at all costs: Parliamentary panel to SSCIn its report tabled in the Parliament recently, the committee said it is of the view that there is a proportionate relationship between th...
- View: A forensic audit of a sample of EVMs after counting is must to detect malpracticesAny machine that uses a programmable microprocessor can be programmed to behave in a particular fashion.
- Air Works releasing planes without fixing defects: DGCA auditDuring the audit, DGCA also found that dedicated store inspectors had not been made responsible for the Juhu (Mumbai) and Pune facilities, ...
- Army seeks FMCG help to clean up canteensCSD, also referred to as the Army Canteen, said it posted sales of Rs 18,000 crore in FY18 through its outlets. It accounts for 5-7% of Ind...
- Need to eliminate ad hocism in auditor selection at PSBs: ICAIIn the wake of the concerns flagged by the ICAI, the RBI has advised PSBs to put in place a fair and transparent mechanism for appointment ...
- $38 billion state funds misused: China's chief auditorChina's top auditing body has found misuse of over $38 bn funds in its latest audit leading to investigations against 321 officials, state ...
- $38 billion state funds misused: China's chief auditorNAO had handed over 321 officials and related staff to judicial and discipline inspection authorities, the Global Times quoted Liu as sayin...
- CAG vs RIL: Company wants financial audit, auditor sticks to demand for performance auditCAG has objected to the government's move to narrow the scope of audit of Reliance Industries-operated KG-D6 block.
- Bombay High Court dismisses petition against Anna HazareBombay High Court today dismissed a public interest litigation filed by a Pune-based activist seeking investigations into the trust of Anna...
- Civil society opposes Sarpanch auditing own work under NREGACivil society groups have opposed a government proposal to rid its flagship rural jobs guarantee programme of malpractices, saying the plan...
- CAG for directorate of social audit in states for MGNREGAThe audit watchdog has recommended this as part of the new audit regime that is likely to scrutinise the flow of hundreds of crores of rupe...
- ICAI wants whistleblower system in audit firmsA YEAR after the Satyam scandal, the accounting regulatory body, the Institute of Chartered Accountants of India (ICAI), has recommended se...
- $ 3.6 bn misused by Chinese ministries in 2006Several ministries of the Chinese government, including the top planning agency and the Foreign Ministry, misused a whopping $ 3.6 billion ...
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