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SFIO to engage in CA™s for probe-related works

To bolster its capabilities in probing white collar crimes, the Serious Fraud Investigation Office (SFIO) will hire chartered accountants to help in matters related to forensic audit and financial data analysis.

SFIO, which comes under the Corporate Affairs Ministry, has been looking to rope in more people, including financial experts to “critically analyse” announcements made by corporate entities.

The Supreme Court-appointed Special Investigation Team (SIT), in its latest report on steps to curb the black money menace, has suggested a more active role for SFIO.

The investigative agency is now looking for chartered accountants “for empanelment to take up assignments relating to forensic audit, analysis of financial data, interpretation of financial statements etc in connection with investigations under the provisions of Companies Act, 2013”, according to a public notice.

The agency was looking to recruit as many as six consultants in financial analysis and they would be required to analyse financial statements/data available in the government’s MCA 21 portal.

The portal, under the Corporate Affairs Ministry, is the platform for entities registered under theCompanies Act to make their statutory filings.

To check creation of shell companies, SIT has said that SFIO “needs to actively and regularly mine the MCA 21 database for certain red flag indicators”.

To bolster its capabilities in probing white collar crimes, the Serious Fraud Investigation Office (SFIO) will hire chartered accountants to help in matters related to forensic audit and financial data analysis.

SFIO, which comes under the Corporate Affairs Ministry, has been looking to rope in more people, including financial experts to “critically analyse” announcements made by corporate entities.

The Supreme Court-appointed Special Investigation Team (SIT), in its latest report on steps to curb the black money menace, has suggested a more active role for SFIO.

The investigative agency is now looking for chartered accountants “for empanelment to take up assignments relating to forensic audit, analysis of financial data, interpretation of financial statements etc in connection with investigations under the provisions of Companies Act, 2013”, according to a public notice.

The agency was looking to recruit as many as six consultants in financial analysis and they would be required to analyse financial statements/data available in the government’s MCA 21 portal.

The portal, under the Corporate Affairs Ministry, is the platform for entities registered under theCompanies Act to make their statutory filings.

To check creation of shell companies, SIT has said that SFIO “needs to actively and regularly mine the MCA 21 database for certain red flag indicators”.

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Manual for Scrutiny of Service Tax Returns

http://centralexcisetrichy.gov.in/pdffiles/auditservicetax.pdf

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https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=9962&Mode=0

Auction of Government of India Dated Securities

 

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5. GST Bill reworked and is all set to go (publish)

The GST Committee has analysed and pointed out every difference in the GST Bill. The Government should therefore be able to pass it in this session of Parliament if it comes to working, Nirmala Sitharaman, Union Minister of State for Commerce and Industry.

Stating that the committee formed to iron out the differences has done a detailed thrashing of the various processes, she said, the GST bill itself, prior to the GST Bill per se needs a constitution amendment. The first step therefore is constitution amendment and then the Bill; post this, it will be the laying of rules. At this stage, every difference has been ironed out by the committee.

After all the new government always says that by bring up new policies on board and to implement them quickly and they are trying to revive the economy. But the odds are manifesting themselves in Parliament. Against every such terrible odd, the government is trying it best to take everyone™s voice on board.

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