Audit

Advisory to CAs on VAT Audit Report AR1 & Special Audit

 GOVERNMENT OF NATIONAL CAPITAL TERRITORY OF DELHI DEPARTMENT OF TRADE & TAXES VYAPAR BHAWAN, I.P. ESTATE, NEW DELHI - 110002 No. F. 3(384)/Policy/VAT/2013/897-906                                 14-Oct-13 CIRCULAR NO. 21 of 2013-14 Subject: Advisory to CAs on VAT Audit Report AR1 & Special… Read More

Tags: Auditchartered accountantDelhiDepartmentIndiaNew DelhiValue AddedTaxVAT Audit

Performance Audit of Agricultural Debt Waiver & Debt Relief Scheme, 2008 by CAG & Re-verification Exercise by Banks

RBI/2013-14/299 UBD.BPD.(PCB)CIR No. 22 /13.05.006/2013-14 September 30, 2013 The Chief Executive Officers of All Primary (Urban) Co-operative Banks Madam/Dear Sir, Performance Audit of Agricultural Debt Waiver & Debt Relief Scheme (ADWDRS), 2008 by CAG & Re-verification Exercise by the banks Please refer to our Circular UBD.BPD. (PCB) Cir. No.40/13.05.006/2012-13 dated March 7, 2013, in terms of… Read More

Tags: AuditCAGComptroller and Auditor GeneralGovernmentGovernment of IndiaNew DelhirbiRun batted in

ICAI Announcement w.r.t. Suggestions on Revision of the Guidance Note on Audit of Banks

1.   The Guidance Note on Audit of Banks, brought out by the Auditing & Assurance Standards Board (AASB) of the ICAI is an important publication providing comprehensive guidance to the members carrying out audits of banks and bank branches. Improving the quality of audit of banks is one of the prime objectives of the Guidance… Read More

Tags: AASBAuditBusinessFinancial auditFinancial statementICAIInstitute of Chartered Accountants of IndiaMarch 2013

DVAT Clarification regarding filing of audit report in Form-AR-1

DEPARTMENT OF TRADE & TAXES VAT AUDIT BRANCH, 12TH FLOOR, VYAPAR BHAWAN, I.P. ESTATE, NEW DELHI NoVAT AUDIT/HQ/2013-14/ 2406-2413 CIRCULAR Dated: 2nd July 2013 The officers of VAT Audit Branch, KCS Branch, Spl. Zone Branch and other Wards have been assigned the work of conducting audit of the business affairs of dealers u/s 58 of DVAT… Read More

Tags: AuditAudit ReportAuditor's reportCommissionerDVAT ActNew DelhiValue Added TaxVAT

ICAI Release – Technical Guide on Internal-Concurrent Audit of Investment Functions of Insurance Companies (2013)

Document Extract: 1 Framework of Internal / Concurrent Audit for Insurance Companies 1. Introduction One of the major functions of an insurance company is investment of funds and with the ever growing fund size of insurers™ investments, safeguarding and protection of the investments has acquired enormous significance. IRDA, the regulator of insurance industry, has put… Read More

Tags: AuditAudit Committeechartered accountantInformation technology auditInsuranceInternal auditIRDARegulation

IT Exemption u/s 35(1) (ii) for Scientific Research Expenditure to “Gujarat Energy Research And Management Institute”, Gandhi Nagar, Gujarat

It is hereby notified for general information that the organization "Gujarat Energy Research and Management Institute Gandhinagar (PAN-AAATG6316R) has been approved by the Central Government for the purpose of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961 (said Act), read with Rules 5C and 5D of the Income-tax Rules, 1962 (said Rules], from 01.04.2012 onwards in the category of… Read More

Tags: AuditCentral GovernmentGovernment of IndiaGujaratOrganizationParagraphScientific methodSection Thirty-five of the Constitution Act 1982

IT Exemption Under Section 35(1)(ii) for Scientific Research Expenditure to “Centre for DNA Fingerprinting and Diagnostics”, Hyderabad

It is hereby notified for general information that the organization "Centre for DNA Fingerprinting and Diagnostics, Hyderabad (PAN-AAATC2727J) has been approved by the Central Government for the purpose of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961 (said Act), read with Rules 5C and 5D of the Income-tax Rules, 1962 (said Rules), from 01.04.2012 onwards in the category… Read More

Tags: AuditCentral GovernmentGovernment of IndiaIncome Tax ActOrganizationParagraphScientific methodSection Thirty-five of the Constitution Act 1982

“Corporate Compliance Management” – Details of ASSOCHAM Seminar

        Objectives The Seminar is designed to discuss in-depth latest updates on corporate compliance regulations and standards, government enforcement initiatives, share case studies of how to implement a successful compliance program. Key Areas of Discussion Corporate Compliance Management Assessing Corporate Compliance Trends, Challenges & Future in India Building an Efficient Corporate Compliance Framework Benefits of Good… Read More

Tags: AuditBusinessCompany SecretaryCorporate lawFinancial servicesGood governanceInsuranceInternal auditRegulationRegulatory complianceRisk managementSeminar

TRAI releases Quality of Service (Code of Practice for Metering and Billing Accuracy) (Amendment) Regulations, 2013

The Telecom Regulatory Authority of India (TRAI) has issued the Quality of Service (Code of Practice for Metering and Billing Accuracy) (Amendment) Regulations, 2013 amending the framework for audit of the metering and billing system of service providers provided in the Quality of Service (Code of Practice for Metering and Billing Accuracy) Regulations, 2006, so… Read More

Tags: AuditAuditor's reportDelhiQuality of ServiceRegulationService ProviderTelecom Regulatory Authority of IndiaTRAI

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