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Allegations against me about CAG audit baseless: Joshi

Public Accounts Committee Chairman Murli Manohar Joshi on Thursday trashed as "baseless" allegations that he tried to expedite the CAG audit of the 2G spectrum allocation terming the charge as a......

Shunglu panel suggests changes in CAG, CVC

Amidst a debate on controversies surrounding some of the Comptroller and Auditor General reports, the high level committee that went into the Commonwealth Games related projects, has suggested......

CAG briefs PAC on 2G spectrum allocation report

Comptroller and Auditor General Vinod Rai on Monday briefed the Public Accounts Committee about his report in the 2G spectrum allocation. His report on a presumptive loss of Rs 1.76 lakh crore in......

India elected to IAAC

India has been elected to the newly established Independent Audit Advisory Committee, a five-member body which is expected to contribute to improving the accountability of the UN Secretariat to the......

Murli Deora: The politician who was loved by all

Congress stalwart Murli Deora passed away on Monday morning after battling a prolonged illness. He was a politician who shared rapport across the political and corporate spectrum. Murli Deora, the......

RIL's KG-D6 spend exceeds approved limit: CAG audit

The govt auditor also indicts DGH and management committee of D1 and D3 fields The Mukesh Ambani-controlled Reliance Industries Ltd (RIL) could have exceeded the approved spending limit at its......

Audit committee heads may not get protection

Independent directors in charge of audit committees in companies may be held responsible for actions taken by the management. In its suggestion to a Parliamentary Standing Committee which is......

Tatas to do social audit of Orissa project

Tata Steel is to form a committee to undertake a social audit of its Kalinganagar project in Orissa, in a bid to counter allegations on the negative impact of industrialisation.Said H M Nerurkar,......

Why audit committees need strengthening

Post Satyam, the investors' confidence in the corporate governance system is low. Audit is being questioned by investors. Subhiksha is an example. In the case of Siemens India, institutional......

ICAI plans special committee to check Satyam audit

The chartered accountants body ICAI on Tuesday constituted a six-member special committee to look into the auditing of crisis-hit Satyam Computer, whose disgraced founder chairman Ramalinga Raju......

Kal Penn: I would love to shoot five Bollywood films simultaneously

'...But my strong suit will not be dancing,' Kal Penn tells Vaihayasi Pande Daniel/Rediff.com, in the concluding part of the interview. Part I of the interview: 'I'm not related to......

Khan steps down as head; turmoil in CSA

Cricket South Africa plunged into turmoil after its acting president AK Khan and the chairman of the Audit and Risk Committee John Blair stepped down from their posts in the wake of a damning......

FIFA mess: Official charged with fraud, money-laundering

A man walks in front of the FIFA logo displayed outside the FIFA headquarters. Photograph: Harold Cunningham/Getty Images A member of the financial watchdog committee at soccer's ruling body FIFA......

2018 Olympics: Figure skating 'Queen' Yuna named honorary ambassador

Yuna Kim of South Korea competes in the Figure Skating Ladies' Short Program. Photograph: Ryan Pierse/Getty Images Former Olympic figure skating champion Kim Yuna will play the role of honorary......

FIFA finance watchdog member arrested on corruption charges

FIFA faces more embarrassment after a member of its financial watchdog was arrested on suspicion of corruption and money-laundering in the Cayman Islands. Canover Watson, one of eight members of......

Supreme court restores Sethi as PCB head

The Supreme Court on Wednesday restored Najam Sethi as chairman of the Pakistan Cricket Board just four days after the Islamabad high court reinstated his predecessor, Zaka Ashraf, as head of the......

  People speak for audit committee

  • QNA
ankit saini
Q. what is 'CAG' in india?
Ankit Saini:  A.  more

http://qna.rediff.com/questions-and-answers/what-is-cag-in-india/22917654/answers/

venkatesaldevarajan
Q. Comptroller and Auditor General (C & AG) is the apex auditing body. The C & AG has produced several reports on state departments such as railways, public sector enterprise, and tax administration. These reports have revealed many financial irregularities, suggesting a lack of monitoring of public expenses, poor targeting and corrupt practices in many branches of government. The most recent example is its report on Commonwealth Games that nailed the corrupt organizing committee members.but ,limited to audits and accounts. Cannot probe corruption as defined by the Prevention of Corruption Act; h
Venkatesaldevarajan:  A. The Comptroller and Auditor General (CAG) of India is an authority, established by the Constitution of India under Chapter V, who audits all...... more

http://qna.rediff.com/questions-and-answers/comptroller-and-auditor-general-c--ag-is-the-apex-auditing-b/21509214/answers/22917679

  Web results for Audit Committee
Report gets lost in warped fiefdom

KEVIN GARSIDE The surprise is that it took Michael Garcia so long to walk. The resignation of the New York lawyer from his role as independent... ...

http://www.thestatesman.net/news/94644-report-gets-lost-in-warped-fiefdom.html
Paulson & Co takes stake in Salix on heels of inventory issues - sources

2:34am IST (Reuters) - Hedge fund Paulson & Co has taken a stake in specialty pharmaceuticals company Salix Pharmaceuticals Ltd ( SLXP.O ) as... ...

http://in.reuters.com/article/2014/12/18/us-paulson-salix-idINKBN0JW2I220141218
FIFA to vote on publication of Michael Garcia's report

FIFA's executive committee began a two-day meeting amid tight security on Thursday with members expected to vote on whether to release ethics... ...

http://indianexpress.com/article/sports/football/fifa-to-vote-on-publication-of-michael-garcias-report/
Amendments to Companies Act dilute 2013 law's strictness

In amendments cleared by the Lok Sabha on Wednesday to soften the Companies Act, only those officials of a firm who're accused of serious crimes... ...

http://www.business-standard.com/article/economy-policy/amendments-to-companies-act-dilute-2013-law-s-strictness-114121801209_1.html
ICAI to soon issue guidance note on reporting frauds

Chartered accountants' body ICAI today said it would soon come out with a guidance note for its members on fraud reporting, a day after the Lok... ...

http://www.business-standard.com/article/pti-stories/icai-to-soon-issue-guidance-note-on-reporting-frauds-114121801003_1.html

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