CA, CS, CMA - A CA firm who applied for empanelment with CAG for Financial Year 2012-13 can check the status of his Empanelment & Audit work allotted by following the procedure given below :- ...
Read MoreCA, CS, CMA - CAG is one of the pivotal offices in the Government of India who controls the entire financial system of the country. The appointment of CAG is done by President of India under Article 148. President of India is the Executive head of the Union of India. Audit is conducted by CAG under section 18 of the Comptroller & Auditor General’...
Read MoreCA, CS, CMA - In this series, one of the important areas covered is CAG Reports. There is a general tendency to look at CAG Report as an additional burden but we have to understand that the CAG Report gives lots of insights in the functioning of the department and gives pointers to improve the system. ...
Read MoreCA, CS, CMA - Several companies that were having large profit from business and distributing substantial portion of the income to their shareholders as dividend, were reducing their tax liability by availing various deductions and exemptions available in the Act. ...
Read MoreCA, CS, CMA - The empanelment process of Chartered Accountant firms (firm) and Limited Liability Partnership firm (LLP) for allotment of audit of Public Sector Undertakings/Statutory Corporations for the year 2016-17. The desired firms were allowed to fill the online forms till 15th February 2016....
Read MoreCA, CS, CMA - Provisional empanelment status of the firm along with provisional point score for the year 2022-2023 will be available on the website www.care.cag.gov.in from 06 May 2022 to 17 May 2022. Representations, if any, for rectification of clerical mistakes in the online data may be sent by email at [email protected] by 17 May 2022....
Read MoreCA, CS, CMA - Uniqueness of identity of the Applicant, established through a de-duplication process is the most important feature of Aadhaar. It was seen that UIDAI had to cancel more than 4.75 lakh Aadhaars (November 2019) for being duplicate. There were instances of issue of Aadhaars with the same biometric data to different residents indicating flaw...
Read MoreCA, CS, CMA - Considering the difficulties faced by Chartered Accountant firms/LLPs in submitting the online empanelment for audit of PSUs for the year 2022-23, the O/o C&AG on the request of ICAI has extended the last date for submission of online application from 15th February, 2022 to 22nd February, 2022 as a onetime relief...
Read MoreCA, CS, CMA - CAG Empanelment process for 2022-23 has started. Last Date for online submission is 15th February, 2022. The firms/LLPs will be required to submit a print out of the acknowledgement letter generated online and also hard copies of the documents in support of their online application to the CAG Office by 28th February, 2022. Visit http://c...
Read MoreCA, CS, CMA - Performance Audit Report No. 16 of The Comptroller & Auditor General of India on ‘Assessment of Co-operative Societies and Co-operative Banks’ was laid on the floor of the Parliament here today. The PA was carried out from March 2019 to September 2019 and findings were discussed with the Central Board of Direct Taxes (CBDT) in July 20...
Read MoreWrigley India Pvt Ltd Vs ACIT (ITAT Delhi) - It seems CAs are under attack from all parts of the world for good or not so good reasons. Recently CAG in its report Criticised CAs for alleged Mistakes in Tax Audit Report and signing of Tax Audit Reports more than the prescribed limit....
Read MoreN Gopalaswami &ORS Vs The Union of India & ANR (Delhi High Court) - The Delhi High Court has dismissed two writ petitions filed by N.Gopalaswami (Former CEC) & others and Manohar Lal Sharma, Advocate challenging the appointment of Shri Shashi Kant Sharma as CAG of India made in May 2013...
Read MoreAssociation of Unified Telecom Service Providers of India Versus Union of India & Others (Delhi High Court) - The Delhi High Court has delivered a judgement in the case of Association of Unified Telecom Service Providers of India Versus Union of India & Others on the powers of CAG to audit the revenues of Private Telecom Companies flowing to the Consolidated Fund of India...
Read MoreF. No. 11-PPG/2020 - (20/08/2020) - (1) These Regulations may be called Regulations on Audit and Accounts (Amendments) 2020 (2) They shall come into force on the date of issue....
Read MorePublic Notice No. CG Office/TMR/Public Notice/2016 - (04/04/2016) - This office has taken steps to treat the applications as abandoned in which no reply to examination report containing office objections to acceptance of the applications for registration has been received within the period of 30 days as per Trade Marks Act, 1999 and rules made thereunder. It is pert...
Read MoreCAG office circular No.134-CA-IV/42-2001(III) - (15/04/2010) - Whether the Company has been listed on the stock exchanges? If yes, the names of the stock exchanges may please be indicated? If so, whether the provisions of listing agreement of SEBI are being followed by the Company? (2) Whether the Company has 50% independent directors on their Board as requi...
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