CA, CS, CMA : Explore the latest developments as the Comptroller and Auditor General of India adopts an end-to-end digital framework, delving in...
CA, CS, CMA : भारतीय सीए संस्थान ने २ नवंबर २०२२ को वर्ष २०२१-२२...
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 all...
Goods and Services Tax : CAG is one of the pivotal offices in the Government of India who controls the entire financial system of the country. The appointm...
Goods and Services Tax : In this series, one of the important areas covered is CAG Reports. There is a general tendency to look at CAG Report as an additio...
CA, CS, CMA : Learn about the ICAIs opening of an online window to update branch details for empanelment applications. Deadline: 08 July 2024....
CA, CS, CMA : Provisional empanelment status of CA firms along with provisional point score for year 2024-2025 will be available on CAG website ...
CA, CS, CMA : Discover the catalytic role of audit in enhancing efficiency and effectiveness, as emphasized by the Comptroller and Auditor Gener...
CA, CS, CMA : Apply for Chartered Accountant firms/LLPs empanelment with CAG India for 2024-2025. Learn about the online application process, ke...
CA, CS, CMA : Stay informed about the Office of C&AG's new audit criteria for Chartered Accountant firms/LLP in 2024-2025. Learn about location-...
Income Tax : 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 C...
Corporate Law : The Delhi High Court has dismissed two writ petitions filed by N.Gopalaswami (Former CEC) & others and Manohar Lal Sharma, Advocat...
Finance : The Delhi High Court has delivered a judgement in the case of Association of Unified Telecom Service Providers of India Versus Uni...
CA, CS, CMA : (1) These Regulations may be called Regulations on Audit and Accounts (Amendments) 2020 (2) They shall come into force on the date...
Corporate Law : This office has taken steps to treat the applications as abandoned in which no reply to examination report containing office objec...
Finance : Whether the Company has been listed on the stock exchanges? If yes, the names of the stock exchanges may please be indicated? If s...
The Comptroller and Auditor General (CAG) has raised several concerns over some provisions of the proposed direct tax code (DTC), the draft of which was unveiled by the finance?ministry in 2009. The country’s statutory auditor pointed out in a communication in March that some key provisions of the code, such as the ones on international taxation, could prove problematic. Other concerns relate to changes in taxation for the voluntary sector.
The Comptroller and Auditor General of India (CAG) has highlighted glaring lapses in the recovery of service tax being administered by the Union Government, while the number of cases and amount entailed in demands for service tax outstanding for adjudication/recovery keep escalating.
For the second year in a row, the Comptroller and Auditor General (CAG) has refused to take responsibility for the Union finance accounts as it has stated in its latest audit findings that government expenditure during 2008-09 is overstated and lacks transparency.
The country’s leading mobile operators, including Bharti Airtel, Vodafone Essar, BSNL and Tatas, have questioned the government’s move to direct the Comptroller and Auditor General of India (CAG) to audit their books. The CAG is a constitutional body that conducts independent audits of all government accounts.
Official auditor CAG on Friday pulled up the Income Tax department for not being able to retain the existing tax base in 2008-09, particularly among corporate taxpayers. “The number of assessees declined by 3 per cent compared to an increase by 7.6 per cent in 2007-08. The decline was sharper among corporate assessees, indicating, inter alia, stop-filing which would nee to be reviewed by the Board (Central Board of Direct Taxes),” the Comptroller and Auditor General (CAG) said in a report tabled in Parliament today.
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 required under SEBI guidelines?
Apex auditor CAG today lamented that private telecom operators are not providing their account books to it, despite request from the government. “In the telecom sector, we have still not got access to records of private service providers despite the request for such audit coming from the government itself,” Comptroller and Auditor General of India Vinod Rai said at a conference on accountants general here.
The panel discussion here tomorrow is a landmark attempt by the Comptroller General of India to view the audit and results of audit through the perception of the stakeholders in specific and in general. The panel discussion will provide a forum for insight into what the stakeholders i.e., government, political leaders, media and other financial sector experts as well as public, expect from the audit against what they are actually getting.
The Lok Sabha Speaker Mrs Meira Kumar has pointed out that it was necessary to re craft the legal framework in a manner that enables the CAG to effectively discharge his constitutional responsibilities. She emphasized that the legal framework has to be suitably strengthened so that any ambiguities or inadequacies in the powers of the CAG, to discharge his mandate in the present day scenario, can be removed. The Speaker was inaugurating the XXVth Conference of the Accountants General in New Delhi today.
Comptroller and Auditor General of India has recommended to close down 10 non-functional state-owned public sector undertakings (PSUs) as they do not serve any purpose. In its report tabled today in the state Assembly, the CAG said, “The process of voluntary winding up of the Companies Act is much faster and needs to be adopted/pursued vigorously.
