Latest News on Financial Audit
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Financial Audit - Total results - 10
May 22, 2018
PNB fraud takeaway: Financial audits at banks must be beefed up by systems' check by tech expertsRBI must wake up and institutionalise systems audit and make it mandatory. This is like periodic maintenance of machinery
Apr 04, 2013
CAG to check propriety of RIL spending on KG-D6: Oil MinAs CAG gets ready to resume audit of Reliance Industries' spending on KG-D6 gas block, the Oil Ministry has set rules of engagement for the scrutiny saying the auditor will examine propriety of expenses as has been set out in the PSC.
Mar 19, 2013
CAG wants to check propriety of RIL spending on KG-D6Having suspended audit of Reliance Industries' spending on KG-D6 gas block, the CAG has said that it is not planning to a do a performance audit of the company but wants to examine "propriety" of expenses made.
Mar 07, 2013
Oil Min wants CAG to do financial audit of RIL's KG-D6The Oil Ministry seems to have suggested to CAG that its audit of Reliance Industries' spending on the flagging KG-D6 gas block should be a financial scrutiny and not a performance audit.
Feb 14, 2013
Not obliged to provide past year documents to CAG: RILAs differences simmer over scope of CAG audit of its flagging KG-D6 fields, Reliance Industries has said it is not obliged to provide full access to documents relating to years that are not under audit.
Jan 07, 2013
CAG to begin audit of RIL's KG-D6 spendings on Jan 9It had agreed in May to do a second round of audit of spending in KG-D6 block for years 2008-09 to 2011-12 but that could not start due to differences over scope with RIL.
Dec 12, 2012
CAG not given full access to RIL's KG-D6 recordsSince full access by Reliance Industries (RIL) to KG-D6 block records was pending, the national auditor has asked the petroleum ministry to examine all issues carefully before considering any more approvals for capital expenditure
Dec 11, 2012
CAG agrees to confine audit to financial scrutiny of KG-D6The CAG has agreed to restrict its audit of Reliance Industries' KG-D6 block to financial scrutiny of the spending.
Nov 05, 2012
Audit a contractual obligation; RIL will abide by it, says MoilyAmidst a row over CAG audit of Reliance Industries' KG-D6 gas field spendings, Petroleum Minister M Veerappa Moily today said audit was a contractual obligation and hoped that the company will abide by it.
Nov 03, 2012
RIL says it never contested CAG auditing KG-D6 spendsReliance Industries today said it had never contested the government's right to get the company's spending on KG-D6 gas fields audited by the CAG but hoped it will not be subjected to a performance audit.