News

ICAI releases a Technical Guide on Risk-Based Internal Audit, a comprehensive framework that helps internal auditors identify, assess, and manage organisational risks.

ICAI Releases Handbook Giving Technical Guide on Risk-Based Internal Audit

Judgement

Rs. 2 Lakh Fine Imposed for Violating Section 144 of Companies Act and Failing to Exercise Due Diligence

ICAI Disciplinary Committee Reprimands CA for Acting as Statutory and Internal Auditor Simultaneously

Section 138 default is treated as compounded; no penalty is levied under Section 450.

ROC Drops Penalty Proceedings for Delay in Appointment of Internal Auditor

The company's two directors are fined Rs 50,000 each, which is required to be paid within 90 days via the e-Adjudication facility on the Ministry of Corporate Affairs (MCA) Portal.

Company Faces Penalty For Not Appointing Internal Auditor for Three Financial Years

Circulars

The Employees’ Provident Fund Organisation (EPFO) has issued new guidelines to promote fairness, transparency, and accuracy in its internal audit process.

EPFO Issues New Guidelines to Ensure Fairness and Transparency in Audit Process

The Internal Audit Standards Board of ICAI issued invitation for Comments on Exposure Drafts of Standards on Internal Audit (SIAs).

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ICAI Releases Handbook Giving Technical Guide on Risk-Based Internal Audit

ICAI Disciplinary Committee Reprimands CA for Acting as Statutory and Internal Auditor Simultaneously

ROC Drops Penalty Proceedings for Delay in Appointment of Internal Auditor

Company Faces Penalty For Not Appointing Internal Auditor for Three Financial Years

EPFO Issues New Guidelines to Ensure Fairness and Transparency in Audit Process

ICAI Invites Public Comments on Exposure Drafts of Standards on Internal Audit (SIAs)