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Orissa state losses over Rs. 578-cr due to departmental slips
Posted: March 11th, 2010, 10:59am EST
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Orissa state losses over Rs. 578-cr due to departmental slips -
RBI smells rat, orders special audit of Bank of Rajasthan
Posted: March 7th, 2010, 4:49pm EST
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The Reserve Bank of India has ordered a special audit of the accounts of Bank of Rajasthan following investigations into irregular dealings by the private sector bank. -
Two procedures at work in Satyam case, says Sebi Chief
Posted: March 6th, 2010, 9:04am EST
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SEBI Chairman, C B Bhave, on Saturday said that there were two procedures at work with relation to the Satyam scam, apart from criminal proceedings. -
NMDC plans to foray into consultancy biz
Posted: March 6th, 2010, 5:16am EST
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Iron ore miner National Mineral Development Corporation (NMDC) is planning to foray into mining consultancy business. -
External audit of TPAs likely to check delay in settling claims
Posted: March 5th, 2010, 2:11pm EST
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The government may ask third party administrators that provide cashless medical insurance service to undergo external audit following complaints of delays in settling claims. -
Audit firms head straight to coaching classes to hire CAs
Posted: March 4th, 2010, 2:05pm EST
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At Ahmedabad-Based Fountainhead, a little-known coaching academy for chartered accountants, February 20 was a day of celebration. -
ICAI mulls making names of tainted auditors' public
Posted: March 2nd, 2010, 10:11am EST
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Accounting regulator Icai is considering making names of tainted auditors public information, in an effort to enhance transparency and repose public faith in the auditing community. -
India Inc to adopt IFRS framework
Posted: March 1st, 2010, 1:30pm EST
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Accountants are busy helping India Inc adopt the international financial reporting standards by April 2011. -
PwC arm faces stringent action over Satyam audit
Posted: February 15th, 2010, 4:07pm EST
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A high-powered committee of the Institute of Chartered Accountants of India has recommended stringent action against the Indian arm of global audit firm PricewaterhouseCoopers for delegating audit work in erstwhile Satyam Computer Services to an affiliate firm Lovelock & Lewes. -
ICAI may have to cough up Rs 16 cr in I-T penalty
Posted: February 15th, 2010, 4:05pm EST
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Accounting watchdog Institute of Chartered Accountants of India is currently facing the prospect of meeting an income tax penalty of Rs 16 cr, after the Income-Tax department withdrew tax exemptions on the institute.