Latest News, Updates & Breaking Headlines
Lucknow: The Yogi Adityanath govt has tightened oversight of development works in industrial areas across Uttar Pradesh, directing rigorous third-party inspections to ensure quality, transparency, and timely completion of infrastructure projects being executed by the Uttar Pradesh State Industrial Development Authority (UPSIDA).As part of the initiative, the responsibility for independent quality testing has been entrusted…
SRINAGAR: Gulmarg’s gondola will remain suspended for a week to install a new gearbox after a snag halted operations of the cable car on Monday.More than 300 tourists were trapped for up to seven hours, triggering panic and a large-scale rescue operation by J&K police, the Army and State Disaster Response Force. Some were left…
KPMG has announced to cut about 10% of its US audit partners after earlier efforts to encourage voluntary retirements did not deliver the expected results, according to a Financial Times report. The decision was shared during an internal meeting, where employees were told that the size of the audit partnership had grown larger than needed…
KPMG’s UK arm has told nearly 600 employees in its audit business that their roles are at risk, as the Big Four firm moves to cut costs in a tougher market.The proposed shake-up is expected to lead to up to 440 exits if the redundancy process goes ahead.The affected staff have been informed that they…
Inside the Tax Probe That Shook Hyderabad’s Restaurant Empire For years, biryani has reigned uncontested as India’s most-ordered dish. Food delivery platforms have repeatedly declared it the undisputed king of online orders, with tens of millions of plates delivered annually. In Hyderabad, where biryani is not merely cuisine but civic identity, the dish is both…
The Comptroller and Auditor General of India has called for strengthening the institutional framework, professional capacity building and audit practices of primary auditing institutions (PAIs) responsible for local governments, highlighting the need to improve audit quality and transparency at the grassroots level, PTI reported.The call came at the conclusion of a three-day national workshop for…
The National Financial Reporting Authority (NFRA) on Thursday said it has rolled out its second Audit Practice Toolkit to support small and medium audit practitioners across the country, as part of its broader effort to improve the quality of auditing practices, PTI reported.The toolkit, titled ‘Risk & Response Memorandum: ROMM (Risk of Material Misstatement) Assessment…
The Comptroller and Auditor General (CAG) on Thursday said that the Central Board of Indirect Taxes and Customs (CBIC) faces a sizeable staffing shortage in its audit formations, with 38 percent of positions vacant as of July 1, 2024, leading to gaps between planned and completed audits.The CAG’s report on the Department of Revenue for…
The US Transportation Department has warned New York that it could lose $73 million in federal highway funds after an audit found thousands of immigrant commercial driver’s licences (CDLs) were allegedly issued without proper verification, Transportation Secretary Sean Duffy said on Friday, AP report.Duffy said federal investigators reviewed 200 non-domiciled commercial licences and found more…
NEW DELHI: Supreme Court has ordered an unprecedented nationwide audit of all private and deemed universities, transforming a student grievance into a deep scrutiny of India’s sprawling higher education sector. In a sweeping directive, apex court has asked Centre, all states and UTs, and University Grants Commission (UGC) to submit personally sworn affidavits disclosing how…
