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 NFRA issues Draft Procedure for Submission of Audit Files
 Auditors barred from putting a value on companies they are auditing
 Standard on Internal Audit (SIA) 18, Related Parties
 Standard on Internal Audit (SIA) 17, Consideration of Laws and Regulations in an Internal Audit
 Standard on Internal Audit (SIA) 16, Using the Work of an Expert
 Standard on Internal Audit (SIA) 14, Internal Audit in an Information Technology Environment
 Standard on Internal Audit (SIA) 13, Enterprise Risk Management
 Standard on Internal Audit (SIA) 12, Internal Control Evaluation
 Standard on Internal Audit (SIA) 11, Consideration of Fraud in an Internal Audit
  Standard on Internal Audit (SIA) 9, Communication with Management
  Standard on Internal Audit (SIA) 8, Terms of Internal Audit Engagement

Govt orders safety audit
November, 02nd 2009

Minister of State for Petroleum and Natural Gas, Jitin Prasad, has ordered a safety audit of all the oil installations and their delivery system, fuel storage tanks, pipelines and tanker-trucks in the country.

He also told the oil marketing companies to identify fuel storages that are located in thickly populated areas and prepare a strategy to shift them out.

Prasad has instructed his ministry to complete this audit by December 31. The audit will carefully inspect the handling of loading and dispatch processes of fuel and also disaster management plans at storage sites.

The safety and security audit follows Wednesday's devastating fire at the Indian Oil Corporation near Jaipur in Rajasthan.

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