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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

CAG to organise international conference on audit
March, 18th 2010

The Comptroller and Auditor General of India (CAG), ministry of finance, is planning to undertake an environmental audit, the topic of which is water pollution in India.

Issues, causes and mitigation methods relating to rivers, lakes and groundwater in the country would be addressed in the audits. The aim would also be to identify critical issues and suggest solutions which would help the government to conserve and protect this scarce resource more effectively. It is in this backdrop, the CAG is organising an international conference on environment concerns about water pollution, the finance ministry said.

The purpose of this conference is to deliberate on the causes of pollution, action taken by governments and civil society to address these concerns and environmental, management and legal interventions needed to put lakes, rivers and ground water on the path of sustainability, the ministry said.

Vinod Rai, CAG of India, Dr RK Pachauri, chairman, intergovernmental panel on climate change, minister of state for environment & forests Jairam Ramesh and Dr Josef Moser, president of the Austrian court of audit & secretary-general of the international organisation of supreme audit institutions would be addressing the conference.

More than 20 experts on water and water pollution issues would speak during the conference. The heads of supreme audit institutions from countries like Austria, Maldives, Bangladesh and Bhutan will also be present to share their experiences regarding audit of water pollution in their countries. It is envisaged that taking into account the vast experience and knowledge of panelists in this field, CAG can contribute meaningfully towards more effective environmental management.

More than 100 audits on diverse environmental issues like biodiversity, pollution of rivers, and waste management have been conducted by the CAG.

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