Need Tally
for Clients?

Contact Us! Here

  Tally Auditor

License (Renewal)
  Tally Gold

License Renewal

  Tally Silver

License Renewal
  Tally Silver

New Licence
  Tally Gold

New Licence
 
Open DEMAT Account with in 24 Hrs and start investing now!
« Auditing »
Open DEMAT Account in 24 hrs
 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

Conduct special audit of Bank of Rajashan
March, 09th 2010

The Reserve Bank of India (RBI) has tightened its grip on the working of Bank of Rajasthan (BoR) further by appointing two Deloitte entities to conduct special audit of the private sector banks books and accounts.

While Deloitte & Touche Consulting India will conduct special IS audit, Deloitte, Haskins & Sells will carry out special audit of its books and accounts.

These entities were likely to complete the work in up to 45 days and submit the report for further action, a bank official said.

The central bank has already appointed a new chief executive and two RBI officers on the banks board after many instances of corporate governance violations came into light. It also has appointed two nominee directors.

In February 2010, it had imposed a Rs 25-lakh fine on the Jaipur-based private sector lender for violating regulations on five counts.

The grounds for the fine are violating RBI directions on acquisition of immovable property, deletion of records in the banks IT system, non-adherence to know-your-customer (KYC) and anti-money laundering (AML) norms, irregularities in the conduct of accounts for certain corporate groups and failure to provide certain documents to RBI and misrepresenting that these documents were not available.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2024 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting