Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
 
 
 
 
Popular Search: form 3cd :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT Audit :: cpt :: Central Excise rule to resale the machines to a new company :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: empanelment :: due date for vat payment :: TAX RATES - GOODS TAXABLE @ 4% :: TDS :: VAT RATES :: list of goods taxed at 4% :: articles on VAT and GST in India :: ACCOUNTING STANDARDS :: ACCOUNTING STANDARD
 
 
News Headlines »
 Income-tax (22nd Amendment) Rules, 2017
 All about Exports under GST
 Have you missed the due date of filing your Tax Returns?
 What you should know about income tax refunds
 Income tax scrutiny to remain limited despite surge in returns filed
 Regarding Filing of online return for first quarter of 2017-18 extension upto 01-09-2017
 Deadline to file returns extended to 28 August for biz with transitional
 GST input tax credit form
  How to rectify income tax returns
 Govt extends tax exemption for industry in North East, hilly states
 Should you file revised Income Tax returns; find out here

Separate audit department for cooperatives mooted in Kerala
May, 26th 2007
The importance of proper auditing system to ensure transparency in preparation of annual financial statements of banks was stressed.

The Kerala Government is considering creation of a separate department of audit to deal with the requirements of the cooperative sector, according to the Minister for Cooperation, Mr G. Sudhakaran.

He said this while inaugurating a workshop conducted by the regional office of the National Bank for Agriculture and Rural Development (Nabard) aimed at sensitising statutory auditors with the latest guidelines of Nabard and the Reserve Bank.

The specific areas covered in the workshop were the policy guidelines under the Banking Regulation Act, 1949; audit rating of banks; prudential norms; and the Kerala State Cooperative Societies Act, 1969. Mr Bhawar Puri, Chief General Manger, Nabard, presided.

In his inaugural address, the Minister emphasised the importance of proper auditing system to ensure transparency in preparation of annual financial statements of banks. The statutory auditors at the office of the Registrar of Cooperative Societies and individual banks are playing an important role in this context.

The cooperatives movement in the State is strong and vibrant, the Minister said. At around Rs 36,000 crore, its deposit base is sound. The extent of faith that people have in the system is evident from the success of special deposit mobilisation schemes implemented in recent times.

In his presidential address, Mr Puri stressed the importance on the role of the audit system in cooperatives. The system is critical not only from the point of view of the statutory requirements, but also for painting a true and correct picture of the state of affairs to help initiate timely and corrective remedial action, if needed.

Mr Puri assured the cooperation and support of Nabard to the State Government in its endeavour to complete the audit exercise by cooperatives in a timely and professional manner. More such workshops will be conducted in future, which will take account of the feedback obtained and the suggestions emanated from previous events. Nabard would help publish a checklist of audit norms in handbook format for the benefit of auditors in the State.

Among those present at the workshop were Mr Kadakampalli Surendran, President, Kerala State Cooperative Bank (KSCB); Mr Jiji Thomson, Principal Secretary, Cooperation; Ms Rani George, Managing Director, KSCB; and representatives from the Reserve Bank regional office and the Department of Cooperation.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Organic SEO Outsourcing Organic Search Engine Optimization Outsourcing Organic Website SEO Organic SEO India Website SEO India Organic Search Engine Optimization India Organic Internet SEO India Organic Web

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions