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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

Discoms not cooperating with CAG in auditing: Delhi govt to HC
May, 19th 2014

Contrary to the claims of three private discoms, the Delhi government today told the high court that these firms have not been cooperating with the Comptroller and Auditor General in auditing of their accounts.

"None of the discoms has so far given all the requisite information/data sought by the CAG... Today, the position is not different from what it was three months before," Additional Solicitor General Siddharth Luthra, appearing for Delhi government, told a bench a headed by Chief Justice G Rohini.

"Serious prejudice has been caused to power distribution company as it has been cooperating with the CAG," the counsel for Tata Power Delhi Distribution Limited (TPDDL) said while refuting the claims of the government and the CAG.

Gaurang Kanth, counsel for CAG, has been alleging that the Reliance Anil Dhirubhai Ambani Group firms, BSES Rajdhani Power Ltd and BSES Yamuna Power Ltd have not been supplying the requisite information and hence, the auditing has not led anywhere.

He also told the bench, also comprising Justice R S Endlaw, that the CAG, as asked by the court, would be filing an application in this regard.

During the brief hearing, the ASG informed the court that according to a letter by Deputy Secretary, Power, government of NCTD, out of 190 requisitions raised by the CAG team to TPDDL, only 112 have been responded.

Meanwhile, Sandeep Sethi, appearing for BSES firms, said that the CAG had no jurisdiction to undertake audit of the private discoms.

"Moreover, we are fully cooperating with the auditing process as per orders of the court. Till date we have not received any document that we are not complying with the audit," he said.

The bench is hearing a batch of petitions including three appeals filed by TPDDL and Reliance Anil Dhirubhai Ambani Group firms, BSES Rajdhani Power Ltd and BSES Yamuna Power Ltd.

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