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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

Auditing the new mantra to save power
June, 12th 2009

As frequent power cuts paralyse industry and residents alike, a group of engineers came together on Thursday to come up with suggestions to get more output with less energy. And one consensus emerged energy auditing.

Energy auditing is a means to save electrical energy; how to get more output using less electricity. We recommend that industrialists install energy analysers which can measure electrical parameters in any industry or unit. Energy efficient
motors should be used in place of ordinary motors and in transmission systems, we suggest the use of hollow conductors, said Charanjitpreet Singh Gill, a professor in the Department of Electrical Engineering at Guru Nanak Engineering College.

Faculty members of over eight engineering colleges in Punjab converged at the Guru Nanak Engineering College on Thursday to attend the seminar titled Energy Conservation.

Giving tips to save electricity, course coordinator Navneet Singh Bhangu said: Use Compact Florescent Lamps (CFL) and Light Emitting Diode (LED) bulbs as they consume less electricity while providing more light.

For farmers, the experts had an important suggestion use pipes with rounded bends while pumping water from tubewells.

Charanjitpreet said: It should not be bent at an angle of 90 degrees as it usually is as then more electricity is required in pumping out water from the well.

Senior XEN of the Punjab State Electricity Board Harjeet Singh Gill, Chief Engineer of PSEB (retd) R N Mahajan, Arvind Dhingra of the Energy Management Bureau, M S Saini, principal of Guru Nanak Engineering College, and Jaswinder Singh, Head of Electrical Engineering department of Guru Nanak Engineering College, also presented their views at the seminar.

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