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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

DGCA to audit all training institutes
July, 29th 2010

Realizing that the scores of pilots, cabin crew and aircraft engineers being churned out by training institutes mushrooming across India may affect air safety if not trained well, the aviation ministry on Wednesday asked the Directorate General of Civil Aviation (DGCA) to conduct an audit of all such firms.

A special team of DGCA officials and other aviation experts is now being formed for this purpose and the training institutes will be assessed and approved the to ensure the people coming from there are well-versed with all safety requirements.

Aviation minister Praful Patel asked DGCA to immediately start this process at the second meeting of the civil aviation safety advisory council (CASAC), a body formed as a fallout of the Mangalore Air India Express crash, and had its first meeting last month.

The regulatory body, which investigates all incidents but whose outcomes are not usually known, was asked to take punitive actions after fixing responsibilities in all cases of non-adherence to safety measures.

According to an aviation ministry statement, DGCA chief Nasim Zaidi said that the agency will soon decide flight duty and rest period for airline crew. Regulations are also being framed for effective fatigue management system.

This would be then passed on to the airline operators for strict implementation, the statement said. Zaidi also said that there is going to be greater focus on pre-flight medical test of crew (to catch if someone's reporting high for duty).

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