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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

SC cancels bail to former Satyam auditors allegedly involved in scam
April, 21st 2011

The Supreme Court today cancelled the bails of two former Satyam auditors allegedly involved in the Rs. 14,000 crore scam. They have been directed to surrender by April 30.

S Gopalakrishnan was looking after the audit of Satyam Computers Services Limited and VSP Gupta was the internal auditor of the company.
The two auditors were let on bail by the AP High Court earlier.

The CBI had moved the Supreme Court seeking cancellation bail to them.
In October, 2010 the Supreme Court had cancelled the bails of B. Ramalinga Raju, B. Rama Raju, V. Srinivas, G. Ramakrishna, Venkatapathi Raju and Ch. Srisailam allegedly involved in the Satyam scam.

In the same month, the Supreme Court directed the special court in Hyderabad to complete the trial by July 31, 2011.

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