Civic body implements Audit report Civic body implements Audit report Chartered Accountant CA ICAI Chartered Accountants CA ICAI CAinINDIA ICAI Announcements Accounting Standards CA News ICAI Students ICAI Members Case Laws CPT IPCC Final ICAI Course CA Course ICAI Forum CA Question Papers ICAI Study Material

« Auditing »

Open DEMAT Account in 24 hrs
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


« Higher threshold set for mandatory audit of transaction...	Sibal's remarks have hurt the CAG: PAC to write to President... »
Civic body implements Audit report

January, 18th 2011
The Municipal Corporation of Delhi (MCD) has implemented its annual internal audit report to carry out effective and efficient financial management of its limited resources. The announcement was made by municipal commissioner KS Mehra on Monday. This would help bring a professional financial management culture in MCD, which has a budget of around R6,000 crore. It would ensure much-needed efficiency and effectiveness in public expenditure, he added. Mehra also mentioned the civic bodys plans to introduce an Annual Internal Audit Report in his budget speech in the Standing Committee of MCD on December 8, 2010, to introduce more accountability and transparency. Meanwhile, MCD continued its drive against unauthorised constructions. On Monday, it sealed two floors of a property and demolished illegal portions of 13 properties in Najafgarh zone, among others.