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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

After audit, OC to get funds
September, 18th 2010

State-run power utility NTPC has said it will release the remaining Rs 30 crore sponsorship money to the Commonwealth Games Organising Committee after getting an audited account.

"It is not that we have withdrawn the sponsorship... We have asked them (Organising Committee) that we would release the remaining Rs 30 crore after they provide audited accounts," company chairman Arup Roy Choudhury said on Friday.

Asked when NTPC would release the remaining money, as just a fortnight is left for the event, Roy Choudhury said, "The conducting of the big event is not dependent on this advertising money (to be paid by NTPC)."

NTPC is the Games partner and has ramped up its generation capacity with units dedicated to keeping the capital energised during the Games. It had committed a sponsorship of Rs 50 crore and had paid up Rs 20 crore.

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