Stay updated with the latest audit news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on audit topics.
Jammu, April 9 (PTI) The Comptroller and Auditor General (CAG) has flagged alarming degradation of lakes in Jammu and Kashmir, revealing that 518 out of 697 natural lakes -- over 74 per cent -- in the Union territory have either disappeared or decreased in size since 1967, leading to significant ecological imbalance and loss of biodiversity. As per the CAG report on the conservation of lakes in Union territory for the year ended March 31, 2024, out of the total 697 lakes with a total area of 28 ...Read More >
Bengaluru, The Karnataka government on Tuesday issued an order mandating an audit of all adolescent pregnancy cases across the state, aiming to systematically track, review and address the underlying causes of pregnancies among girls aged 10 to 18 years. The order makes adolescent pregnancy audit mandatory by the Taluk Health Officer for all pregnancies occurring among girls aged 10 to 18 years across the state. The move is intended to strengthen early identification, counselling and preventiv ...Read More >
Jammu, April 8 (PTI) The Comptroller and Auditor General (CAG) has flagged a massive backlog in the finalisation of accounts of Public Sector Undertakings (PSUs) and autonomous bodies in Jammu and Kashmir, with large number of accounts remaining in arrears as on March 31, 2024. The CAG urged the UT government to ensure strict adherence to timelines for preparation and submission of accounts to strengthen financial discipline, transparency and governance. The audit panel warned that the persist ...Read More >
BusinessWire India Dallas (Texas) [US]/ Mumbai (Maharashtra) [India], April 8: IKS Health, a global leader in care enablement solutions across the patient journey, is proud to announce the launch of its AI-driven revenue cycle management (RCM) audit-ready coding engine that delivers up to 95% coding accuracy while reducing denials. With the average denial rate for U.S. claims at 12%, the IKS Health autonomous coding engine, now integrated with Epic and available in the Epic Connection Hub, comb ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Bithumb has pushed its stock market listing past 2028, citing the need to overhaul its accounting systems and internal controls after a high-profile crypto payout error drew scrutiny from South Korean regulators. The Financial Services Commission announced Monday that all crypto exchanges operating in the country must now reconcile their internal records with actual asset holding ...Read More >
BENGALURU: With pregnancies among girls aged 10-18 years associated with increased risks of maternal complications, adverse birth outcomes, school dropouts and social vulnerability, the Karnataka health department on Tuesday ordered a mandatory audit for adolescent pregnancy cases. All identified adolescent pregnancies should be mandatorily reported by all government and private health establishments on the Reproductive and Child Health (RCH ) platform, according to the government order dated A ...Read More >
A whopping 518 lakes, constituting 74%, have either disappeared or shrunk in Jammu and Kashmir that has resulted in the degradation of ecosystem and climate insecurity, according to the latest report of the Comptroller and Auditor General of India on Conservation and Management of Lakes for the period up to March 2022. The report highlighted that 315 lakes, 45% of the total 697 lakes in J&K that constitute a water area of 1,537.07 hectares, have disappeared. "These lakes included 80 lakes (25%) ...Read More >
Bhopal (Madhya Pradesh): Chief Minister Mohan Yadav instructed that all the works proposed for Simhastha 2028 should be compulsorily completed by Diwali 2027. He was addressing a meeting of the cabinet sub-committee formed for Simhastha 2028 at Mantralaya on Tuesday. The committee approved 22 works worth Rs 2,923.84 crore. The Chief Minister said that an intense training programme arrangement should be started for Simhastha-related duties. Adequate availability of officials should be ensured f ...Read More >
The move aims to increase accountability among industries discharging pollutants, with a committee set up to recommend a new structure for bank guarantees and penalties within three months. According to the CAG report tabled during the recently-concluded Budget session of the state legislature, as many as 2,678 bank guarantees of ₹272.47 crore were not obtained in physical form, making them unverifiable. It also noted that forfeiture orders could not be executed in several cases due to non-co ...Read More >
A woman who bought a flat in Chintels Paradiso in Gurgaon's Sector 109, where a deadly collapse four years ago led to the whole project being declared unsafe, is set to receive a higher compensation of Rs 4 crore. The Haryana Real Estate Regulatory Authority (HRERA) has directed the developer, Chintels India Private Limited, to pay higher compensation to the flat buyer for her 3,150-square foot unit, after relying on Google's "AI overview" to track a 64.7% jump in local property rates. In an o ...Read More >
Srinagar, Apr 06: Excess government spending of over Rs 1.24 lakh crore in Jammu and Kashmir has not been approved by the legislature, the Comptroller and Auditor General (CAG) has said. The audit report for the year ending March 2024 states that excess expenditure of Rs 1,24,004.41 crore, incurred between 1980-81 and 2019-20, remains pending for regularisation. Under financial rules, any spending beyond the approved budget must be placed before the Assembly for approval. The report notes that ...Read More >
NEW DELHI: The Securities and Exchange Board of India (SEBI) Chairman Tuhin Kanta Pandey on Monday said that escalating tensions in West Asia are disrupting global energy flows, putting pressure on oil and gas supplies and triggering sharp price volatility. In his address at the 19th CII Corporate Governance Summit, he cautioned that the ongoing conflict could have far-reaching implications for the global economy. Pandey said the current crisis adds to a series of shocks that businesses and re ...Read More >
New Delhi, April 6 (SocialNews.XYZ) The Securities and Exchange Board of India (SEBI) Chairman Tuhin Kanta Pandey on Monday said that escalating tensions in West Asia are disrupting global energy flows, putting pressure on oil and gas supplies and triggering sharp price volatility. In his address at the 19th CII Corporate Governance Summit, he cautioned that the ongoing conflict could have far-reaching implications for the global economy. Pandey said the current crisis adds to a series of shoc ...Read More >
Mumbai: Axis Bank's latest provisional update signals consistent balance sheet expansion, with both lending and deposit franchises showing resilience despite a competitive banking environment. Axis Bank's gross advances stood at Rs 12,442 billion as of March 31, 2026, marking a 6.3 percent increase over the December 2025 quarter and an 18.4 percent rise compared to the previous year. This growth highlights continued credit demand across retail and corporate segments, suggesting the bank has mai ...Read More >
*Transparent, accountable utilization of resources stressed Mohinder Verma JAMMU, Apr 4: Further exposing financial indiscipline in the Union Territory, the Comptroller and Auditor General (CAG) of India has revealed a massive year-end spending spree by the Government of Jammu and Kashmir, with nearly half of the total annual expenditure incurred in the last quarter of 2024-25. Follow the Daily Excelsior channel on WhatsApp The Rule 62(3) of the General Financial Rules (GFR) provides that ru ...Read More >
Guwahati: Office of the chief electoral officer, Assam, announced on Sunday that the commissioning of EVMs with Candidate Set for the election to the Assam legislative assembly has been completed across all 126 assembly constituencies in the state.For the upcoming polls scheduled for April 9, a total of 41,320 ballot units, 43,975 control units, and 43,997 voter verifiable paper audit trails (VVPATs) have been commissioned. These figures also include reserve machines to be deployed, if required, ...Read More >
Sambalpur: Two persons were arrested for allegedly siphoning off nearly Rs 3.67 crore of govt funds after a major financial scam was unearthed in the excise department of Sambalpur district, said SP (Sambalpur) Mukesh Bhamu on Friday.The accused have been identified as Sandeep Kumar Pattnaik, a suspended junior assistant posted in the Sambalpur excise office, and Sarat Chandra Behera, a retired assistant sub-inspector (ASI). Police said another accused, Achyut Dehuri, also a retired ASI, is unde ...Read More >
Bhubaneswar: Sambalpur police have arrested two persons, including an Excise department official, in connection with the embezzlement of over Rs 3.67 crore between 2022 and 2025. The arrested accused are Sandeep Kumar Pattnaik, a suspended junior assistant of the Excise department, and Sarat Chandra Behera, a retired Excise assistant sub-inspector (ASI). Another accused, retired ASI Achyuta Dehury, is absconding. The fraud surfaced during an audit of departmental financial records. Based on a ...Read More >
SAMBALPUR: Two persons including a 65-year-old retired assistant sub-inspector (ASI) have been arrested for embezzling government funds to the tune of Rs 3.67 crore from the Excise department, police said on Friday. The accused are Sandeep Kumar Pattnaik (38), a suspended junior assistant, and Sarat Chandra Behera, a retired ASI of the Excise department. Another accused Achyuta Dehury, also a retired ASI, is absconding. Briefing mediapersons here, Sambalpur SP Mukesh Bhamoo said the accused du ...Read More >
Shri Rajesh Kumar has assumed charge as Director (Finance) at REC Limited on 2nd April 2026. On 25th March 2026, the Appointments Committee of the Cabinet (ACC) approved the proposal from the Ministry of Power for the appointment of Shri Rajesh Kumar as Director (Finance) at REC Limited for a period of five years. Rajesh Kumar is a seasoned finance professional who brings over 30 years of extensive experience in the public sector, specifically in the power and infrastructure financing domains. ...Read More >
The interim order came on a petition challenging the July 2, 2024 order issued by the additional chief secretary of the town and country planning department. The order had permitted construction of 'stilt-plus-four floors' on residential plots, raising the earlier cap of 'stilt-plus-three floors'. It had also introduced a composition mechanism even in cases where building plans had not been approved. The order was passed by a division bench of Chief Justice Sheel Nagu and Justice Sanjiv Berry. ...Read More >
Gurgaon: Haryana govt's expert committee report on stilt-plus-four (S+4) residential buildings has returned to the centre of legal and planning debate after Punjab and Haryana high court stayed the policy, citing inadequate infrastructure and apparent dilution of key safeguards proposed by the panel.Hearing a batch of petitions, HC restrained the state govt from acting on its July 2, 2024, notification that allowed S+4 floors on residential plots. It underlined that infrastructure capacity could ...Read More >
Sambalpur: Two persons were arrested for allegedly siphoning off nearly Rs 3.67 crore of govt funds after a major financial scam was unearthed in the excise department of Sambalpur district, said SP (Sambalpur) Mukesh Bhamu on Friday.The accused have been identified as Sandeep Kumar Pattnaik, a suspended junior assistant posted in the Sambalpur excise office, and Sarat Chandra Behera, a retired assistant sub-inspector (ASI). Police said another accused, Achyut Dehuri, also a retired ASI, is unde ...Read More >
A Supreme Court-appointed panel has begun steps to revive Noida's stalled Supernova project, appointing EY as forensic auditor and starting homebuyer verification to fast-track resolution.In a significant push to revive one of NCR's most delayed real estate projects, a Supreme Court-appointed empowered committee has initiated a series of measures to fast-track the resolution of the Supernova project in Noida, originally developed by Supertech Limited and its subsidiary, Supertech Realtors Privat ...Read More >
Shillong, Apr 3 (UNI) Former Meghalaya minister and BJP legislator, Alexander Laloo Hek, has written to Prime Minister Narendra Modi, expressing serious apprehension over the union government's introduction of the Foreign Contribution (Regulation) (FCRA) Amendment Bill, 2026 in parliament. "The proposed amendments raise significant concerns regarding their potential impact on the operational viability, autonomy, and effectiveness of the non-profit sector," Hek argued, while urging the Prime Min ...Read More >
Bhubaneswar: Two employees of the Excise Department, including a retired official, have been arrested by Sambalpur police in connection with an alleged embezzlement of government funds worth over ₹3.67 crore between 2022 and 2025, officials said on Friday. Superintendent of Police, Sambalpur, Mukesh Kumar Bhamoo, said the accused have been identified as Sandeep Kumar Pattnaik, a suspended junior assistant, and Sarat Chandra Behera, a retired Excise Assistant Sub-Inspector (ASI). Police sources ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Solana-based Drift Protocol has suffered the largest exploit of 2026 to date, losing nearly $300 million in a "highly sophisticated operation" that has raised concerns about the growing threat of human-targeted attacks in the crypto space. On Wednesday, Solana-based decentralized exchange (DEX) Drift Protocol was the victim of an exploit that stole hundreds of millions of dollars ...Read More >
New Delhi: The Delhi Assembly has tightened its scrutiny of the Excise Department following serious irregularities flagged in a CAG audit, with the House directing the government to submit an Action Taken Report by January 31, 2027. The directive comes after the Assembly approved recommendations made by the Public Accounts Committee (PAC), calling for urgent corrective measures to address alleged corruption, weak oversight, and policy failures in liquor regulation and supply. The PAC findings p ...Read More >
It has also directed them to review the department-specific recommendations made by the committee and submit the report indicating the status as on December 31, 2026. The 'Second Report of the Committee on Public Accounts on the Report of the Comptroller & Auditor General of India on Performance Audit on Regulation and Supply of Liquor in Delhi', tabled during the recently concluded Budget Session, had flagged losses of ₹890 crore due to the failure to re-tender surrendered liquor shop licence ...Read More >
Gurgaon: Punjab and Haryana high court on Thursday stayed Haryana govt's July 2, 2024, notification that permitted stilt-plus-four (S+4) residential buildings in the city, citing concerns over inadequate urban infrastructure and possible risks to public safety.The interim order was passed during ongoing hearings in a batch of public interest litigations (PILs) challenging the policy. A bench comprising chief justice Sheel Nagu and justice Sanjiv Berry restrained the govt from proceeding with the ...Read More >
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