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CAG Announces Creation of Centralized Cadres for Expenditure and Revenue Audits
The Director General of Audit (Central Expenditure) issued Circular No. 43 dated 21.11.2025 had announced initiative to establish centralized cadres...
CAG Findings of Duty Non-Compliance do not Trigger Automatic Penalty u/s 11AA of CEA, SCN should be Issued: Punjab & Haryana HC [Read Order]
In a recent ruling, the Punjab & Haryana High Court clarified that findings of Excise duty non-compliance in a Comptroller and Auditor General ( CAG ) audit do not automatically lead to the...
CAG Flags High-Risk Taxpayers for Likely Undeclared Turnover to Exploit GST Composition Levy Scheme
In a recent report, the Comptroller and Auditor General of India ( CAG ) flagged a huge number of high-risk taxpayers who are likely under-declaring their turnover to continue availing benefits under...
NFRA Findings Expose Individual Auditor Failures, Not Standard Inefficiencies: ICAI Prez Raises Concerns Over Revised SA 600 and SA 299
The ICAI President has raised concerns regarding the adoption of revised auditing standards SA 600 and SA 299, recently approved by the National Financial Reporting Authority ( NFRA ) for...
