Govt extends implementation of mandatory audit trail of companies accounts till Apr 1, 2022
Earlier on March 24, the ministry had issued a notification making it mandatory for the companies to record audit trail of each and every financial transaction done on their accounting software.
BusinessToday.In | April 1, 2021 | Updated 22:23 IST
In a notification on Thursday, the Ministry of Corporate Affairs extended the implementation of the rule till April 1, 2022.
The government has extended till April 1, 2022, the date for implementation of rule making it mandatory for companies using accounting software for maintaining their books to use software that allows to record audit trail of each and every transaction.
LHC orders five-year audit of private law colleges
LHC determined law colleges were giving LLB admission to ineligible students
LAHORE:
A five-year audit of all private law colleges has been ordered by Lahore High Court (LHC) Chief Justice (CJ) Muhammad Qasim Khan, on Wednesday, after it was determined that law colleges were giving LLB admissions to students who had failed to complete their BA degrees.
While the court was in session, Petitions were heard by the chief justice pertaining to the legitimacy of degrees of various present and previous representatives of the Bar Association.
The legal advisor to the Punjab University, Advocate Malik Muhammad Awais Khan informed the court that the degrees of Advocate Ali Ahsan Rana (who was also the ex-president of the Tax Bar Association), and Advocate Irfan Ahmed (also the vice-president of the Lahore Bar Association Cantt) were found to be fake.
Financial News
Long-awaited audit reform plans to be published this week By Wednesday March 17, 2021 1:41 pm
A blueprint for the shake-up of the UK’s audit sector set to be published this week could include plans for the mandatory clawback of bonuses following corporate wrongdoing.
The audit reform whitepaper, due to be published on 18 March, will include proposals for the cancellation or clawback of directors’ bonuses where directors have failed to protect customers and employees interests, Sky News reported.
The.
The Australian share market trades down, despite jobs figures that show the nation is surpassing predictions. New Zealand's economy isn't faring as well as expected.
Finance firm CLSA Premium recorded $15m loss before FMA imposed restrictions on trading
16 Mar, 2021 04:42 AM
3 minutes to read
Last year the FMA launched proceedings against CLSAP NZ alleging breaches of the Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) Act.
Duncan Bridgeman is head of premium business content for the New Zealand Heraldduncan.bridgeman@nzherald.co.nz@Dunc1000
Financial services firm CLSA Premium NZ, formerly KVB Kunlun, slumped to a $15m loss prior to being effectively shut down by the Financial Markets Authority for failing to meet audit and assurance requirements. In accounts just filed to the Companies Office, CLSAP NZ showed a net loss of $14.97m in the year ended December 31, 2019 as operating income tumbled from $77.9m to just $3.26m.