Commercial banks and urban co-operative banks (UCB) will be allowed to rope in at least two auditors not related to each other and will have to take prior approval of the Reserve Bank of India (RBI) for appointment or reappointment of statutory auditors on an annual basis, the central bank said on Tuesday. “For entities with an asset size of Rs 15,000 crore and above as at the end of previous year, the statutory audit should be conducted under joint audit of a minimum of two audit firms,” the RBI said. Any bank with a balance sheet of less than Rs 15,000 crore can have one statutory auditor. However, in all cases, concurrent auditors cannot be appointed as statutory auditors.
Maricopa County Judge Lets 2020 Election Audit Continue For Now
A judge in Arizona on April 27 allowed a 2020 election audit in the state’s largest county to continue, at least until another hearing on April 28.
Maricopa County Superior Court Judge Daniel Martin said he wouldn’t extend a temporary restraining order that would have halted the audit on April 23 if Arizona Democrats had posted a $1 million bond.
“I think this was a very productive and useful hearing. I still have some thinking to do about the requested relief from the plaintiffs. I will do that between now and tomorrow morning,” Martin said.
Arizona GOP Chairwoman Kelli Ward Delivers Update on Maricopa County Forensic Audit
The Arizona Republican Party Chairwoman Kelli Ward gave an update Saturday on the ongoing Maricopa County forensic audit of 2020 ballots and Dominion voting machines.
The Pro-Trump chair is the RIGHT PERSON for the job as party leader in Arizona.
Kelli Ward spoke about how Democrats went to court on Friday in their latest attempt to shut down the ballot audit. In a disgusting move, the Democrats accused Republicans of recruiting hate groups to perform the audit. The court did not accept their bogus argument.
According to Ward, the Arizona Supreme Court weighed in on the latest challenge by Democrats and also allowed the audit to keep going.
PAC asks audit authorities to focus on good governance
National
April 26, 2021
PESHAWAR: Public Accounts Committee (PAC) of the Khyber Pakhtunkhwa Assembly has asked the audit and accounts authorities to focus on performance audit with the sole aim to ensure good governance and eradicate corruption from the public sector organisations.
The committee, however, expressed satisfaction on the recovery ratios of the Food Department and especially lauded its steps for increasing supply of wheat in the nook and corner of the province as well as normalising its rate during the upcoming holy month of Ramadan.
The observation was made during a meeting of the PAC on disposing audit paras on fiscal anomalies in Food Department. The meeting was chaired by MPA Muhammad Idrees at KP Assembly Secretariat in Peshawar. MPA Inayatullah, and high ups of the Food, Law, Finance, Accounts & Audit departments were also present.
Republicans in Arizona are leading a recount of 2.1 million ballots from the state’s most populated county and the process is raising alarms it will undermine faith in democracy