Category: Misc

RISK BASED AUDIT OF BANKS

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His­tor­i­cal­ly, the audit sys­tem in banks has been con­cen­trat­ing on trans­ac­tion test­ing, test­ing of accu­ra­cy and reli­a­bil­i­ty of account­ing records and finan­cial reports and adher­ence to legal and reg­u­la­to­ry require­ments. How­ev­er, in the chang­ing sce­nario such test­ing by itself would…

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Amazon thinks of aquiring Jabong

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Ama­zon is in pre­lim­i­nary talks to buy Jabong, part of the US-based online retail­er’s plan to bol­ster its pres­ence sell­ing fash­ion prod­ucts, four peo­ple aware of the dis­cus­sions told ET. Jabong is one of the fash­ion por­tals that Ama­zon is interested…

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RBI has released Taliban Sanction List

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RBI Has released Tal­iban Sanc­tion List & instruct­ed Region­al Rur­al Banks and State / cen­tral Coop­er­a­tive Banks to update the list of individuals/entities as cir­cu­lat­ed by Reserve Bank and before open­ing any new account, it should be ensured that the name/s…

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Sebi seeks to ease pain of rising legal fees

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The Secu­ri­ties and Exchange Board of India (Sebi). in a bid to ratio­nalise its expens­es, has asked the Union finance min­istry if it could deduct legal fees from penal­ties before remit­ting the amounts to the gov­ern­ment. The num­ber of cas­es in 2013–14…

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