NEW DELHI: The Directorate General of Civil Aviation (DGCA) Wednesday said it has had 263 ‘findings’ (lapses found during audits) across eight airlines in the last one year. Among big airlines, 51 ‘findings’ were at Air India, followed by 25 at Air India Express and 23 at IndiGo.Of the total 263, 19 were level one…
NEW DELHI: Regulator DGCA has uncovered a range of safety violations across major airports, including those in Delhi and Mumbai, during an audit of country’s civil aviation ecosystem. DGCA found aircraft taking off with worn tyres, faded runway markings, and vehicles operating on tarmacs without speed governors, among other critical lapses.“Showcause notices are being issued,…
NEW DELHI: Jolted by the tragic crashes of Air India flight 171 and multiple helicopters in Uttrakhand within the last one month, the Directorate General of Civil Aviation (DGCA) has ordered a “comprehensive special audit” of Indian aviation ecosystem. This covers scheduled, non-scheduled, and private airlines; maintenance, repair, and overhaul (MRO) organisations; approved training organisations…
The Institute of Chartered Accountants of India (ICAI) has begun reviewing the financial statements of IndusInd Bank and Gensol Engineering and expects the process to take at least six months before any action is taken against auditors for alleged lapses.ICAI president Charanjot Singh Nanda said the review is being handled by the Financial Reporting Review…
NEW DELHI: The Supreme Court has allowed audit regulator National Financial Reporting Authority (NFRA) to continue its proceedings against chartered accountants and firms where no audit quality review reports have been prepared and final orders are yet to be passed.During a hearing in a case challenging an order passed by the Delhi HC, a bench…
In the 17 months since the Boston Red Sox hired Craig Breslow as chief baseball officer — their fourth leadership change within the past 10 seasons — the organization has undergone sweeping changes, particularly behind the scenes in the front office. Under Breslow’s direction, longtime employees have been fired, while others have left on their…
SEBI Rules: निवेशकों से फ्रॉड करने वाली कंपनियों की अब खैर नहीं है. फ्रॉड के लक्षण दिखते ही कंपनियां अब पकड़ा जाएंगी. शेयर मार्केट रेगुलेटर सेबी ऐसा इंतजाम करने जा रही है, ताकि शेयर बाजार में निवेश करने वाले निवेशक धोखाधड़ी के शिकार नहीं हों. इसके लिए कंपनियों की कड़ी निगरानी की जाएगी. कंपनियों की…
New Delhi: To enhance the quality and the level of interactions between auditors and companies’ audit committees, NFRA chief Ajay Bhushan Prasad Pandey has said the watchdog plans to come out with six to seven papers having sets of questions that will cover various aspects of statutory audits. “The papers will also help the stakeholders…
NEW DELHI: A group of Akasa Air pilots continues to express discontent over alleged training concerns and seeking a thorough DGCA audit following the regulator’s decision to suspend two senior officials. Additionally, the pilots have informed the civil aviation ministry and DGCA about their plans to establish a pilots’ union.The Directorate General of Civil Aviation…