Is there any action for non compliances pointed out by Auditor in Internal audit report?

Internal Audit Report received are analyzed and non compliances observed aremonitored and placed before appropriate authority for appropriate action. Further Exchange has issued Circular No. NSE/INSP/2011/115 dated March 28, 2011 containing indicative list of penalties/actions to be initiated regarding audit observations in Internal Audit Reports

Internal Audit Report received are analyzed and non compliances observed are monitored and placed before appropriate authority for appropriate action. Further Exchange has issued Circular No. NSE/INSP/2011/115 dated March 28, 2011 containing indicative list of penalties/actions to be initiated regarding audit observations in Internal Audit Reports. The penalties are indicative in nature and could undergo change in specific cases depending on frequency and gravity of violations.

Dear Friend, Internal Audit Report received are analyzed and non compliances observed aremonitored and placed before appropriate authority for appropriate action. Further Exchange has issued Circular No. NSE/INSP/2011/115 dated March 28, 2011 containing indicative list of penalties/actions to be initiated regarding audit observations in Internal Audit Reports. The penalties are indicative in nature and could undergo change in specific cases depending on frequency and gravity of violations.