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

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 preetham asked over 2 years ago

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

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3 Answers
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 acharya answered over 2 years ago

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

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 veeru answered over 2 years ago

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.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 CA Sandeep Bohra answered over 2 years ago

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.

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