The iconic auditorium will endure renovation; the prime minister has allocated 8 crore

The facilities of the historic Ram Ganesh Gadkari Rangayatan (auditorium) will shortly undergo a significant renovation. According to officials, on Thursday, chief minister Eknath Shinde approved 8 crore rupees for the renovation.

After being constructed in 1978, the auditorium will end...

On August 1, the legislature will meet to discuss COVID-19, the AGO audit, and workplace safety

Among the topics that will be covered at the following Parliament meeting on Monday is the current COVID-19 situation in Singapore, the Auditor-Office General's (AGO) audit of public agencies for the year 2021/2022, and the S$7.4 billion loss recorded by the Monetary Authority of Singapore (M...

A new WHO tool will help organised sports groups improve health

Sports and health are inextricably linked. While sports clubs are frequently viewed as sites for competition and athletic achievement, there is another potential for sports clubs to contribute to general community health gains that have yet to be completely realised.

The WHO European Re...

TOSHIBA EXCLUDES 2 BOARD MEMBERS FROM UPCOMING SHAREHOLDER MEETING

Highlights –

• Toshiba excludes 2 board members from upcoming shareholder meeting.
• Toshiba fend off activist foreign investors in the company's general shareholders' meeting.
• The total number of nominees now comes to 11 from 13....

SSANGYONG MOTOR CO.’S INCREASING DEBT MAKES AUDIOTR REJECT FINANCIAL REPORTS

Highlights –

• SsangYong Motor Co.’s increasing debt makes auditor reject financial reports.
• Samjong KPMG questioned the automakers ability to continue its business.
• The SUV-focused automaker logged $398 million in operating loss ...

CONSULTANTS TO CHECK FRAUD SURROUNDING COVID-19 RESCUE LOANS

HIGHLIGHTS

• The BBB wants to examine the recipients of its emergency loans amid the COVID-19 lockdown. 
• Professionals from RSM and KPMG have been hired by the bank to investigate the loans and uncover cases of fraud.
• Some firms receivin...

SAFETY AUDIT OF INDIGO AND VISTARA BEGINS

HIGHLIGHTS

• DGCA has initiated a special safety audit of IndiGo and Vistara.
• DGCA has already completed a similar exercise on SpiceJet and Air India.
• Some safety issues found in Air India and SpiceJet have been conveyed to them.

AUDITORS EXPRESSED SIGNIFICANT CONCERNS OVER FACEBOOK’S CONTROVERSIAL POSTS

Highlights –

• Auditors have expressed significant concerns over Facebook’s controversial posts.
• A controversial post by President Donald Trump on Facebook has led to disappointment amongst many.
• Major brands plan to boycott ...

CARES Act SENDS $1.4 BILLION TO DECEASED PEOPLE, LEGALLY THIS MONEY CANNOT BE ASKED BACK

Highlights: 

• A glitch in deceased data maintenance leads the government relief funds to be sent to 1.1 million deceased people 
• Legally, this money cannot be asked to be returned

The coronavirus relief funds were distribute...

Carrot vs. Stick

Nobody likes to be examined. All alone, "audit" suggests bad behavior or, in any event, imprudence. Opening the books especially stings when the subject of a review accepts that each committee has been met in compliance with common decency. A review proposes the evaluating party sees ju...