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Social Accountability 8000 (SA 8000) is an international standard for social accountability management systems.It was developed in 1997 by Social Accountability International, formerly the Council on Economic Priorities Accreditation Agency, by an advisory board consisting of trade unions, NGOs, civil society organizations and companies. [1]
Indian Audit and Accounts Service (IA&AS) is a group 'A' central civil service [5] under the Comptroller and Auditor General of India, ...
It involves among others, (a) accountancy audit, (b) regularity audit, (c) appropriation audit, (d) discretionary audit and (e) efficiency-cum-performance audit. At the beginning of its term every year, the committee makes a selection of audit paragraphs included in the various reports of C&AG for in-depth examination.
According to Section 132 of the Companies Act 2013, "NFRA is responsible for recommending accounting and auditing policies and standards in the country, undertaking investigations, and imposing sanctions against defaulting auditors and audit firms in the form of monetary penalties and debarment from practice for up to 10 years." [4]
Architecture Review & Audit: This involves a detailed examination of the architecture of IT systems to ensure that they align with best practices and predefined standards. Software Application Testing: Functional Testing: Ensures that software applications meet specified functional requirements.
Audit of government accounts (including the accounts of the state governments) in India is entrusted to the CAG of India who is empowered to audit all expenditure from the Consolidated Fund of the union or state governments, whether incurred within India or outside, all revenue into the Consolidated Funds and all transactions relating to the ...
An information technology audit, or information systems audit, is an examination of the management controls within an Information technology (IT) infrastructure. The evaluation of obtained evidence determines if the information systems are safeguarding assets, maintaining data integrity , and operating effectively to achieve the organization's ...
The CAG is also the head of the Indian Audit and Accounts Department, the affairs of which are managed by officers of Indian Audit and Accounts Service, and has over 45,000 employees across the country. [citation needed] The CAG is ranked 9th and enjoys the same status as a judge of Supreme Court of India in Indian order of precedence.