https://www.taxtmi.com/circulars?id=52515 The instruction strengthens supervisory roles and reporting to improve settlement and quality of internal audits by mandating monthly and quarterly reviews, reconciliation of pendency, and standardized reporting via Annexure I. CCIT (CCA), jurisdictional CCITs/DGITs and CsIT (Audit) have prescribed duties including monitoring conformity to the Central Action Plan, vetting significant objections before raising them, compiling lists where internal audit failed to detect errors, and taking action against erring auditors. The classification of Major audit objection for income and corporation tax is revised to align with external audit monetary limits and applied to pending objections. en-us Fri, 18 Oct 2013 00:00:00 +0530 Tue, 11 Jun 2024 15:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=52515 The instruction strengthens supervisory roles and reporting to improve settlement and quality of internal audits by mandating monthly and quarterly reviews, reconciliation of pendency, and standardized reporting via Annexure I. CCIT (CCA), jurisdictional CCITs/DGITs and CsIT (Audit) have prescribed duties including monitoring conformity to the Central Action Plan, vetting significant objections before raising them, compiling lists where internal audit failed to detect errors, and taking action against erring auditors. The classification of Major audit objection for income and corporation tax is revised to align with external audit monetary limits and applied to pending objections. Circulars Income Tax Fri, 18 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/circulars?id=52515