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Audit Reports
Performance
Bihar
Report No 4 of 2015 - Public Sector Undertakings Government of Bihar
Date on which Report Tabled:
Fri 18 Mar, 2016
Date of sending the report to Government:
Government Type:
State
Sector
Finance
Overview
This Report of the Public Sector Undertakings, Government of Bihar, for the year ended 31 March 2015 includes an overview of functioning of Public Sector Undertakings, two Performance Audits and 14 paragraphs dealing with the Accounts as well as results of Performance Audit and Transaction Audit.
The audit of Financial Statements of Government companies is governed by respective provisions of Section 139 and 143 of the Companies Act, 2013. The Financial Statements of Government companies are audited by Statutory Auditors appointed by CAG of India. These Accounts are also subject to supplementary audit conducted by CAG of India. Audit of Statutory corporations is governed by their respective legislation. As on 31 March 2015, the State of Bihar had 33 working PSUs (30 Companies and three Statutory corporations) and 40 non-working PSUs (all companies), which employed 17281 employees. The State working PSUs had registered a turnover of ` 11619.64 crore as per their latest finalised Accounts. The working PSUs had incurred loss of ` 36.58 crore as per their latest finalised Accounts as of 30 September 2015.