The PSU Audit Wing in the office of Pr Accountant General (Audit), Jammu & Kashmir and Ladakh is stationed at Branch Office, Jammu and is under the charge of Bracnch Officer. The Wing has been created primarily to conduct audit of Government Companies/Statutory Corporations. The supplementary audit of accounts of Government Companies is conducted as per the provisions of section 619(4) of the Companies Act, 1956 or section 143(6) of the Companies Act, 2013. Accounts audit of the Statutory Corporations is also conducted under the provisions of the respective Acts of the State Legislature governing these Corporations.

Position of manpower

The wing has strength of 10 Sr. Audit Officers and 16 Assistant Audit Officers.

Public Sector undertakings/Departmental Undertaking

There were 33 PSUs (excluding six PSUs incorporated which have yet to become operational) and two departmental undertakings as per following details:

Type of PSUs/Departmental Undertaking Numbers
Government Companies 30
Statutory Corporations 3
Food, Civil Supplies and Consumer Affairs Department and Govt. Presses (one each at Jammu and Srinagar) 2

The list of PSUs/DUs under audit jurisdiction of PSU Wing is as follows:

S. No. Name of the Audited Entity
A Government Companies
1 J&K Projects Construction Corporation Limited
2 J&K Women’s Development Corporation
3 J&K SC/ST/BC Development Corporation
4 J&K Police Housing Corporation Limited
5 J&K Bank Limited
6 J&K Bank Financial Services Limited
7 J&K Overseas Employment Corporation Limited
8 J&K State Power Development Corporation
9 J&K Industries Limited
10 J&K State Industrial Development Corporation Limited
11 J&K Tourism Development Corporation Limited
12 J&K Agro Industries Development Corporation Limited
13 J&K Minerals Limited
14 J&K Handicrafts (S&E) Corporation Limited
15 J&K HPMC Limited
16 J&K Cements Limited
17 J&K Handloom Development Corporation Limited
18 J&K Small Scale Industries Development Corporation Limited
19 J&K Cable Car Corporation Limited
20 Chenab Valley Power Projects Private Limited
21 J&K Medical Supplies Corporation Ltd.
22 Jammu and Kashmir State Road Development Corporation Limited
23 Jammu and Kashmir International Trade Centre
24 Jammu and Kashmir Power Transmission Company Limited
25 Jammu and Kashmir Power Trading Company Limited
26 Jammu Power Distribution Company Limited
27 Kashmir Power Distribution Company Limited
28 Jammu and Kashmir Trade Promotion Organisation
29 J&K Entrepreneurship  Development Institution
30 J&K Infrastructural Development Finance Corporation Ltd.
  Statutory Corporations
31 J&K State Financial Corporation
32 J&K State Road Transport Corporation
33 J&K State Forest Corporation
B Departmental Undertakings
34 Food, Civil Supplies and Consumer Affairs Department
35 Government Presses

Audit Plan of PSU Audit Wing for the year 2019-20

Performance/Thematic Audit for Audit Report

For the Audit Report (PSU) for the year ended on 31 March 2019, one PA on the working of Jammu and Kashmir State Road Transport Corporation and one TBA on ‘Receipt of Govt. Grants and its utilisation’ in selected PSUs have been performed.

Compliance Audit

As per the approved audit plan for the year 2019-20, 110 units (64: High Risk, 22: Medium Risk and 24: Low Risk categories) have been planned to be covered.

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