Audit Reports
Punjab
Report No. -1 of 2013 Government of Punjab - Report of the Comptroller and Auditor General of India on Public Sector Undertakings (Social, General and Economic Sectors)
Overview
Government commercial enterprises, the accounts of which are subject to audit by the Comptroller and Auditor General of India (CAG). fall under the following categories: (a) Government companies, (b) Statutory corporations, and (c) Departmentally managed commercial undertakings.
This report deals with the results of audit of Government companies and Statutory corporations and has been prepared for submission to the Government of Punjab under Section 19A of the Comptroller and Auditor General's (Duties. Powers and Conditions of Service) Act. 1971. as amended from time to time. The results of audit relating to departmentally managed commercial undertakings are presented separately.
Audit of the accounts of Government companies is conducted by the CAG under the provisions of Section 619 of the Companies Act. 1956. The cases mentioned in this Report are those, which came to notice in the course of audit during the year 2011-12 as well as those, which came to notice in earlier years, but could not be dealt w ith in the previous Reports: matters relating to the period subsequent to 2011-12 have also been included, wherever necessary. The audit has been conducted in conformity with the Auditing Standards issued by the Comptroller and Auditor General of India.