Audit Reports

pertaining to institutions substantially financed by the Government To identify the institutions which attract audit under Sections 14 and 15 of the CAG’s (Duties, Powers and Condit ions of service) Act, 1971, heads of the G overnment departments are required to furnish to A udit every year.........

2.1.2 Audit of appropriation by the Comptroller and Auditor General (CAG) of India seeks to ascertain whether expenditure actually incurred under various grants is within the authorization given under the Appropriation Act and that the expenditure required to be charged under the provisions.........

i Government of Gujarat Report No. 6 of 2014 http://www.cag.gov.in Report of the Comptroller and Auditor General of India on General and Social Sector for the year ended March 2014 TABLE OF CONTENTS ParticularsParagraph numberPage number Prefacev CHAPTER-I –.........

Accountants) appointed by the Comptroller and Auditor General under the Companies Act are subject to supplementary audit by officers of the CAG, and the CAG gives his comments or supplements the reports of the Statutory Auditors. In addition, these Companies are also subject to test.........

The accounts of the State Government companies are audited by Statutory Auditors who are appointed by CAG as per the provisions of Section 619(2) of the Companies Act, 1956. These accounts are also subject to supplementary audit by CAG, as per the provisions of Section 619 of the Companies.........

CHAPTER -1 INTRODUCTION Chapter-1 Introduction 1.1 About this Report This Report of the Comptroller and Auditor General of India (C&AG) relates to matters arising from performance audit of selected programmes and activities and compliance audit of Government departments.........

General 4.12 Follow-up action on Audit Reports Explanatory notes38 outstanding 4.12.1 The Audit Reports of the CAG represent the culmination of the process of scrutiny starting with initial inspection of accounts and records maintained in the various Government Companies and Statutory.........

Gove (Previous (as on ment ment ment rnm year) 31.3.2010 ) ent (1) (2) (3) (4) 5(a) 5(b) 5(c) 5(d) 6 (a) 6(b) 6 (c) 6 (d) (7) (8) 6 Meat Products of India Animal March 1973 1.36 0.45 1.81 0.13 0.20 0.33 0.18:1 91 Limited (MPIL) Husbandry (0.28:1) 7 Oil Palm India Limited Agriculture November 6.80.........

3. Audit of the accounts of Government companies is conducted by CAG under the provisions of Section 619 of the Companies Act, 1956. 4. In respect of Jharkhand State Electricity Board which is a Statutory corporation and Jharkhand State Electricity Regulatory Commission, CAG is the sole auditor..........

Auditors appointed by CAG. These accounts are also subject to supplementary Arrears in accounts audit conducted by CAG. Audit of the All the 13 PSUs had arrears of a total of 52 Statutory corporation (Jharkhand State Electricity Board) is governed by the accounts as of September 2012. The.........

These officials were also liasoning with various wings of the Board in furnishing replies to the audit report of the CAG. Conclusion The Board did not have sufficient funds to execute projects and was dependent on GoJ/REC for funds, due to which they faced problems in execution of various.........

# Impact of accounts comments include the net impact of comments of Statutory Auditors and CAG and is denoted by (+) increase in profit/ decrease in losses and (-) decrease in profit/ increase in losses. 0 Capital employed represents net fixed assets (including capital works-in-progress) plus.........

As per State Financial Corporations (Amendment) Act, 2000. the CAG has the right to conduct the audit of accounts of Karnataka State Financial Corporation in addition to the audit conducted by the Chartered Accountants, appointed by the Corporation out of the panels of auditors approved by.........

The of PSUs. A review of three years’ Audit Reports of accounts of Government companies are audited by CAG shows that the State PSUs’ losses of Statutory Auditors appointed by the CAG. These Rs. 549.70 crore and infructuous investments of accounts are also subject to supplementary audit.........