Audit Reports

11 February 2014

Compliance

Report No. 25 of 2013 - Compliance Audit on Railways, Union Government (Railway)

were covered in the Performance Audit on ‘Assessment, procurement/production, utilisation and maintenance in Indian Railways’ and included in the CAG’s Report No.9 of 2003. The Report highlighted the following:.........

Sector:

Transport & Infrastructure

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30 August 2012

Compliance

Report No. 13 of 2012 - Compliance Audit on Observations, Union Government(Civil)

This Report contains significant audit findings which arose from the compliance audit of the financial transactions of Civil Ministries. It contains 12 chapters. Chapter I gives a brief introduction while Chapters II to XI present detailed audit...

Sector:

General Sector Ministries and Constitutional Bodies

Chapter 1 - Introduction

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transactions relating to expenditure, receipts, assets and liabilities of audited entities to ascertain whether the provisions of the Constitution of India, applicable laws, rules, regulations and various orders and instructions issued by competent authorities are being complied with. Compliance.........

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08 August 2013

Compliance

Report No. 13 of 2013 - Compliance Audit on Observations of Union Government, Commercial

This Report includes important audit findings noticed as a result of test check of accounts and records of Central Government Companies and Corporations conducted by the Comptroller and Auditor General of India under Section 619(3) (b) of the...

Sector:

Finance

Preface

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The accounts certified by the Statutory Auditors (Chartered Accountants) appointed by the CAG under the Companies Act are subject to the supplementary audit by CAG whose comments supplement the reports of the Statutory Auditors. In addition, these companies are also subject to test audit by the.........

Chapter – 16 Follow-up on Audit Reports

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Report No. 13 of 2013 CHAPTER XVI Follow-up on Audit Reports (Commercial) Audit Reports of the CAG represent the culmination of the process of scrutiny of accounts and records maintained in various offices and departments of PSUs. It is,.........

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13 August 2013

Compliance

Report No. 14 of 2013 - Compliance Audit on Customs Union Government, Department of Revenue

taxation policy with respect to SEZ and SEZ units. PAC has also discussed the CAG Performance audit report on SEZ at length. Table 1.10 : Performance of SEZs in FY 11 TO FY 12 Exports in 2010‐11 .........

Sector:

Taxes and Duties

Chapter 1 - Customs Revenue

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PAC has also discussed the CAG Performance audit report on SEZ at length. Table 1.10 : Performance of SEZs in FY 11 TO FY 12 Exports in 2010-11 ?315867.85 crore (Growth of 43.11% over 2009-10) DTASale (Counted for+ve NFE) ?29093.02 crore (8.11% of total production) DTASale (Not counted for +ve.........

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23 August 2013

Compliance

Report No. 17 of 2013 - Compliance Audit on Indirect Taxes-Central Excise and Service Tax Union Government, Department of Revenue

This Report contains 239 audit observations pertaining to Central Excise duties and Service Tax, having a total revenue implication totalling RS 569.55 crore. The Ministry/department had, till May 2013, accepted audit observations involving revenue...

Sector:

Taxes and Duties

Chapter 1 - Central Excise and Service Tax Revenue

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Taxes-Central Excise and Service Tax) Chapter I Central Excise and Service Tax Revenues Resources of the Union Government 1.1 The Government of India's resources include all revenues received by the Union Government, all loans raised by issue of treasury bills, internal and external loans.........

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23 August 2013

Compliance

Report No. 15 of 2013 - Compliance Audit on Direct Taxes-Union Government, Department of Revenue

This Report discusses important issues in direct taxes using data from Finance Accounts, departmental accounts, departmental MIS, Economic Survey and findings of compliance audits.Share of direct taxes in gross tax receipts increased from 38.42 per...

Sector:

Taxes and Duties

Direct Tax Administration

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PAC while examining the paragraph8 also agreed with the view of CAG that interest is an item of expenditure and should not be reduced from the Gross tax collection. 1.6.2 CBDT stated (April 2013) that the matter is being followed up as per directions of PAC with the Ld. Attorney General to give.........

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18 February 2014

Compliance

Report No. 30 of 2013 - Union Government (Defence Services) Army y and Ordnance Factories

CA No. 30 of 2013 (Defence Services) 3 CAG’s (DPC) Act. Major Cantonment Boards are audited under Section 14 2 of the said Act. Principles and methodology of compliance audit are prescribed in the “Regulations of Audit and Accounts, 2007”. 1.5 Planning and Conduct of Audit Our audit.........

Sector:

Defence and National Security

Chapter 1 - Introduction

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2 CA No. 30 of 2013 (Defence Sendees) CAG’s (DPC) Act. Major Cantonment Boards are audited under Section 142 of the said Act. Principles and methodology of compliance audit are prescribed in the “Regulations of Audit and Accounts, 2007”. 1.5 Planning and Conduct of Audit Our audit.........

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13 December 2013

Compliance

Report No. 23 of 2013 - Compliance Audit on Autonomous Bodies, Union Government(Civil)

In 2011-12, there were 354 central autonomous bodies whose accounts were to be certified under Section 19(2) and 20(1) of the CAG's (DPC) Act 1971. Government of India released Rs.36247.97 crore towards grants/loans to 222 central autonomous bodies during 2011-12..........

Sector:

General Sector Ministries and Constitutional Bodies

Appendices

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(Referred to in paragraph 1.1.1) Grants/loans released from 2007-08 to 2011-12 to Central autonomous bodies audited under Sections 19(2) and 20(1) of CAG’s (DPC) Act, 1971 (7 in lakh) SI. 2011-12 2010-11 2009-10 2008-09 2007-08 No. / Name of Body Grant Loan Expendit-Grant Loan Expendit Grant.........

Index

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8.1 47 | Appendices I Grants/loans released from 2007-08 to 2011-12 to Central 49 autonomous bodies audited under Sections 19(2) and 20(1) of CAG’s (DPC) Act, 1971 II Grants/loans released from 2007-08 to 2011-12 to Central 84 autonomous bodies audited under Sections 14(1) and 14(2) of.........

Overview

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of autonomous bodies In 2011-12, there were 354 central autonomous bodies whose accounts were to be certified under Section 19(2) and 20(1) of the CAG’s (DPC) Act 1971. Government of India released X 36247.97 crore towards grants/loans to 222 central autonomous bodies during 2011-12..........

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06 September 2013

Compliance

Report No. 21 of 2013 - Compliance Audit on Compensatory Afforestation in India, Union Government, Ministry of Environment and Forests

purely transient, in nature and the accounts format/ systems that should have been adopted by Ad-hoc CAMPA have not till date been specified by the CAG/ Controller General of Accounts (CGA). The reply of MoEF is not acceptable. Though Ad-hoc CAMPA was purely transient it was created in.........

Sector:

Environment and Sustainable Development

Chapter 5 - Investment of accumulated Compensatory Afforestation Funds

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The auditors were to be appointed by the CAG. The audit was to examine whether proper financial procedure had been followed while investing the funds. During the period 2006 and 2012, the Compensatory Afforestation Funds with Ad-hoc CAMPA grew from 1,200 crore to 23,608 crore. As on 31.........

Chapter 6 - Oversight Arrangements

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In the absence of the above information, no meaningful audit can be carried out by the CAG. Compensatory Afforestation in India 137 | P a g e Report No. : 21 of 2013 Meeting Directions/ observations issued number and date 6th meeting It was observed that hardly any progress has been made.........

Chapter 3 - Collection of Compensatory Afforestation Funds

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purely transient, in nature and the accounts format/ systems that should have been adopted by Ad-hoc CAMPA have not till date been specified by the CAG/ Controller General of Accounts (CGA). The reply of MoEF is not acceptable. Though Ad-hoc CAMPA was purely transient it was created in.........

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07 May 2013

Compliance

Report No. 2 of 2013 - Compliance Audit on General Purpose Financial Reports of Central Public Sector Enterprises of Union Government, Commercial

2012, there were 481 Central Government Public Sector Enterprises (CPSEs) under the audit jurisdiction of the Comptroller and Auditor General of India. These included 338 government companies, 137 deemed government companies and six statutory corporations. This Report deals with 422 CPSEs.........

Sector:

Finance

Chapter 2 - Oversight Role of CAG

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CHAPTER 2 Oversight Role of CAG 2.1 Audit of Public Sector Enterprises Under Section 619 of the Companies Act, 1956, the auditor (statutory auditor) of a government company.........

Chapter 1 - Financial Performance of Central Public Sector Enterprises

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by the Comptroller and Auditor General of India (CAG) under the provisions of Section 619 of the Companies Act, 1956 read with Section 19 of the CAG's (Duties, Powers and Conditions of Service) Act, 1971 and the Regulations made there under. Under the Companies Act, 1956, the CAG appoints the.........

Executive Summary

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Only 10 companies out of 60 companies earned profit off 1,981 crore during 2011-12. [Para 1.4.1 ] CAG's oversight role Out of 481 CPSEs including six statutory corporations, annual accounts for the year 2011-2012 were received from 376 CPSEs in time (i.e. by 30 September 2012) including five.........

Preface

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The Statutory Auditors (Chartered Accountants) appointed by the CAG certify the accounts of such companies which are subject to supplementary audit by officers of the CAG. The CAG gives his comments or supplements the report of the Statutory Auditors. The Companies Act, 1956 empowers the.........

Index

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in government companies 8 and corporations 1.4 Loss making CPSEs 13 1.5 Operating efficiency of government companies 15 Chapter 2 Oversight role of CAG 2.1 Audit of Public Sector Enterprises 17 17 2.2 Appointment of statutory auditors of Public Sector Enterprises by CAG 2.3 Arrears of accounts.........

Chapter 5 - Compliance with DPE Guidelines

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There were 7 Audit Paras, involving 27 CPSEs violating the DPE guidelines, printed in the CAG's Audit Report No.3 of the year 2011-12. These are summed up in the following table: 85 Report No. 2 of 2013 SI. Subject Area Number of in crore) No. of in No cases in crore) Audit CPSEs Cases Mone¬.........

Chapter 4 - Convergence of Indian Accounting Standards with IFRS

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under the Chairmanship of Secretary, MCA to prepare a road-map for convergence with representatives from Regulatory Bodies (Reserve Bank of India, CAG, Securities and Exchange Board of India, Insurance Regulatory & Development Authority, Pension Fund Regulatory and Development Authority),.........

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