Audit Reports

and PSUs for the year ended March 2019 160 Annexure 3.2 (Referred to in paragraph 3.1.5) Statement showing the details of rendering of accou nts to CAG and submission of Audit Report to State Legislature by the autonom ous bodies Sl. No. Name of the body Period of entrustment of audit of.........

Separate Audit Report (SAR) for each of the autonom ous bodies audited contains CAG’s comments on the accounting treatment with regard to classification, conformity with the best accounting practices, accounting standards, disclosure norms, etc. Audit of accounts of 10 Autonomous Bodies in.........

vii Preface This Report contains three parts. Chapter-I of this Report relates to the audit of Revenue Sect or Departments of the Government. The audit of receipts is conducted under Section 16 of the Comptroller and Auditor General’s (Duties,...

Chapter I: Revenue Sector 9 1.1.5.2 Non-production of records to Audit for scrutiny As per Section 18 (1) (b) of CAG’s DPC Act, 1971, a ny accounts, books, papers and other documents which deal with or form basis or are otherwise relevant to the transactions to which his duties in.........

of NGOs which received Grants-in-Aid of ` 25 lakh or above during 2018-19 3.1.1 159 3.2 Statement showing the details of rendering of accounts to CAG and submission of Audit Report to State Legislature by the autonomous bodies 3.1.5 160 3.3 Implementation of welfare schemes 3.2.6.2(c) 16.........

and PSUs for the year ended March 2019 160 Annexure 3.2 (Referred to in paragraph 3.1.5) Statement showing the details of rendering of accou nts to CAG and submission of Audit Report to State Legislature by the autonom ous bodies Sl. No. Name of the body Period of entrustment of audit of.........

Separate Audit Report (SAR) for each of the autonom ous bodies audited contains CAG’s comments on the accounting treatment with regard to classification, conformity with the best accounting practices, accounting standards, disclosure norms, etc. Audit of accounts of 10 Autonomous Bodies in.........

vii Preface This Report contains three parts. Chapter-I of this Report relates to the audit of Revenue Sect or Departments of the Government. The audit of receipts is conducted under Section 16 of the Comptroller and Auditor General’s (Duties,...

Chapter I: Revenue Sector 9 1.1.5.2 Non-production of records to Audit for scrutiny As per Section 18 (1) (b) of CAG’s DPC Act, 1971, a ny accounts, books, papers and other documents which deal with or form basis or are otherwise relevant to the transactions to which his duties in.........

of NGOs which received Grants-in-Aid of ` 25 lakh or above during 2018-19 3.1.1 159 3.2 Statement showing the details of rendering of accounts to CAG and submission of Audit Report to State Legislature by the autonomous bodies 3.1.5 160 3.3 Implementation of welfare schemes 3.2.6.2(c) 16.........

3.3 Non-submission/delay in submission of accounts The audit of 10 bodies/authorities has been entrust ed to the CAG under Sections 19 and 20 of the CAG’s (Duties, Powers and Conditions of Service) Act, 1971. The status of entrustment of audit, rendering of accoun ts to audit and issuance of.........

3.3 Non-submission/delay in submission of accounts The audit of 10 bodies/authorities has been entrust ed to the CAG under Sections 19 and 20 of the CAG’s (Duties, Powers and Conditions of Service) Act, 1971. The status of entrustment of audit, rendering of accoun ts to audit and issuance of.........

of cess fund of ` 1,691 crore collected for welfare of construction workers was highlighted in Paragraph 3.9 of Comptroller and Auditor General of India’s Audit Report on GNCTD (Non-PSUs) for the ye ar ended 31 March 2016. Also, the Supreme Court has time and again commented on the poor Audit.........

Audit of accounts of 10 Autonomous B odies in NCTD is entrusted to the CAG. The status of entrustment of audit, rendering of accounts to audit, issuance of SARs and its placement in the Legislature as on 31 March 201 8 is indicated in Appendix 1.2. 1.6 Planning and conduct of A udit The audit.........

By 31 March 2020, PAC discussed 45 selected paragra phs pertaining to the CAG’s Audit Reports for the years from 2012-13 to 2 015-16. PAC gave 57 recommendations 23 in respect of CAG’s Audit Reports for the years fr om 2010-11 to 2013-14, which were incorporated in five PAC Reports.........

under the Companies Act (including three State Government Controlled Other Companies) in the State of Punjab and under the audit jurisdiction of the CAG of India (as detailed in Annexure 10). This chapter covers review of 29 working SPSEs for the year ende d 31 March 2020. Out of these 29 SPSEs,.........

The Statutory A uditors (Chartered Accountants) appointed by the CAG certify the accou nts of such companies which are subject to supplementary audit by the CAG . The CAG gives his comments or supplements the reports of the Stat utory Auditors. The Companies Act, 2013 empowers the CAG to issue d.........

Chapter-VI Impact of implementation of Indian Accounting Standards (Under Phase-I & II) in State Public Sector Enterprises 73 CHAPTER - VI Impact of Implementation of Indian Accounting.........

(Paragraph 2.1) Out of 24 working Government Companies, eight Compa nies submitted their accounts for the year 2019-20 for audit by CAG on o r before 31 December 2020 as per statutory requirement. Of the four Stat utory Corporations, Accounts for the year 2019-20 were pending in respe ct of.........

Out of five Power Sector SPSEs, four SPSEs submitte d their accounts for the year 2019-20 for audit by CAG on or before 31 Decem ber 2020 9 as per statutory requirement. Details of arrears in submission of accounts of Pow er Sector SPSEs for the last three years ending 31 March 2020 are given.........

Chapter-III on Oversight role of the Comptroller an d Auditor General of India highlights significant comments of the Comptroller and Auditor General of India issued as supplement to the Statutory Auditor s’ Reports on the State Government Companies. Chapter-IV reviews the compli ance with.........

Statement showing details of other than Power Secto r SPSEs, Statutory Corporations and Government controlled other Compan ies under the purview of CAG’s audit during 2019-20 Sl. No. Name of other than Power Sector SPSE Remarks SPSEs included in the Chapter A. Working Government Companies 1..........

These accounts are audited i ndependently by the Principal Accountant General (Audit), and certified by the CAG. Finance Accounts and Appropriation Accounts of the State constitute the core data for this report. Other sources include the fol lowing:  Budget of the State: for assessing the.........

incurring losses 5.8 127-128 Audit of State Public Sector Enterprises 5.9 128 Appointment of statutory auditors of State Public Sector Enterprises by CAG 5.10 128 Submission of accounts by State Public Sector Enterprises 5.11 128-130 CAG’s oversight - Audit of accounts and supplementary audit.........

On the advice of the CAG, the President of India has so far notified thr ee Indian Government Accounting Standards (IGAS). Compliance to these Ac counting Standards by Government of Punjab as well as deficiencies therei n during 2020-21 is detailed in Table 4.5 . Table 4.5: Compliance to.........

Audit of appropriations by the CAG seeks to ascerta in whether the expenditure actually incurred under various grants is in accordance with the authorisation given under the Appropriation Act and that the expenditure required to be charged under the provisions of the Constitution (Article.........

of Audit of State Public Sector Enterprises regarding investment, disinvestments, returns, debt servicing, performanc e and losses incurred, also the CAG’s oversight on Audit of accounts of St ate Public Sector Enterprises. The Report containing the findings of performance a udit and audit of.........

Performance Audit on “Working of Guru Nanak Dev Uni versity” printed as paragraph 2.2 in CAG’s Audit Report on Social, Gene ral and Economic Sectors (Non-PSUs) for the year ended 31 March 2015 -Government of Punjab, was discussed in the Public Accounts Commit tee (PAC) meetings 12 272.........

This had also been highlighted in CAG’s Audit Repor t on Social, General and Economic Sectors (NPSUs) for the year ended 31 March 2015- Government of Punjab in the PA on “Working of GNDU” . The PAC had directed (July 2020) the GNDU, Amritsar to provide details of vacant posts and efforts.........

The STR was as per RUSA norms in 13 colleges (Appendix 3.2). This had also been highlighted in CAG’s Audit Repor t on Social, General and Economic Sectors (NPSUs) for the year ended 31 March 2015- Government of Punjab in the PA on “Working of GNDU” . The PAC had desired (July 2020) that the.........

The issue had also been highlighted in CAG’s Audit Report on Social, General and Economic Sectors (NPSUs) for the year e nded 31 March 2015 - Government of Punjab in the PA on “Working of GND U”. The PAC had desired (June 2020) that the GNDU should make effor ts to get the funds released.........