Audit Reports

by Audit) indicating remedial/corrective action taken by them on various paragraphs/appraisals contained in the Audit Reports (Commercial) of the CAG as laid on the table of both the Houses of Parliament. Such notes were required to be submitted even in respect of paragraphs/appraisals which.........

The details are discussed in the succeeding paragraphs. Scope of Audit The audit of AAI is conducted under Section 19 (2) of the CAG’s (Duties, Powers and Conditions of Service) Act 1971. The Audit covered procurement, installation and 1 Civil enclaves are airports under the control of.........

The above four issues were brought out earlier also in CAG’s Report No. 15 (para 4.6) of 2008. Effective internal controls were yet to be implemented in all operational offices of the Company with periodical monitoring at highest level to reduce delays in settlement of claims at different.........

of accounts including Profit and Loss Account and Balance Sheet in such form as may be prescribed by the Central Government in consultation with the CAG. The Management of the PSU was stressed upon in a series of meetings to adopt the format of Balance Sheet and Profit and Loss Account as given.........

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.........

[Para 1.4.1] CAG's oversight role Out of 466 CPSEs including six statutory corporations, annual accounts for the year 2010-2011 were received from 367 CPSEs including five statutory corporations and 104 deemed government companies. Of these, accounts of 274 CPSEs including five statutory.........

As per the above provisions, 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 and the CAG gives his comments or supplements the report of the Statutory Auditors. The.........

in government companies and 10 corporations 1.4 Loss making CPSEs 16 1.5 Operating efficiency of government companies 19 chapter 2 Oversight role of CAG 2.1 Audit of Public Sector Enterprises 23 2.2 Appointment of statutory auditors of Public Sector 23 Enterprises by CAG 2.3 Arrears of accounts.........

There were 23 Audit Paras, involving 37 CPSEs violating the DPE guidelines, printed in the earlier Audit Reports of the CAG for the years 2005-06 to 2009-10. These are summed up in the table below: 79 Report No. 2 of 2011-12 SI. No. Subject Area Number o in crore) No. of (in cases in crore).........

with segregation of salary and non-in their Finance salary portions Accounts 37 Report of the CAG on Union Government Accounts 2010-11 2.1.2 Unascertainable unspent balances in the accounts of Implementing Agencies (IAs) In recent years, there has been a paradigm shift in the Central.........

Revised estimates of GDP have been adopted for purpose of comparability with previous years’ reports. 1 Report of the CAG on Union Government Accounts 2010-11 food, fuel, metal and mineral prices) and lower industrial growth (electricity, gas, manufacturing, mining, and water supply)..........

the interest on refunds of excess tax as reduction in revenue and this incorrect practice has been commented upon in the last two years’ CAG’s Report on Union Accounts as well as in CAG’s Report on Direct Taxes for the year 2008 and in earlier years also, but no corrective action.........

129 Report of the CAG on Union Government Accounts 2010-11 Table 5.1:Year-wise budget & expenditure (fin crore) Year Budget Provision Disbursement Savings Revenue Capital Revenue Capital Revenue Capital 2008-09 101598.22 8029.00 91701.55 7029.00 9896.67 1000.00 2009-10 111660.19 8825.00.........

Sector of Activity Number of Demands for Grants/Appropriations Civil 98 Defence Services 6 Postal Services 1 Railways 16 Total 121 77 Report of the CAG on Union Government Accounts 2010-11 3.3 The Report contains audit observations on the Appropriation Accounts (Civil, Postal and Defence.........

Report of the CAG on Union Government Accounts 2010-11 Glossary 14 days auction : A scrip of 14 days duration introduced from June 1997. Auction for Treasury Bill.........

6.2* Loss due to damage to imported equipment 62. Report No. 6 of Standalone Supply Chain Management of 2010-11 Report*** Rations in Indian Army (Performance Audit) 63. Report No. 14 of Standalone Canteen Stores Department 2010-11 Report*** (Performance Audit) 64. Report No. 35 of.........

of transmission system construction projects undertaken by the Corporation during the 9th Plan' was conducted and the findings included in the CAG’s Audit Report appended with the Annual Report of the Corporation for the year 2003-04. The significant audit findings were: Deficient.........

Limited Cases involving extra/wasteful expenditure and failure to realise revenue by Air India Limited (Company) were highlighted earlier through the CAG's Reports2 for appropriate remedial action. In brief, these cases covered issues on internal controls to check expenditure and increase the.........

by Audit) indicating remedial/corrective action taken by them on various paragraphs/appraisals contained in the Audit Reports (Commercial) of the CAG as laid on the table of both the Houses of Parliament. Such notes were required to be submitted even in respect of paragraphs/appraisals which.........

Existence of the above cases indicated that recommendation of the CAG in Report No. FA 15 of 2008 relating to appointment of surveyors and timely submission of reports by them to ensure adherence to the requirement of IRDA (Protection of Policyholders' Interests) Regulations, 2002 had not been.........

Exploratory performance of the Company in this block, amongst others, was reviewed in audit and audit findings were included in the CAG's Report No.PA 9 of 2008, Union Government (Commercial). Audit had observed, inter-alia, that the Company had not completed the acquisition, processing and.........

Ministry of Minority Affairs (May 2012) for NMDFC has accepted CAG’s suggestion for a reliable mechanism for identification of DPL status but feels creating such a database would amount to carrying out a mini survey which does not come under its purview. In conclusion, audit opines that.........

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,.........