Audit Reports

17 1.23 Report overview 17 1.24 Remedial action taken on the Compliance Audit Report 17 1.25 Performance Audit Reports 17 1.26 Response to CAG's audit, revenue impact/follow-up of Audit 18 Reports Contents Pages Chapter II : Central Excise Duty on Iron and Steel Products and 19-29.........

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.........

Report No. 20 of 2015 CHAPTER-1 INTRODUCTION 1.1 About this Report This Report of the Comptroller and Auditor General (C&AG) of India relates to matters arising from Performance Audit of selected programmes and activities and Compliance Audit of the financial transactions of.........

and the process of consultation 15 1.21 Report overview 15 1.22 Public Accounts Committee (PAC) 15 1.23 Performance Audit Report 16 1.24 Response to CAG's audit, revenue Impact/follow-up of Audit 16 Reports Chapter II : Service Tax liability in Insurance sector 17-37 2.1 Introduction 17 2.2 Audit.........

Parliament passed the Comptroller and Auditor General's DPC Act (CAG's DPC Act) in 1971. Section 16 of the CAG's DPC Act authorises C&AG to audit all receipts (both revenue and capital) of the Government of India and of Governments of each State and of each Union Territory having a legislative.........

company. 1.1.1 Mandate Audit of government companies and deemed government companies is conducted by the 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.........

Only nine companies out of 67 companies earned profit of ?1,399 crore during 2013-14. [Para 1.4.1 ] II. CAG's oversight role Out of 544 CPSEs, annual accounts for the year 2013-14 were received from 467 CPSEs in time (i.e. by 30 September 2014). Of these, accounts of 297 CPSEs were reviewed in.........

Para 4.2.13 of DPE guidelines stipulates that the Audit committee should review the follow up action on the audit observations of CAG audit. In the following companies, Audit committees have not reviewed the audit Paras/reviews printed in last years' CAG Audit report: SI. No. Name of the.........

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.........

in government companies 9 and corporations 1.4 Loss-making CPSEs 13 1.5 Operating efficiency of government companies 14 Chapter 2 Oversight role of CAG 2.1 Audit of Public Sector Enterprises 17 2.2. Appointment of statutory auditors of Public Sector 17 Enterprises by CAG 2.3 Arrears of accounts.........

There were seven and four Audit Paragraphs, included in the CAG's Audit Report No.13 of the year 2013 & 2014 respectively wherein DPE guidelines were violated. These are summed up in the following table: 69 Report No. 2 of 2015 SI. Subject Area Number of ( in crore) No. of ( in crore) No..........

has been classifying interest on refunds of excess tax as reduction in revenue and this incorrect practice has been commented upon successively in CAG’s Audit Report on Union Accounts as well as in CAG’s Report on Direct Taxes, but no corrective action has been taken by the department. This.........

Above data is for civil ministries, i.e. excluding Department of Posts, Defence Services and Railways. 169 Report of the CAG on Union Government Accounts 2011-12 Over the five years 2007-08 to 2011-12 Grants-in-aid have grown by 85.5 per cent, at a higher rate compared with the growth of total.........

Above data is for civil ministries, i.e. excluding Department of Posts, Defence Services and Railways. 169 Report of the CAG on Union Government Accounts 2011-12 Over the five years 2007-08 to 2011-12 Grants-in-aid have grown by 85.5 per cent, at a higher rate compared with the growth of total.........

It would be pertinent to mention that 41 Report of the CAG on Union Government Accounts 2011-12 most of the States were appending all the above statements to their accounts except the statements relating to (a) committed liabilities in the future and (b) implications of major policy decisions.........

Revised estimates of GDP have been adopted for purpose of comparability with previous years’ reports. 1 Report of the CAG on Union Government Accounts 2011-12 Table 1.1 summarises the position of the Union Government's receipts, disbursements and borrowings for the year 2011-12. Table 1.1:.........

However, the actual expenditure was ?2582.81 crore, an excess expenditure of ?130.26 crore than the available provision. 141 Report of the CAG on Union Government Accounts 2011-12 iv) Under the sub-major head 02-Navy, 204-Naval Fleet, against the original provision of ?7320.02 crore, an.........

75 Report of the CAG on Union Government Accounts 2011-12 Table 3.1: Provision and disbursement during 2011-12 (fin crore) Total Savings (-) Percentage of Departments Disbursements Savings/Excess as Provision Excess (+) compared to Total Provision Civil 4935557 4762240 (-) 173317 4 Posts 14292.........

Report of the CAG on Union Government Accounts 2011-12 Glossary 14 days auction A scrip of 14 days duration introduced from June 1997. Auction for Treasury Bill.........

For substantial amounts of plan grants-in-aid expenditure to societies, NGOs, Trusts, the audit remit of the CAG is neither unfettered nor unrestricted. Amendments suggested to the CAG’s XV (DPC) Act, 1971 to bring in transparency and accountability are under consideration of the.........

Changing nature of plan grants-in-aid expenditure 172 6.3.1 Unascertainable unspent balances in the accounts of Implementing 173 Agencies (IAs) 6.3.2 CAG's audit arrangements in case of Grants-in-aid expenditure 174 6.3.3 Plan Expenditure data: Issues of Integrity and availability 177 6.4 Grants.........

We Punjab National Bank 13 selected a few banks for further analysis. State Bank of India 11 UCO Bank 8 44 Paragraph 1.10.3 of Report of the CAG on Union Government (Direct Taxes) No. PA 25 of 2009 45 Under sections 10A, 10B, 80HHC and 80HHE 21 Report No. 20 of2009-10 (Performance Audit) 4.4.........

In the absence of data, we could not ascertain the reasons for the skew displayed in disposal across the zones. 8Source: Report of the CAG on Union Government (Direct Taxes) No. 13 of 2005 9 Central Action Plan 2008-09. In the 25th Annual Conference of Chief Commissioners & Directors General.........

1 Under section 264 of the Act 2 Incorporated in Chapter XIX-A of the Income-tax Act 3 Report of the CAG on Union Government (Direct Taxes) No. 12A of 2001 4 AAR (Procedure) Rules, 1996 provide detailed procedure for obtaining advance rulings. 5 Inserted by the Finance (No. 2) Act, 2009, w.e.f. 1.........

Guarantee Scheme BCs Business Correspondents BNRGSK Bharat Nirman Rajiv Gandhi Sewa Kendra BPL Below Poverty Line BSNL Bharat Sanchar Nigam Limited CAG Comptroller and Auditor General CC Cement Concrete CCT Continuous Counter Trench CD Cross Drainage CSP Customer Service Providers CUG Closed.........

implementation of MGNREGA in Andhra Pradesh was earlier reviewed for the period February 2006 to March 2007and reported through paragraph 2.1 of the CAG’s Audit Report (Local Bodies) for the year ended 31 March 2007. While the earlier audit confined to scrutiny of records of the implementing.........

These accounts are also subject to supplementary audit conducted by CAG as per the provisions of Section 619 of the Companies Act, 1956. 1.2.3 Audit of Statutory corporations is governed by their respective legislations. Out of three Statutory Corporations, CAG is the sole auditor for.........

and commented upon numerous instances of undue favours granted to private parties by APIIC and GoAP in several recent Audit Reports, notably in the CAG’s Audit Reports (Commercial) for 2006-07, 2009-10 and 2010-11 and the Audit Report (Civil) on Land Allotments for 2011-12. A brief of the main.........

3. Audit of accounts of Government Companies is conducted by the CAG under the provision of Section 619 of the Companies Act, 1956. 4. In respect of Andhra Pradesh State Road Transport Corporation which is a statutory corporation, CAG is the sole auditor. As per ‘The State Financial.........

No. 4, 7, 8 and 20 of Part A are 619-B Companies. 2. # Impact of accounts comments include the net impact of comments of Statutory Auditors and CAG and is denoted by (+) in case of increase in profit/ decrease in losses and (-) in case of decrease in profit/ increase in losses. 3. @ Capital.........

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 conducted by CAG, as per the provisions of Section 619 of the.........

6-7 Arrears in finalization of Annual Accounts 1.6 7-8 Performance of PSUs 1.7 8-10 Internal Audit and Internal Control System 1.8 10 Comments of the CAG of India and Statutory Auditors on 1.9 10-12 Accounts of PSUs Placement of SARs 1.10 12 Follow up action on Audit Reports (Commercial) 1.11.........

Andhra Pradesh State Financial Corporation BG Bank Guarantee BoD Board of Directors BPRF Business Plan and Resource Forecast CA Concession Agreement CAG Comptroller & Auditor General of India CART Credit Appraisal and Rating Tool CCLA Chief Commissioner of Land Administration CE Chief Engineer.........

However, assent of the President of India is awaited as of December 2012. As regards rationalisation of stamp duty, the State Government issued orders in July 2010, reducing die existing rates of stamp duty from 7 per cent to 5 per cent effective from 1 August 2010. 8 1. Rehabilitation and.........

2. This year onwards, Audit Reports covering sector-wise State Government departments are being prepared separately by the CAG for submission to the Governor as per the provisions of the Constitution of India. 3. This Audit Report on the Government of Andhra Pradesh, covering the.........

In compliance to the audit findings that featured in CAG’s Audit Report 2002-03, DGFS had been submitting proposals every year in the budgets during 2007-08 to 2011-12 for construction of permanent buildings for fire stations, static water tanks, bore wells and purchase of fire tenders,.........

Release Order BRTS Bus Rapid Transportation System BSUP Basic Services to the Urban Poor BT Roads Black Topped Roads CAA Constitutional Amendment Act CAG Comptroller & Auditor General of India CAH College Attached Hostel CC Roads Cement Concrete Roads CCO Chief Controlling Officer CDP City.........

Report of the Comptroller and Auditor General of India on General & Social Sector for the year ended March 2012 Government of Andhra Pradesh Report No. 4 of 2013 www.cag.gov.in Table of Contents.........