Audit Reports

Act, 2013 provides that the Statutory A uditors in case of a Go vernment Company or Government controlled other c ompany are to be appointed by the CAG within a period of one hundred and eighty days from the commenceme nt of the financial year. Section 139 (7) of the Companies Act, 2013 provides.........

Timeliness in preparation of accounts by Power Sector Undertakings 1.7 .1 There w ere 15 power sector undertakings 20 under the audit pu rview of CAG as of 31 December 2019. Accounts for the year 2018 -19 were submitted by 11 PSUs by 31 Dece mber 2019 . Details of arrear s in submission of.........

The accounts certified by the Statutory Auditors (Chartered Accountants) appointed by the CAG under the provisions of the Companies Act , 2013 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 additio.........

to all the administrative departments to submit replies/explanatory notes to paragraphs/performance audits included in the Audit Reports of the CAG of India within a period of two to three months of their presentation t o the State Legislature. The position of explanatory notes not received.........

2012 -13, 2013 -14 and 2014 -15. There were 80 instances of non -compliance with Accou nting Standards in 18 accounts . The CAG had also issued adverse certificate on three accounts namely Uttar Pradesh Rajkiya Nirman Nigam Limited for the financial year 2013 -14, Uttar Pradesh State Bridge.........

2. The Government may provid e for audit by the CAG of India of the District Mineral Foundation Trust fund on the lines of the National Mineral Exploration Trust where the Union Government had effected amendment in the relevant rules in this respect. 5.4 Failure of the State Government to amend.........

Departments) itself, with delays ranging between 193 day s and 809 days in respect of 36 Paragraphs (including Performance Audits) appearing in the CAG’s Revenue Audit Reports for the year ended 31 March 2014 . Moreover, explanatory notes were not received (September 2020) for Audit Report s.........

The details of aggregate money value of the comment s of Statutory Auditors and supplementary audit by the CAG in respect of Statut ory Corporations are as follows: Table 5.18: Impact of audit comments on Statutory Corporations (` `` ` in crore) Sl. No. Particulars 2016-17 2017-18 2018-19.........

4.7 Timeliness in preparation of accounts by Power Sect or Undertakings There were four power sector undertakings under the audit purview of CAG as of 31 March 2019. Accounts for the year 2018-19 were n ot submitted by any of these working PSUs by 30 September 2019 as per the statutory.........

on the Delhi Stock Exchange (DSE), howev er, on the request of the Company (1994) and recommendation of DSE, the Secur ity and Exchange Board of India (SEBI) accorded (September 2002) consent for delist ing the Company. The financial performance of the PSUs on the basis of latest finalised.........

vii PREFACE This Report of the Comptroller and Auditor General of India for the year ended 31 March 2019 has been prepared for submission to the Governor of Himachal Pradesh under article 151 of the Constitution of.........

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 (-) decrease in profit/ increase in losses. 2. Investment represents paid up capital, free reserve s and long term borrowings. 3. Return on.........

Bank AIPIL Agro Industrial Packaging India Limited ATN Action Taken Notes BGs Bank Guarantees BoD Board of Directors BOQ Bill of Quantities CAG Comptroller and Auditor General of India CD Contract Demand / Custom Duty CE Chief Engineer CEA Central Electricity Authority CERC Central.........

Out of these, 3 7 Departments are covered under General, Social and Economic Sectors Audit. 1.4 Authority for audit The CAG’s authority for audit is derived from Articles 149 and 151 of the Constitution of India and CAG's (Duties, Powers and Conditions of Service) Act, 1971 (DPC Act). The CAG.........

Against this, the turnover of Non -Power Sector PSUs recorded a high er CAGR of 17.39 per cent during the same period. This resulted in increase in the share of turnover of these PSUs to the GSDP from 3.41 per cent in 2016 -17 to 4.51 per cent in 2018 -19. The Table 6 .1 provides the details.........

2 CAGR= [{(Value of 2018 -19/Value of 2016 -17)^(1/3 years)} -1]*100. Audit Report on General, Social & Economic Sectors and PSUs f or the year ended 31 March 2019 88 Government’s order dated 19 December 2008 . A ll the assets and liabilities of CSEB (including equity of ` 4,475.90 crore 3.........

Reports in relation to the accounts of a Government Company or Corporation are submitted to the Government by the CAG for laying befor e the Legislature of Chhattisgarh. The audit arrangements of Statutory Corporations are prescribed under the respective Acts through which the Corporations.........

of accounts, the C&AG has been unable to discharge his responsibilities with regard to certification of accounts of these PSUs as required under CAG’s DPC Act, 1971 and the Companies Act. 3 Annual account for the year 2019 -20 has been received on 23 rd October, 2020. State Finances Audit.........

- by 67 per cent in 2018-19 and 36 per cent in 2019-20 in respect of Receipts and 59 per cent in 2018-19 in respect of Expenditure, despite the CAG pointing this out in his Reports in earlier years. 11 Memo. No. 1596/Accts./5y-4, Dt. 31-12-1959 12 except, where personal deposits are created.........

Bills APPFC Andhra Pradesh Power Finance Corporation BE Budget Estimates BRO Budget Release Order CAFA Compensatory Afforestation Fund Act, 2016 CAG Comptroller and Auditor General of India CAMPA Compensatory Afforestation Fund Management and Planning Authority CCO Chief Controlling Officer.........