Audit Reports

Chapter 4 Quality of Accounts & Financial Reporting Practices Chapter 4 Quality of Accounts & Financial Reporting Practices A sound internal financial reporting system......

Report In terms of Article 151 (2) of the Constitution of India, the Reports of the Comptroller and Auditor General of India (CAG) relating to the accounts of a State are to be submitted to the Governor of the State, who shall c ause them to be laid before the Legislature of the State. The......

Executive Summary Executive Summary 1 The Report Based on the audited accounts of the Government of Assam for the year ending 31 March 2021, this Report provides an analytical r eview of the finances of the State......

It shall also distinguish expenditure on revenue account from other expenditure. The Annual Financial Statement also called general budget is placed prior to the commencement of the financial year in the State Legislature, in accordance with Article 202 of the Constitution. The estimates of......

Contingency Fund Receipts -- 50.00 -- 100.00 -- 8. Public Account Receipts^ 2,30,915.05 1,75,496.51 1,63,406.39 1,74,896.85 1,49,056.68 9.Total receipts of the State (6+7+8) 2,84,055.17 2,38,129.23 2,38,643.13 2,54,882.07 2,31,901.61 Part B: Expenditure Appendices State Finances Audit......

of State Finances Profile of the State 1.1 1 Basis and Approach to State Finances Audit Report 1.2 4 Report Structure 1.3 5 Overview of Government Account Structure and Budgetary Processes 1.4 5 Fiscal Balance: Achievement of Deficit and total debt targets 1.5 9 Deficits and Total Debt after......

Chapter I of this Report contains the basis and app roach to State Finances Audit Report, Structure of the Report, Structure of Gover nment Accounts, Budgetary processes, Trends in key fiscal parameters like rev enue surplus/ deficit, fiscal surplus/ deficit, etc., and fiscal correction......

CHAPTER-IV Quality of Accounts and Financial Reporting Practices 95 4.1 Introduction Sound internal financial reporting system and compliance with rules and procedures......

Report According to Article 151 (2) of the Constitution of India, the reports of the Comptroller and Auditor General of India (CAG) relating to the accounts of a State are to be submitted to the Governor of the State, who shall cause them to be laid before the Legislature of the State. The State......

of the State Government is depicted below: State Finances Audit Report for the year ended 31 March 2021 66 3.3 Annual Budget 2020-21 Appropriation Accounts are accounts of the expenditure, voted and charged, of the Government for each financial year compared with the amount of voted Grants and......

APPENDICES 123 Appendices APPENDIX 1.1 Part – A Layout of Finance Accounts (Reference: Paragraph-1.5; Page-7) The Finance Accounts (Revised format introduced from 2015-16) have been divided into two Volumes – I......

EXECUTIVE SUMMARY EXECUTIVE SUMMARY vii 1 The Report Based on the audited accounts of the Government of Arunachal Pradesh for the year ending March 2021, this report provides an analytical review of the finances of the......

of State Finances Profile of the State 1.11 Basis and Approach to State Finances Audit Report 1.24 Report Structure 1.34 Overview of Government Account Structure 1.45 Structure of Government Accounts 1.57 Budgetary Processes 1.67 Summarised Position of Finances 1.78 Snapshot of Assets and......

Cess is levied by government for a specific purpose, and the proceeds, are required to be kept in a separate fund, with distinct accounting to ensure that the collection is incurred for the specific purpose. 4.1.1 Short transfer of Cess to Rajasthan State Road Development Fund The GoR......

In terms of Article 151 (2) of the Constitution of India, the reports of the Comptroller and Auditor General of India (CAG) relating to the accounts of a State are to be submitted to the Governor of the State, who shall cause them to be laid before the Legislature of the State.......

Copies of letters communicating the grants are forwarded to the concerned Administrative Departments and to the Accountant General. Finance Department also sends copies of the budget document to the Accountant General. All such information and budgetary data is uploaded on the Integrated......

Finance (Public Debt + Loans to Government Servants) 629.88 447.89 Total 7347.65 3484.40 Source: Appropriation Accounts 2019-20. 2.1.1 Planning and conduct of Audit Audit process starts with risk assessment of variou s departments of Government based on expenditure incurred,......

on the 22 January 2019 for which entrustment of the supplementary audit was given to this office on 24 December 2019 was yet to submit i ts first account as on 30 September 2020. 3.1.2 Investment in SPSEs 3.1.2.1 State Government’s investment in SPSEs The State’s investment in its SPSEs......

Total (A+B) 5312.59 26191863 9109117 17082745 Appendices 125 Appendix 2.2.1 List of Duplicate beneficiaries receiving double pension in same Bank account numb er against different Registration numbers. (Reference: Paragraph 2.2.8.4 (IV)) Sl. No. Pensioner Name Husband/father Name Age/Sex/ DOB......

124 Appendix – 2.2.1 List of Duplicate beneficiaries re ceiving double pension in same Bank account number against different Registration numbers. 125 Appendix – 2.2.2 List of different beneficiaries receiving pension i n same Bank Account numbers 128 Appendix – 2.5.1 Statement showing......

According to the existing arrangements, draft audit findings are sent by the Accountant General (Audit) to the concerned Secretaries of the State Government with a request to furnish replies within six weeks. In respect of fi ve compliance audit paragraphs in this report, no response was......

Percentage of 1 to 3 18.25 20.93 19.59 22.85 25.72 Source: Finance Accounts, Government of Meghalaya. As seen in Table 1.1 above, during the financial year (FY) 2019-20, reve nues raised by the State Government ( ` 2,421.36 crore) was 25.72 per cent of the total revenue receipts, which is......

delays in communicating/forwarding the refund orders to the Treasury/PAO resulti ng in delays in crediting the refund amount to the taxpayers’ account. All the above indicates absence of monitoring mechanism in the Department . (Paragraph 2. 3) (ii) Subject Specific Compliance Audit of......

in assessment, audit an d payment of tax and refunds) Superintendents of Taxes/Enforcement Officers (18) (Levy or collection of taxes, registration, accounts and records, returns, demand and recovery, assessment, inspection, search and seizure, offence s and penalty and transitional provisions)......

PART-A PANCHAYATI RAJ INSTITUTIONS CHAPTER-I An Overview of the Functioning, Accountability Mechanism and Financial Reporting Issues of Panchayati Raj Institutions CHAPTER-I AN OVERVIEW OF THE FUNCTIONING, ACCOUNTABILITY......

13 of MAD funds were diverted to DRDA-Administration scheme during 2015-20 which was not admissible under the scheme and contrary to the provision of Accounting Procedure. Total fund outstanding of ~ 4.09 crore were not recouped as of 31 March 2020. GoR stated (November 2021) that due to......

PART-B URBAN LOCAL BODIES CHAPTER-III An Overview of the Functioning, Accountability Mechanism and Financial Reporting Issues of Urban Local Bodies CHAPTER-III An Overview of the functioning, accountability mechanism......

QUALITY OF ACCOUNTS AND FINANCIAL REPORTING PRACTICES C HAPTER -IV CHAPTER IV: QUALITY OF ACCOUNTS AND FINANCIAL REPORTING PRACTICES A sound internal financial......

Rep ort In terms of Article 151 (2) of the Constitution of India, the Reports of the Comptroller and Auditor General of India (CAG) relating to the accounts of a State are to be submitted to the Governor of the State, who shall c ause them to be laid before the Legislature of the State. The......

on the various activities of Government are met from the Consolidated Fund which is made up of (a) Revenue-consisting of receipts heads (Revenue Account) and expenditure heads (Revenue Account), (b) Capita l, Public Debt, Loans, etc. – consisting of receipt heads (Capital Account) and E......

Contingency Fund Receipts NIL 100.00 100.00 NIL NIL 1.96 8. Public Accounts Receipts 3527.16 4636.76 4187.87 4568.43 3866.03 4799.03 9. Total receipts of the State (6+7+8) 11426.30 14904.95 14803.94 15629.75 14806.89 17953.89 Part B – Expenditure 10. Revenue Expenditure 6347.73 8336.54......

CHAPTER I Overview Profile of the State 1.1 1 Basis and Approach to State Finances Audit Report 1.2 2 Report Structure 1.3 3 Overview of Government Account Structure and Budgetary Processes 1.4 3 Fiscal Balance: Achievement of deficit and total debt targets 1.5 10 Deficits after examination in......

This report is primarily based on an analytical ass essment of the audited accounts of the Government for the year ended 31 March 2021. Th e Report has five Chapters: Chapter I gives the Overview of the finances of the State Government. Chapter II is based on the Finance Accounts and mak es......

Under the Companies Act, 2013, the CAG appoints the Chartered Accountants as Statutory Auditors for companies and gives directions on the manner in which the accounts are to be audited. In addition, CAG has right to conduc t a supplementary audit of the company's financial statements. The......

The State Government accepted and recovered/adjusted (March 2021 and August 2021) an amount of ~0.22 crore from two dealers on account of tax on 14 Chapter-II: Taxes on Sales, Trade, Supplies, etc. Inter-state sale and short-levy of exemption fee after it was pointed out (July 2020 and September......

Reply is not acceptable as there is a clear loss taking into account the purchase and selling price. Company being a commercial enterprise is supposed to 4 Wheat: 1,18,740 quintals; Mustard: 5,671 quintals; Grnm: 5,765 quintals and Barley: 612 quintals. 5 On the basis of production forecast......

Appendix 2.5 Applications not disposed within time (Interest due- 121 paid/not paid) (post-automation) Appendix 2.6 Provisional refund on account of zero rated supply not 125 sanctioned within time (pre-automation) Appendix 2. 7 Provisional refund on account of zero rated supply not......

(Paragraph 2. 7 .6.2) There was delay in sanction of provisional refund on account of zero-rated supply in 57 cases ranging from 1 to 324 days. (Paragraph 2. 7 .6.3) Irregular allowance of refund of~ 7.09 crore was allowed in 24 cases under inverted duty structure. (Paragraph 2.7.6.4)......

sampled cases) of non/short realization of excise duty, license fee, additional amount, interest/penalty on delayed payment, loss of excise duty on account of excess wastage of spirit/liquor/beer and other irregularities involving~ 51.37 crore. These cases are illustrative only, based on audit......