Audit Reports

CHAPTER IV QUALITY OF ACCOUNTS AND FINANCIAL REPORTING PRACTICES State Finances Audit Report for the year ended 31 March 2021 | 83 Chapter IV: Quality of Accounts and......

amounts of receipts and disbursements for the financial year beginning on April 1st and ending on March 31st following, as finally recorded in the Accounting authority’s b ooks (as audited by C&AG). Provisional Accounts refers to the unaudited accoun ts. 2. ‘Administrative approval’ of a......

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......

Summary vii EXECUTIVE SUMMARY The Report This Report provides an analytical review of the fi nances of the State Government based on the audited accounts of the Government of Nagaland for the year ending 31 March 2021. The Report is structured in five Cha pters. Chapter I- Overview of the......

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 acc ounts are to be audited. In addition, CAG has the right to conduct a supplementary audit. The statutes governing some Statutory......

The various components of budget are depicted in the chart below: Source: Appropriation Accounts, 2020-21 The above chart indicates that the Supplementary Gr ant of ₹5,826.79 crore was not required as the gross expenditure was ₹1,577.03 crore more than the Original Provisions. It is......

the 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 de bt targets 1.5 10 Deficits and Total Debt after......

Chapter 4 Quality of Accounts and Financial Reporting Practices 4.1 Introduction A sound internal financial reporting system an d compliance with rules and procedures......

of India 814 946 1990 2030 4563 Total receipts in the Consolidated Fund (4+5) 160936 179176 212928 227817 280174 Contingency Fund receipts Public Account receipts 98781 156918 99704 195579 275595 Total receipts of Government (6+7+8) 259717 336094 312632 423405 555769 Part B.......

kms). The State has a long coastline, spanning 974 kms. In terms of population, the State accounts for 4.10 per cent (4.93 crore) of the total population of the country, as per Census 2011. The per capit a income of the State at current prices ZaV _ 1 70,215 in 2020-21, which was higher than......

Chapter 5 Use of Special Bills by the State Government 5.1 Introduction The Finance Accounts of the Government of Andhra Pradesh present the financial position along with accounts of the receipts and disbursements of the Government......

2020-21 Approval by the Legislature Implementation by the Governmennt Source : Based on the procedure prescribed in Budget Manual and Appropriation Accounts 3.2 Budget Preparation Process The annual exercise of budgeting is a means for detailing the roadmap for efficient use of public resources.......

of Government Companies, Government Controlled Other Companies and Statutory Corporations of Government of Andhra Pradesh as revealed from their accounts/ information furnished by them and results of oversight role of the Comptroller & Auditor General of India (CAG). It highlights some of......

All expenditure relating to Revenue Account, Capital Outlay an d Loans and Advances are categorized into social services, economic services and general services. Broadly, the social and economic services constitute development expenditure, while expenditure on general services is treated as......

± 1 Overview Profile of the State 1.1 1 Basis and approach to State Finances Audit report 1.2 6 Report Structure 1.3 6 Overview of Government Accounts structure 1.4 7 Budgetary Process 1.5 9 Snapshot of Finances of the State 1.6 10 Snapshot of Assets and Liabilities of the Government 1.7......

946 1990 2030 4563 6 Total receipts in the Consolidated Fund (4+5) 160936 179176 212928 227817 280174 7 Contingency Fund receipts 0 0 0 9 0 8 Public Account receipts 98781 156918 99704 195579 275595 9 Total receipts of Government (6+7+8) 259717 336094 312632 423405 555769 Part B.......

re lative to the previous year, overall trends during the five-year period 2016-17 to 2020-21, debt sustainability of the State and key Public Account transactions based on the Finance Accounts of the State. Major changes in key fiscal aggregates during 2020-21 2019-20 This secPion gives a......

kms). The State has a long coastline, spanning 974 kms. In terms of population, the State accounts for 4.10 per cent (4.93 crore) of the total population of the country, as per Census 2011. The per capit a income of the State at current prices was ൟ 1, 70,215 in 2020-21, which was higher than......

Chapter 5 Use of Special Bills by the State Government Introduction The Finance Accounts of the Government of Andhra Pradesh present the financial position along with accounts of the receipts the Government for the year. It is......

of Government Companies, Government Controlled Other Companies and Statutory Corporations of Government of Andhra Pradesh as revealed from their accounts/ information furnished by them and results of oversight role of the Comptroller & Auditor General of India (CAG). It highlights some of......

dated 23 September 2004 Grant means the amount voted by the Legislative Assembly in respect of a demand for grant Capital, Revenue or Loans Financial Accountability and Budget Review Article 205 of the Constitution of India states that the Governor of a State will cause to lay before Phe SPaPe......

All expenditure relating to Revenue Account, Capital Outlay an d Loans and Advances are categorized into social services, economic services and general services. Broadly, the social and economic services constitute development expenditure, while expenditure on general services is treated......

± 1 Overview Profile of the State 1.1 1 Basis and approach to State Finances Audit report 1.2 6 Report Structure 1.3 6 Overview of Government Accounts structure 1.4 7 Budgetary Process 1.5 9 Snapshot of Finances of the State 1.6 10 Snapshot of Assets and Liabilities of the Government 1.7......