Scope of Audit

Annual audit plan as approved by CAG’s office is implemented in the field offices.

The office conducts three types of audit viz., Compliance Audit, Performance/Theme Audit & Financial Attest Audit.

Compliance Audit: Compliance audit is an assessment as to whether the provisions of the applicable laws, rules and regulations made there under and various orders and instructions issued by the competent authority are being complied with.

Performance Audit: Performance audit is an independent assessment or examination of te extent to which an organization, programme or scheme operates economically, efficiently and effectively.

Financial Attest Audit: Financial attest audit is primarily concerned with expression of audit opinion on a set of financial statements. Financial attest audits are designed to reduce the possibility of a material misstatement in a financial statement and, therefore, assure credibility to such statements.

 

Back to Top