comptroller and auditor general of india

The CAG guidelines for a new government accounting system aimed at improving transparency and fixing the accountability of departments for managing state-owned assets will be unveiled on Tuesday. In line with the recommendations of the 12th and 13th Finance Commissions and the second Administrative Reforms Commission, the operational guidelines suggest shifting from the present cash-based accounting system to an accrual basis of accounting. Full Article

Government auditor the Comptroller and Auditor General of India has written to the Cabinet Secretary to ensure that no records from the office of the Commonwealth Games organising committee are removed till the audit is complete. The CAG, sources sai Full Article

The Delhi income tax (I-T) department is facing criticism for its administrative inefficiency by failing to produce 95.4 per cent of records asked by the Comptroller and Auditor General of India (CAG) for its performance audit for financial year 2009-10. This is the highest failure rate of I-T department in providing records to the CAG. Delhi is followed by Punjab (53.4 per cent), Orissa (50.9 per cent), Uttarakhand (47.7 per cent), Maharashtra (46.3 per cent) and Gujar.. Full Article

Use of funds allocated under the UPA government's flagship programme Mahatma Gandhi National Rural Employment Guarantee Act could end up being audited by local chartered accountants. This is part of an endeavour by The Institute of Chartered Accountants of India (ICAI) that is interacting with the Comptroller and Auditor General (C&AG) of India to promote end use audit in government schemes. Full Article

The government is likely to ask all departmental enterprises and agencies, such as the National Highways Authority of India (NHAI), to dispense with the system of tender-based appointment of internal auditors. Instead, the Comptroller and Auditor General of India (CAG) and the Institute of Chartered Accountants of India (ICAI) will jointly finalise a panel of eligible audit firms for different categories of projects and entities, based on the project size, number of loca.. Full Article

The Comptroller and Auditor General of India has asked the state government to take speedy and effective action for realising Rs 10,221 crore of unrealised revenue from various departments. The report of the Comptroller and Auditor General of India (revenue receipts) for the year that ended 31 March 2009, which was tabled in the assembly on Thursday, Full Article

The Comptroller and Auditor General of India (CAG) has highlighted glaring lapses in the recovery of service tax being administered by the Union Government, while the number of cases and amount entailed in demands for service tax outstanding for adjudication/recovery keep escalating. Full Article

The country’s leading mobile operators, including Bharti Airtel, Vodafone Essar, BSNL and Tatas, have questioned the government’s move to direct the Comptroller and Auditor General of India (CAG) to audit their books. The CAG is a constitutional body that conducts independent audits of all government accounts. Full Article