financial audit

The World Bank defines accountability as “the obligation of power-holders (those who hold political, financial or other forms of power) to take responsibility and answer for their actions”. It defines social accountability as “the broad range of actions and mechanisms (beyond voting) that citizens and their organisations can use to hold societal power-holders (such as the state) to account, as well as actions on the part of government, civil society, media and othe.. Full Article

With airlines deep in red and reports of dues to employees and vendors becoming common, the government may soon subject them to a detailed financial audit. Aviation minister Praful Patel on Thursday told Parliament that the DGCA had recommended such an exercise for airlines "in deep financial distress". Full Article