CAG news

Check CAG Provisional empanelment status

The Professional Development Committee of the ICAI would like to inform that Office of the C&AG is hosting the Provisional Empanelment of the CA firms for the year 2021-2022 along with the provisional points / scores. The draft Panel will be available on the website of the C&AG at www.care.cag.gov.in from 18.05.2021 to 27.05.2021....

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Posted Under: CA, CS, CMA |

Summary of CAG Audit Report on Assessment of Co-op Societies & Banks

Performance Audit Report No. 16 of The Comptroller & Auditor General of India on ‘Assessment of Co-operative Societies and Co-operative Banks’ was laid on the floor of the Parliament here today. The PA was carried out from March 2019 to September 2019 and findings were discussed with the Central Board of Direct Taxes (CBDT) in July 20...

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Posted Under: CA, CS, CMA |

CAG report on Compliance Audit (Department of Revenue- Customs)

The Compliance Audit Report No. 17 of 2020 of the Comptroller and Auditor General of India on Department of Revenue - Customs and Director General of Foreign Trade under Ministry of Commerce and Industry, for the year ended 31 March 2019 was presented in Parliament here today....

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Posted Under: CA, CS, CMA |

CAG reports deficiencies in GST Refund, Returns & E-Way Bill module

Absence of adequate controls, risk of claiming refund on unverified ITC and deficiencies in integration of GST Portal with the Indian Customs EDI Systems (ICES) application for IGST refund on export of goods resulted in following deficiencies in Refund module:...

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Posted Under: CA, CS, CMA |

CAG finds 192 cr of unauthorised payment of idle salary etc in J&K

Part-I comprising of Chapters-1 and 2, covers audit findings of eight Government departments and contains nine paragraphs involving Rs. 192.47 crore relating to Management of Bank accounts, unfruitful expenditure, unauthorised payment of idle salary etc....

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Posted Under: CA, CS, CMA |

CAG extends last date for online empanelment application

Extension of the Last Date for submission of application for Empanelment of Chartered Accountants firms/LLPs with O/o C&AG for the year 2021-22...

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Posted Under: CA, CS, CMA |

CAG may soon appoint 10811 Accountants and Auditors

CAG has issued two draft notifications by which it has proposed to appoint 10,811 new auditors.  It has invited comments on the proposed Recruitment Rules to the post of Auditor/ Accountant, Level 5 in pay matrix. Proposed draft rule proposed appointment of  6409 Auditors vide Draft Indian Audit and Accounts Department (Auditor) Recruit...

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Posted Under: CA, CS, CMA |

CAG Empanelment of CA firms/LLPs for year 2021-22

Online Applications are invited from CA firms/LLPs on the website www.cag.gov.in from 1 January 2021 to 15 February 2021 for CAG empanelment for the purpose of appointment as auditors of Government Companies/Corporations for the year 2021-22. Empanelment of Chartered Accountant firms/LLPs with the O/o C&AG of India for the year 2021-2...

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Posted Under: CA, CS, CMA |

Summary of Performance Audit on MEIS and SEIS

This report contains significant results of the performance audit on Merchandise Exports from India Scheme (MEIS) and Service Exports from India Scheme (SEIS), which was conducted to seek an assurance on the success of facilitation measures introduced for simplifying the process of issuance of scrips and to examine effective linkage of ru...

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Posted Under: CA, CS, CMA |

Summary of Performance Audit on Income tax Search & Seizure Assessments

Report No.14 of 2020 – Performance Audit on Search and Seizure Assessments in Income Tax Department, Union Government, Department of Revenue – Direct Taxes Search and Seizure is a very powerful tool available to Income Tax Department to unearth any concealed income or valuables and to check the tendencies of tax evasion thereb...

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Posted Under: CA, CS, CMA |

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