Where can I find audit reports?
Where can I find audit reports?
Where can I find audit reports?
In these cases, auditor’s reports can be found in annual reports immediately prior to the financial statements. In other cases, auditor’s reports can be found either as a separate document or attached to the business’s financial statements.
What is CAG audit report?
Reports in relation to the accounts of a Government Company or Corporation are submitted to the Government by the C&AG under the provisions of Section 19-A of the Comptroller and Auditor General of India (Duties, Powers and Conditions of Service) Act, 1971, as amended in 1984.
Which accounts are audited by CAG?
Scope of audits Transactions relating to debt, deposits, remittances, Trading, and manufacturing. Profit and loss accounts and balance sheets kept under the order of the President or Governors. Receipts and stock accounts. CAG also audits the books of accounts of the government companies as per Companies Act.
Which reports are submitted by CAG?
The Audit Reports of the CAG submitted to the Parliament and State Legislatures consist of compliance and performance audit reports covering revenue collection and expenditure of Government, separate audit reports on the functioning of certain autonomous bodies as provided by legislation, reports on the Financial …
How do you present an audit report?
10 Best Practices for Writing a Digestible Audit Report
- Reference Everything.
- Include a Reference Section.
- Use Figures, Visuals, and Text Stylization.
- Note Key Statistics about the Entity Audited.
- Make a “Findings Sandwich.”
- Ensure Every Issue Includes the 5 C’s of Observations.
- Include Detailed Observations.
Who can recommend the removal of CAG?
the President
CAG can be removed from his office by the President on the grounds of proven misbehaviour or incapacity on an address by Parliament in the manner provided in clause (4) of Article 124 of the Indian Constitution.
What is the difference between CAG and CGA?
UPSC May also ask you the difference between CGA and CAG. While CAG is a constitutional body, CGA is not. While CAG is independent constitutional body, CGA works under Ministry of Finance and not a constitutional or statutory body.
Who is the present CAG of India?
Rajiv Mehrishi
The current CAG of India is Rajiv Mehrishi, who assumed office on 25 September 2017. He is the 13th CAG of India.
Which is the performance audit report of CAG of India?
This report of the CAG of India contains significant results of the Performance Audit on “Capital Acquisition in Indian Air Force”. Audit has examined eleven contracts of capital acquisition which were signed between 2012-13 and 2017-18 with a total value of approximately `95,000 crore. The report has been prepared for submission to the
Which is the report of the Auditor General of India?
Report No. 17 of 2020 – Compliance Audit on Union Government (Department of Revenue – Customs) The Report for the year ended March 2019 contains significant results of the compliance audit of the Department of Revenue – Customs under the Ministry of Finance and Director General of Foreign Trade under Ministry of Commerce and Industry….
What are the findings of the audit report?
This Report contains significant audit findings arising from the compliance audit of financial transactions under 64 civil grants relating to 37 Civil Ministries/Departments of the Union Government including Union Territories without Legislatures…