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Majority of deptts, PSUs in J&K taking audit observations non-seriously: CAG

Asks for framing committees to monitor progress
Mohinder Verma
JAMMU, Mar 31: In a major embarrassment for J&K Government, the Comptroller and Auditor General of India has pointed out that majority of the departments and Public Sector Undertakings (PSUs) are not taking audit observations seriously even after explicit directives from the Finance Department. Moreover, no action has been taken on deficiencies pointed out in the implementation of programmes and schemes during the last few years.
In its latest report, the Comptroller and Auditor General (CAG) said, “in the last few years, audit has reported on several significant deficiencies in implementation of various programmes/ activities as well as on the quality of internal controls in selected departments which have a negative impact on the success of programmes and functioning of the departments”. ....

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Strengthening The Internal Audit

Strengthening The Internal Audit
Feroz Ahmed Mir, Shafat Yehya
Social responsibility has been an accepted convention in India for ages although most often its manifestation was to be found in philanthropy and community welfare initiatives. Nowadays public expenditure has increased and how the money is spent and the quality of services it provides is an important issue to users of public service and simultaneously tax payers including management. The Audit Institutions play an important role in enhancing good governance for public assets, to foster integrity, transparency, accountability within the public entities. The Internal Audit function is a key component of Public Financial Management.Directorate of Audit and Inspections has been conducting internal audit Of Government Departments of Jammu and Kashmir since 1996. ....

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