Latest Expert Exchange Queries

GST Demo Service software link:
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Popular Search: TDS :: cpt :: Central Excise rule to resale the machines to a new company :: articles on VAT and GST in India :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARDS :: list of goods taxed at 4% :: ACCOUNTING STANDARD :: due date for vat payment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: empanelment :: form 3cd :: VAT RATES :: TAX RATES - GOODS TAXABLE @ 4% :: VAT Audit
« Auditing »
 Auditing to be less of a burden as accountants embrace AI
 CAG's report on GST will be totally paperless
 Time Limit For Completion Of Assessment From The Date Of Special Auditor’s Report Under Income Tax Act, 1961
 Provisioning pertaining to Fraud Accounts
 Tax Audit Report (TAR) Certain exceptions and increased limits according to number of partners and considering nature of activity are desirable
 Cost Auditing Standards [ Cost Audit Documentation (102)] – Part-II
 Conference on Companies Act gets under way
 New bureau to dissolve state-run banks' power to choose auditors
 Foreign Exchange Management (Permissible Capital Account Transactions) (Fourth Amendment) Regulations, 2015
 ICAI forms 'prima facie' view on NSEL auditor
 Firms appoint new auditors in shift to meet new standards

Indian auditing schemes makes world attention
November, 03rd 2010

If Brazil has its Bolsa Familia, and Mexico its Progresa schemes for alleviating poverty that have caught the fancy of international organisations something that India has done recently is making news internationally. Indias system of social audits, that is, independent but local auditing of social programmes to fight poverty, like the Mahatma Gandhi National Rural Employment Guarantee Act (MNREGA), is attracting world attention.

A 42-member delegation from 33 countries was in Rajasthan recently to study the unique way of auditing schemes through direct participation of people. The delegates represented countries as diverse as Ukraine, Saudi Arabia, Costa Rica and the Phillippines. This programme is part of the international audit training conducted by the CAGs International Training Institute.

Social audits like the hugely successful model in Andhra Pradesh, which has set up an independent and autonomous Society for Social Audit, Accountability and Transparency (SSAAT) to help ensure proper working of the MNREGA, have excited people in various countries, especially Africa.

The problems of inherent corruption trouble countries in the third world. We have trained hundreds of auditors abroad. For example, in Changamwe, in a slum in Kenya, we organised hearings to audit the constituency development fund. The local MP did not come, but as the hearing progressed, he was called by some participant, who realising the buzz it was creating amongst the constituents, ensured that he rushed there, says Sowmya Kidambi, who heads the SSAAT and has just returned to Africa. Kidambi was also invited to work in Bangladesh, which has recently introduced its version of the Right to Employment Act and is keen to get local but independent auditors trained for it.

Vivek Ramkumar of the International Budget Project (IBP) based in Washington DC, which works to strengthen citizen-based independent oversight mechanisms around the world, says the social audit scheme has been getting a lot of global attention. He even cites US President Barack Obama, who in his address to the UN last month specifically mentioned India, Kenya, and Brazil as countries that have enabled local communities to track service delivery.

At the UNDP recently, Amita Sharma, Joint Secretary, Ministry of Rural Development, in a paper claimed that MNREGAs mandated use of social audits by the village assembly (gram sabha) goes beyond the right to information and serves to ensure accountability and corrective measures. Partnerships between government and civil society, the training of local resource persons, social mobilisations around the social audit forum and gram sabhas and the use of community-based organisations are just some ways in which social audits are sought to be made more effective.

However, despite the accolades, a piquant situation has arisen as regards social auditing. Aruna Roy, who heads the working group on transparency and accountability of MNREGA in the Central Employment Guarantee Council, says that despite the Andhra Pradesh model having been so successful and having uncovered irregularities of up to Rs 88 crore, with the work of over 4,500 officials found to be irregular, there is an attempt to not allow independent monitoring of the programme here.

In a controversial move, the Centre, by amending Section 13(b) of MNREGA in December 2008, ended up making social audits illegal. As a result, despite repeated promises that all states will be mandatorily asked to independently get the schemes audited, the gram sabha alone acts as the implementor of the programme and audits itself something that is not just against the principle of auditing but goes against the spirit of the MNREGA.

While the issue was discussed at the recent meeting of the Central Employment Guarantee Council, there seems to have been no assurance that it will be amended soon. Hyderabad-based activist Satyababu Bose says: Unless these social programmes have auditing, which is local but independent embedded in them, corrupt practices will take seed and end up sabotaging the programme.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Work Flow Workflow Software Software Automation Workflow automation Software Design Workflow Design Business Work Flow Workflow automation tools

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions