Latest Expert Exchange Queries
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) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: ARTICLES ON INPUT TAX CREDIT IN VAT :: empanelment :: VAT RATES :: list of goods taxed at 4% :: due date for vat payment :: TDS :: ACCOUNTING STANDARDS :: cpt :: Central Excise rule to resale the machines to a new company :: VAT Audit :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: articles on VAT and GST in India :: form 3cd :: ACCOUNTING STANDARD :: TAX RATES - GOODS TAXABLE @ 4%
 
 
News Headlines »
 No move to tax farm income, clarifies Arun Jaitley
 New board for indirect taxes to become operational from June 1
  9 changes that came into effect from April 1
 First time filing income tax? Here's all you need to know about Form 16 and Form 26AS
 New Opening Financial Controller Chartered Accountant (Manufacturing Plant) A Leading Company
 Income Tax Filing 2017: All you want to know about the single page ITR form SAHAJ
 How to benefit from investments in tax saving mutual funds
 60 per cent of income tax notices on fishy cash deposits returned
 All about income tax return form Sahaj
 Why seeing Form 26AS is a must before filing tax return and how to access it
 No tax on notice period pay cut

CAG to highlight corruption, fraud cases
February, 24th 2007

The Comptroller and Auditor General of India (CAG) will highlight corruption and fraud cases in its audit reports by putting them in bold letters so as to attract greater attention of decision makers.

The issues having "sting and smell" of corruption and fraud would be highlighted in CAG reports to help government departments and secretaries focus on those areas, CAG V N Kaul said at an interactive session with Forum of Financial Writers here.

CAG, which examines about 15 million vouchers and audits 64,000 inspection reports every year, will present 110 reports for 2005-06 to the President for tabling in Parliament, Kaul said. The CAG submitted 91 reports for 2004-05.

Brushing aside the general impression that government did not take any action on CAG reports, Kaul said, once the reports are tabled in Parliament they are discussed by Parliamentary committees leading to departmental action.

Out of Rs 34,003 crore non-recovery pointed by CAG in local inspection reports prepared in 2005-06, the government accepted audit findings for Rs 7,996 crore and recovered Rs 1,227 crore.

However, he admitted that there was a need to improve the action taken mechanism as "CAG is still awaiting action taken notes on over 5,000 cases from Centre and in about 11,000 cases from the states."

Referring to Finance Ministry's decision to shift from cash method of accounting to accrual system, he said it could take up to 12 years.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Integrated Software Solutions Integrated Software Development Integrated Software Services Integrated Software Solutions India Integrated Softw

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