Shunglu panel suggests changes in CAG, CVC
Listen to this Article
Amidst a debate on controversies surrounding some of the CAG reports, the High Level Committee which went into the Commonwealth Games related projects, has suggested changes in the functioning and structure of top audit and vigilance bodies like the Comptroller and Auditor General making it a three member body.
Besides, it found certain flaws in the working of Controller rpt Controller General of Accounts (CGA), Government of National Capital Territory of Delhi (GNCTD) and stressed for the appointment of an ombudsman under the Ministry of Urban Development to regulate Delhi Development Authority.
In a confidential letter by the Chairman of the High Level Committee V K Shunglu, a former CAG, to Prime Minister Manmohan Singh, several measures were suggested for an effective over-sight mechanism to secure greater accountability and transparency of the government bodies.
The panel has also recommended greater autonomy for the Chief Technical Examination wing of the Central Vigilance Commission.
Holding "monocracy" the cause of inefficiency in its working, the Committee suggested structural changes in CAG through making it a three-member body.
"A three-member body would obtain greater transparency in its operation. One member should possess professional accounting qualifications, Chartered Accountant or its equivalent," it said.
"This should not seem to exclude an Indian Audits and Accounts Service officer from the triumvirate, who has wide exposure to Finance, Audit and Accounts and best international practices in these areas," the letter written by Shunglu said. (Hindustan Times)
Category : CAG | Comments : 0 | Hits : 441
The Comptroller and Auditor General of India (CAG) has written to the finance ministry seeking details about the ongoing performance audit of government's massive recapitalisation excercise of public sector banks (PSBs). CAG is doing performance audit on recapitalisation of PSBs after 2016-17 and it has written a letter to the Department of Financial Services, Ministry of Finance, seeking various information, including rationale for distribution of capital among different PSBs, sources sa...
Former Lieutenant Governor of Jammu and Kashmir, Girish Chandra Murmu will be the new Comptroller and Auditor General of the country. Mr Murmu will succeed Rajiv Mehrishi. An IAS officer of Gujarat cadre, Mr Murmu resigned as Lieutenant Governor of Jammu and Kashmir on Wednesday. #casansaar (Source - NewsOnAir, Tweet)
Selection of Auditors - Policy of Empanelment of CA Firms explained by CA. Bhawna Dawar. Watch this video. https://youtu.be/bFze1O1CbsQ
The Comptroller and Auditor General of India (CAG) has rapped direct tax authorities for irregularities in assessments of personal income and corporation taxes over the years. In a report on direct taxes for 2018-19 tabled in Parliament on Tuesday, the auditor suggested that the government consider the information technology system for direct taxes being placed at arms length from CBDT, with an independent governmental body or organisation. CAG found irregularities in 340 high-value cases ...
The roll-out of GST has unified the multiple central and state taxes on goods and services to a great extent and made credit for input taxes available through the value chain, but hasn’t simplified the tax compliance regime while the experience so far has also been that of slowdown in tax revenue growth, the Comptroller and Auditor General (CAG) said. “The system of payment and settlement of tax that was envisaged for GST was based on one hundred per cent invoice-matching and availme...


Comments