Indian Audit amp Accounts Service IAAS KR Sriram Principal Accountant General Economic amp Revenue Sector Audit Andhra Pradesh Comptroller amp Auditor General of India Constitutional Provisions ID: 532485
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Comptroller & Auditor General of IndiaIndian Audit & Accounts Service (IAAS)
KR SriramPrincipal Accountant General(Economic & Revenue Sector Audit)Andhra PradeshSlide2
Comptroller & Auditor General of India - Constitutional ProvisionsArticle 148Appointment of
CAG; removal (similar to Supreme Court Justice); not eligible for further officeConditions of service of staff of Indian Audit and Accounts Department (IA&AD) prescribed after consultation with CAGCAG office expenditure “charged” on Consolidated Fund of IndiaSlide3
Constitutional Provisions (Contd.)Articles 149 & 150Duties and powers in relation to accounts prescribed by law made by Parliament; form
of accounts of Union and States prescribed by President on advice of CAGArticle 151CAG’s Reports on Union submitted to President for laying in Parliament; Reports on State submitted to Governor for laying in State LegislatureCAG’s (Duties, Powers and Conditions of Service) Act, 1971Slide4
Audit JurisdictionUnion & State GovernmentsBodies or Authorities substantially financed by GovernmentGovernment Companies“Entrusted” AuditsAudit of Urban Local Bodies (ULBs) and Panchayati Raj Institutions (PRIs) – Technical Guidance & SupervisionSlide5
Audit of Union GovernmentDirector General/ Principal Director of AuditMinistries and DepartmentsCentral ReceiptsDefence
Indian RailwaysPosts and TelecommunicationsOverseas EstablishmentsCentral Government PSUsSlide6
Audit of State GovernmentPrincipal Accountant General/ Accountant GeneralGeneral & Social Sector AuditEconomic & Revenue Sector Audit
Restructuring of offices in April 2012Slide7
Accounting & Entitlement Functions for State GovernmentPrincipal Accountant General/ Accountant General (Accounts & Entitlements)Compilation of monthly and annual accountsMaintenance of Provident Fund accounts
Authorisation of Pension & GratuityHouse Building & Other Advances/ Payslips of selected categories of officialsSlide8
Hierarchy of OrganisationHeadquarters OfficeCAG; Deputy CAGs; Addl. Deputy CAGs
Field OfficesPrincipal Accountant General/ Accountant General or Director General/ Principal DirectorSenior Deputy AG/ Deputy AG or Director/ Deputy DirectorAssistant Accountant GeneralSupervisory OfficialsSr.
Audit/ Audit or Accounts Officers
Asst.
Audit or Accounts OfficersSlide9
Audit ApproachRegulations on Audit & AccountsAuditing StandardsTypes of AuditFinancial Audit
Correctness of financial statementsCompliance AuditCompliance with laws, rules & regulationsFinancial proprietyPerformance AuditProgrammes/ schemes/ organisation/ activitiesEconomy of costs; efficiency of operations; and effectiveness (achievement of intended objective)Slide10
Audit ProceduresPrior intimation to office about proposed auditEntry Conference (for performance audits)
Field audit workDraft audit findings/ report for obtaining Departmental responsesExit ConferenceAudit ReportFollow-upExamination by Public Accounts Committee/ Committee on Public Undertakings
Action Taken ReportsSlide11
Recent Innovations in AuditPerformance AuditsRenewed focus/ resources applied to performance audits (reduced emphasis on compliance audits)
Guidelines & methodologies revised in line with international best practicesCompliance audits being revampedThematic auditsDepartment-centric auditsDistrict-centric auditsSlide12
Recent Innovations in AuditAudit TechniquesGoing beyond examination of files & documents to coverPhysical
inspection of sites/ worksSurvey of beneficiariesSlide13
Further InformationWebsite of CAG of Indiawww.cag.gov.in or www.saiindia.gov.in Slide14
Questions?