The document discusses the role of the Comptroller and Auditor General (CAG) of India and former CAG Vinod Rai. It provides background on the CAG, describing its responsibilities to audit government spending and report to Parliament. It then discusses Vinod Rai's tenure as CAG from 2008 to 2013, during which he exposed several major corruption scams through CAG reports, including the 2G spectrum scam, coal allocation scam, and Commonwealth Games scam. The document emphasizes Rai's role in strengthening the CAG's powers and pushing for reforms to bring more government activities and private-public partnerships under its audit purview.
AUDIT OF ACCOUNTS OF PROFESSIONAL BODIES IN INDIAB S K RAO
PROFESSIONAL BODIES PASSED BY THE SEPARATE ACTS OF PARLIAMENT SUCH AS ICAI, ICWAI, ICSI & BCI BEING THE PUBLIC AUTHORITIES. THEY SHOULD HAVE THEIR ACCOUNTS AUDIED BY CAG. PRESENTLY ICAI ACCOUNTS ARE AUDITED BY ITS OWN MEMBERS. HOW FAR THIS IS CORRECT.
Presentation on Frequently Asked Questions about the Comptroller and Auditor General of India, Supreme Audit Institution of India for the public information
AUDIT OF ACCOUNTS OF PROFESSIONAL BODIES IN INDIAB S K RAO
PROFESSIONAL BODIES PASSED BY THE SEPARATE ACTS OF PARLIAMENT SUCH AS ICAI, ICWAI, ICSI & BCI BEING THE PUBLIC AUTHORITIES. THEY SHOULD HAVE THEIR ACCOUNTS AUDIED BY CAG. PRESENTLY ICAI ACCOUNTS ARE AUDITED BY ITS OWN MEMBERS. HOW FAR THIS IS CORRECT.
Presentation on Frequently Asked Questions about the Comptroller and Auditor General of India, Supreme Audit Institution of India for the public information
Supreme Court may kindly consider whether SIT appointed on its order needs to...D Murali ☆
Supreme Court may kindly consider whether SIT appointed on its order needs to be wound up - T. N. Pandey - Article published in Business Advisor, dated May 10, 2016 - http://www.magzter.com/IN/Shrinikethan/Business-Advisor/Business/
Tweeted on www.twitter.com/BusinessAdvDM #BusinessAdvisorArchives
Short of a decade after Anna Hazare led Anti Corruption Movement took the nation by storm from Jantar Mantar, the Lokpal is a reality in the country. As soon as the agitation had begun gathering momentum, the then UPA government led by Man Mohan Singh brought in a Bill in 2011 that was derided by the activists as Jokepal. They came up with a draft bill touted as Jan Lokpal. After some stalemate the Lokpal and Lokayuktas Act, 2013 became a reality in 2014. To be precise it became effective from 16 Jan 2014. But the appointment of the first Chairman and members of the Lokpal took another five years.
Professional services a chartered accountant can provide in preventing money ...CA. (Dr.) Rajkumar Adukia
The implementation of PMLA is conferred on several authorities as mentioned such as Director or Additional Director or Joint Director, Deputy Director, Assistant Director, and such additional directors/officers whose appointment may be deemed necessary under the provisions of the PMLA. Professionals like chartered accountants are more conversant with the business environment and hold special expertise in finances that gives them an additional advantage to fit into the role of assisting, serving such authorities.
Effectiveness of government audit system in sri lankaShakthi Fernando
This study is an Evaluation of the effectiveness of Government Audit System with respective to powers of Auditor General and COPA/COPE. This study is not an individual work of mine. It is a co-work of myself, Janith Perera and Chandi Damayanthi who are undergraduates of Sabaragamuwa University of Sri Lanka.
Effect of Weaknesses of the Internal Control Systems And NonCompliance With S...IJERA Editor
The purpose of this study was to see whether there is an influence of Weaknesses of the Internal Control System and Non-compliance With Statutory Provisions on the audit opinion of the audit board. The weakness of the internal control system measured by the audit findings Audit Board consisting of weaknesses of the accounting control system and reporting, and weaknesses of the budget implementation control system and weaknesses of the internal control structure. While non-compliance with statutory provisions are measured based on the audit findings Audit Board consisting of local loss, the potential loss of local , lack of receipt, administration, waste, inefficiency and ineffectiveness. This study is a survey of the region of the provincial government of DKI Jakarta and Banten for 2010 to 2014. Samples in this study were all the Local Government Unit that generate financial reports of local governments totaling nine units, so this study is census research, in the sense that the entire population sampled. Data analysis method used is the ordinal logistic regression because the dependent variable is the rank (category) and the data is not normal. From the results of the data analysis and discussion, it can be concluded that the weaknesses of the internal control system and non-compliance with statutory provisions affect the audit opinion of the audit board either jointly or partially.
For Malayalam Lecture: https://youtu.be/53WD3wQJOy4
Course: CMA Intermediate, G1
Subject: Laws and Ethics
Topic: Pension Fund Regulatory and Development Authority Act, 2013
Faculty: Asst. Prof. Mohammed Shafath KM (Managing Director, Capred CMA Campus)
Different pension Schemes
National Pension System (NPS)
Point of Presence (POP)
Central Recordkeeping Agency (CRA)
Pension Fund Manager
Section 20 to section 26
Previous year Question discussion
What is NPS? Basic features of NPS. What is CRA. Functions of CRA. NSDL. Functions of NSDL. what is POP? Functions of POP? What is pension Fund? Functions of PF Manager. At present, How many Pension Fund Managers are there in India? 8 Pension Fund Managers in India.
Supreme Court may kindly consider whether SIT appointed on its order needs to...D Murali ☆
Supreme Court may kindly consider whether SIT appointed on its order needs to be wound up - T. N. Pandey - Article published in Business Advisor, dated May 10, 2016 - http://www.magzter.com/IN/Shrinikethan/Business-Advisor/Business/
Tweeted on www.twitter.com/BusinessAdvDM #BusinessAdvisorArchives
Short of a decade after Anna Hazare led Anti Corruption Movement took the nation by storm from Jantar Mantar, the Lokpal is a reality in the country. As soon as the agitation had begun gathering momentum, the then UPA government led by Man Mohan Singh brought in a Bill in 2011 that was derided by the activists as Jokepal. They came up with a draft bill touted as Jan Lokpal. After some stalemate the Lokpal and Lokayuktas Act, 2013 became a reality in 2014. To be precise it became effective from 16 Jan 2014. But the appointment of the first Chairman and members of the Lokpal took another five years.
Professional services a chartered accountant can provide in preventing money ...CA. (Dr.) Rajkumar Adukia
The implementation of PMLA is conferred on several authorities as mentioned such as Director or Additional Director or Joint Director, Deputy Director, Assistant Director, and such additional directors/officers whose appointment may be deemed necessary under the provisions of the PMLA. Professionals like chartered accountants are more conversant with the business environment and hold special expertise in finances that gives them an additional advantage to fit into the role of assisting, serving such authorities.
Effectiveness of government audit system in sri lankaShakthi Fernando
This study is an Evaluation of the effectiveness of Government Audit System with respective to powers of Auditor General and COPA/COPE. This study is not an individual work of mine. It is a co-work of myself, Janith Perera and Chandi Damayanthi who are undergraduates of Sabaragamuwa University of Sri Lanka.
Effect of Weaknesses of the Internal Control Systems And NonCompliance With S...IJERA Editor
The purpose of this study was to see whether there is an influence of Weaknesses of the Internal Control System and Non-compliance With Statutory Provisions on the audit opinion of the audit board. The weakness of the internal control system measured by the audit findings Audit Board consisting of weaknesses of the accounting control system and reporting, and weaknesses of the budget implementation control system and weaknesses of the internal control structure. While non-compliance with statutory provisions are measured based on the audit findings Audit Board consisting of local loss, the potential loss of local , lack of receipt, administration, waste, inefficiency and ineffectiveness. This study is a survey of the region of the provincial government of DKI Jakarta and Banten for 2010 to 2014. Samples in this study were all the Local Government Unit that generate financial reports of local governments totaling nine units, so this study is census research, in the sense that the entire population sampled. Data analysis method used is the ordinal logistic regression because the dependent variable is the rank (category) and the data is not normal. From the results of the data analysis and discussion, it can be concluded that the weaknesses of the internal control system and non-compliance with statutory provisions affect the audit opinion of the audit board either jointly or partially.
For Malayalam Lecture: https://youtu.be/53WD3wQJOy4
Course: CMA Intermediate, G1
Subject: Laws and Ethics
Topic: Pension Fund Regulatory and Development Authority Act, 2013
Faculty: Asst. Prof. Mohammed Shafath KM (Managing Director, Capred CMA Campus)
Different pension Schemes
National Pension System (NPS)
Point of Presence (POP)
Central Recordkeeping Agency (CRA)
Pension Fund Manager
Section 20 to section 26
Previous year Question discussion
What is NPS? Basic features of NPS. What is CRA. Functions of CRA. NSDL. Functions of NSDL. what is POP? Functions of POP? What is pension Fund? Functions of PF Manager. At present, How many Pension Fund Managers are there in India? 8 Pension Fund Managers in India.
UPSC prelims Mains Current affairs Free PDF - StudyIQ StudyIQ Education
Get Free UPSC IAS Prelims Mains current affairs pdf part 1 and start the preparation of upsc ias exams with studyiq Education. For more upsc ias current affairs pdf visit - https://downloads.studyiq.com/free-pdfs/upsc-ias-daily-current-affairs-mcqs-the-hindu-pdf or upsc ias online coaching classes or courses visit -https://www.studyiq.com/course-detail/upsc-ias-pre-mains
Coal allocation scam is a political scandal concerning the Indian government's allocation of the nation's coal deposits to Public Sector Entities (PSEs) and private companies.
In a draft report issued in March 2012, the Comptroller and Auditor General of India (CAG) office accused the Government of India of allocating coal blocks in an inefficient manner during the period 2004-2009.
This ppt includes the basic information related to RTI like its mode of filing by both online and offline and also includes some information related to RTI Amendment Bill 2019.
A Study of the Contract Labour System in the Garment Industry in Gurgaon
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The general public and the society including top bureaucrats, politicians, media personnel, social activists, thinkers, intellectuals and policy makers and those who determine the future directions of the society and the economy expect the auditing profession to perform the roles of a watchdog who can monitor the auditee entity comprehensively to ensure that interest of owners, minority shareholders, investors, bankers, government, regulators, suppliers, customers and other stake holders are fully protected. Most importantly interest of the auditee entity are preserved and various financial and operational decisions taken by the management at various levels were in the interest of the company and were within the policy framework laid down by the Board.
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How to Split Bills in the Odoo 17 POS ModuleCeline George
Bills have a main role in point of sale procedure. It will help to track sales, handling payments and giving receipts to customers. Bill splitting also has an important role in POS. For example, If some friends come together for dinner and if they want to divide the bill then it is possible by POS bill splitting. This slide will show how to split bills in odoo 17 POS.
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It is possible to hide or invisible some fields in odoo. Commonly using “invisible” attribute in the field definition to invisible the fields. This slide will show how to make a field invisible in odoo 17.
Students, digital devices and success - Andreas Schleicher - 27 May 2024..pptxEduSkills OECD
Andreas Schleicher presents at the OECD webinar ‘Digital devices in schools: detrimental distraction or secret to success?’ on 27 May 2024. The presentation was based on findings from PISA 2022 results and the webinar helped launch the PISA in Focus ‘Managing screen time: How to protect and equip students against distraction’ https://www.oecd-ilibrary.org/education/managing-screen-time_7c225af4-en and the OECD Education Policy Perspective ‘Students, digital devices and success’ can be found here - https://oe.cd/il/5yV
The Indian economy is classified into different sectors to simplify the analysis and understanding of economic activities. For Class 10, it's essential to grasp the sectors of the Indian economy, understand their characteristics, and recognize their importance. This guide will provide detailed notes on the Sectors of the Indian Economy Class 10, using specific long-tail keywords to enhance comprehension.
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This is a presentation by Dada Robert in a Your Skill Boost masterclass organised by the Excellence Foundation for South Sudan (EFSS) on Saturday, the 25th and Sunday, the 26th of May 2024.
He discussed the concept of quality improvement, emphasizing its applicability to various aspects of life, including personal, project, and program improvements. He defined quality as doing the right thing at the right time in the right way to achieve the best possible results and discussed the concept of the "gap" between what we know and what we do, and how this gap represents the areas we need to improve. He explained the scientific approach to quality improvement, which involves systematic performance analysis, testing and learning, and implementing change ideas. He also highlighted the importance of client focus and a team approach to quality improvement.
The Roman Empire A Historical Colossus.pdfkaushalkr1407
The Roman Empire, a vast and enduring power, stands as one of history's most remarkable civilizations, leaving an indelible imprint on the world. It emerged from the Roman Republic, transitioning into an imperial powerhouse under the leadership of Augustus Caesar in 27 BCE. This transformation marked the beginning of an era defined by unprecedented territorial expansion, architectural marvels, and profound cultural influence.
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For more information, visit-www.vavaclasses.com
3. ABOUT CAG
• The Comptroller and Auditor General (CAG) of India is an authority, established by
the Constitution of India under Chapter V, who audits all
receipts and expenditure of the Government of India and the state governments,
including those of bodies and authorities substantially financed by the
government.
• The reports of the CAG are taken into consideration by the Public Accounts
Committees, which are special committees in the Parliament of India and the state
legislatures.
• The CAG is also the head of the Indian Audit and Accounts Service, which has over
58,000 employees across the country.
• The current CAG of India is Shashi Kant Sharma, who was appointed on 23 May
2013. He is the 12th CAG of India.
• The Comptroller and Auditor-General of India is appointed by the President of
India following a recommendation by the Prime Minister.
5. ABOUT VINOD RAI
• Vinod Rai (born 23 May 1948) was Comptroller and Auditor General of India. He
assumed office on 7 January 2008 till 22 May 2013.
• He is the current chairman of UN Panel of External Auditors.
• He holds a Masters Degree in Economics from the University of Delhi, and Masters
in Public Administration from Harvard University.
• He is widely considered as symbol of the anti-corruption movement and is
credited with having turned the office of CAG into a powerful force for
accountability and transparency in contemporary India.
• Forbes described Rai as being among that rare breed of civil servants who know
how to get work done in the government.
• He has consistently hit the headlines for his unforgiving audits, ranging from the
scathing report on the shoddy preparation for the Commonwealth Games to the
latest on spectrum allocations for second generation (2G) telecom services.
• Recently the CAG under Vinod Rai has constantly been in the limelight for its
reports exposing mega corruption, particularly in 2G Spectrum Scam,
Commonwealth Games scam and other scams
7. 2G SPECTRUM
• He is widely credited for the report on issue of Licenses and Allocation of 2G
Spectrum by United Progressive Alliance, UPA government which resulted in a
huge controversy in India.
• The report estimated that there was a presumptive loss of 1766.45
billion (US$28 billion).In a charge sheet filed on 2 April 2011 by the investigating
agency Central Bureau of Investigation (CBI), the agency pegged the loss
at 309845.5 million (US$5.0 billion).
• On 2 February 2012 the Supreme Court of India on a public interest litigation
(PIL) declared allotment of spectrum as "unconstitutional and arbitrary" and
quashed all the 122 licenses issued in 2008 during tenure of A. Raja (then minister
for communications & IT in UPA government) the main accused.
• The court further said that A. Raja "wanted to favor some companies at the cost of
the public exchequer" and "virtually gifted away important national asset".
8. COAL SCAM
• Coal allocation scam or Coalgate - scandal concerning allocation
coal deposits.
• It is about irregularities in allocation to PSEs and private companies.
• In March 2012, (CAG) accused Government of India of allocating
coal blocks in an inefficient manner during period 2004–2009.
• Over the Summer of 2012, the opposition BJP lodged a complaint
resulting in a CBI probe into whether the allocation of the coal
blocks was in fact influenced by corruption.
• CAG's argument is that the Government had the authority to
allocate coal blocks by a process of competitive bidding.
• Both public sector enterprises (PSEs) and private firms paid less
than they might have otherwise.
9. CONT.
• The CAG Final Report tabled in Parliament put the figure at INR1,85,591
crore (US$30 billion).
• On 27 August 2012, Indian prime minister Manmohan Singh read a
statement in Parliament rebutting the CAG's report both in its reading of
the law and the alleged cost of the government's policies.
• CAG report suggested if coal blocks have been allocated more efficiently,
resulting in more revenue to the government.
• At no point did it suggest that corruption was involved in the allocation of
coal.
• In response to a complaint by the BJP, the Central Vigilance Commission
(CVC) directed the CBI to investigate the matter.
10. CWG SCAM
• The Commonwealth games scam as it is known involved large scale
misappropriation of money during the preparatory phase and conduct of the
2010 Commonwealth games held in New Delhi.
• The total value of the scam is estimated to be 76,000 crore.
• The various contracts were manipulated by Kalmadi and team and allegedly
misappropriated huge amounts in the process.
• Politicians involved
1) Suresh kalmadi, the Congress party representative to 15 LokSabha from the Pune
constituency. He was the Chairman of the Organizing Committee of the Delhi
Commonwealth games.
2)Sheila Dikshit, Chief minister of Delhi: Was indicted for several irregularities in the
CWG processes both by Shunglu committee and also by the CAG
3)Robert Vadra
• Corporations involved
HCL Info systems.
EMMARMGF
DDA.
MTNL ETC.
11. Reforms suggested by Vinod Rai
• In November 2009, the CAG requested the government to amend the 1971 Audit
Act to bring all private-public partnerships (PPPs), Panchayti Raj Institutions and
societies getting government funds within the ambit of the CAG.
• The amendment further proposes to enhance CAG’s powers to access information
under the Audit Act. In the past, almost 30% of the documents demanded by CAG
officials have been denied to them.
• The PPP model has become a favourite mode of executing big infrastructure
projects worth millions of rupees and these projects may or may not come under
the audit purview of the CAG, depending on sources of funds and the nature of
revenue sharing agreements between the government and the private entities.
• Currently, it is estimated that 65 percent of government spending does not come
under the scrutiny of the CAG.
12. OUR VIEWS
• All the Government Spending to come under the
ambit of CAG.
• Financial viewings and sharing's of any kind of
Businesses must be made available to CAG.
• CAG must be the sole party in decisions.
• CAG reports must be used to push reforms.