Performance audit manual cag of india. Information for DDOs 2019-03-14

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CAG conducting performance audit of GST, report likely soon

performance audit manual cag of india

The main objective of performance audit is to constructively promote economical, effective and efficient governance. As a whole it shall be constructive, contribute to better knowledge and highlight any necessary improvements. Let's work together to keep the conversation civil. Follow-up shallbe reported appropriately in order to provide feedback to the legislature together, if possible, with the conclusions and impacts of all relevant corrective action. In determining whether performance considerations form the primary objective of the audit engagement, it should be borne in mind that performance auditing focuses on activity and results rather than reports or accounts, and that its main objective is to promote economy, efficiency and effectiveness rather than report on compliance. Follow-up is not restricted to the implementation of recommendations but focuses on whether the audited entity has adequately addressed the problems and remedied the underlying situation after a reasonable period of time.

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Performance Audit

performance audit manual cag of india

When planning an audit, auditors shall also assess the risk of fraud. This must be taken into account in quality control. While the auditors shall aim to adopt best practices, practical considerations such as the availability of data may restrict the choice of methods. Performance Audit by Comptroller and Auditor General of India The functions of the Comptroller and Auditor of India are derived mainly from the provisions of Article 149 to 151 of the Constitution of India. Data-collection methods and sampling techniques shall be carefully chosen. Auditors shall avoid any conduct that might discredit their work. Excessive prescriptiveness may hamper the flexibility, professional judgement and high levels of analytical skills that are required in a performance audit.

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Information for DDOs

performance audit manual cag of india

It is an independent activity that increases the value of the audit process bystrengthening the impact of the audit and laying the basis for improvements to future audit work. Recommendations shall be presented in a logical and reasoned fashion. Performance audit promotes accountability by assisting those charged with governance and oversight responsibilities to improve performance through an examination of whether: a decisions by the legislature or the executive are efficiently and effectively prepared and implemented and b tax payers or citizens have received value for money. Many topics in performance auditing are complex and sensitive. The risk that an audit will fail to add value ranges from the likelihood of not being able to provide new information or perspectives to the risk of neglecting important factors and consequently not being able to provide users of the audit report with knowledge or recommendations that would make a real contribution to better performance. To be comprehensive, the report shall include information about the audit objective, audit questions and answers to those questions, the subject matter, criteria, methodology, sources of data, any limitations to the data used, and audit findings. All three approaches can be pursued from a top-down or bottom-up perspective.

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Performance Audit by Comptroller and Auditor General of India

performance audit manual cag of india

The topic selection process shall aim to maximise the expected impact of the audit while taking account of audit capacities e. The need to establish a working atmosphere of mutual trust and responsibility and provide support for audit teams shallbe seen as part of quality management. Recommendations shall be well-founded and add value. In the conduct of performance audits the following specific issues need to be addressed: a Performance audit is a process in which the audit team gathers a large amount of audit-specific information and exercises a high degree of professional judgement and discretion concerning the relevant issues. Performance audits are designed to provide a reasonable assurance with a set of conclusions and,if applicable,a single overall conclusion and to present a balanced report by taking into account all relevant viewpoints. This can be approached in several stages: a deciding on the overall audit design which questions to ask, e. Auditors shall therefore actively manage risk.

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Performance Audit by Comptroller and Auditor General of India

performance audit manual cag of india

No quality control procedures at the level of the individual audit can guarantee high-quality performance audit reports. Audit of Direct Taxes receipts is regulated by General principles of Receipt Audit, mainly with reference to the Income Tax Act, 1961 as amended from time to time and the rules framed there under. It can take many forms and have different characteristics depending on the audit objective and audit scope. The planning phase shall also involve research work aimed at building knowledge, testing various audit designs and checking whether the necessary data are available. General quality control measures shall therefore be complemented by audit-specific measures. Performance is examined against suitable criteria and the causes of deviations from those criteria or other problems are analyzed. National Dairy Development Boards Vrs.

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Comptroller and Auditor General of India

performance audit manual cag of india

Performance audit promotes transparency by affording all stakeholders an insight into the management and outcomes of different public sector activities. Most house keeping functions of the office have been computerized using in-house expertise. They shall be linked to the audit objectives, findings and conclusions. Review on working of Commissionerates, Divisions and Ranges. Technology and data analytics may be optimally utilised to facilitate this process.

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Performance Audit by Comptroller and Auditor General of India

performance audit manual cag of india

It shall, where appropriate, include recommendations for improvements to performance. It thereby directly contributes to providing useful information to the citizen, while also serving as a basis for learning and improvements. In this regard attention of all the ministries is invited to O. Where different interpretations of the evidence can legitimately be made, they need to be presented to ensure fairness and balance and iii both positive and negative aspects and give credit where it is due. To be convincing, it shall be logically structured and present a clear relationship between the audit objective, criteria, findings, conclusions and recommendations. Review of Computerisation in 5 Corporations Madurai, Coimbatore, Salem, Tiruchirapalli and Tirunelveli. The degree of economy, efficiency and effectiveness achieved may be conveyed in the performance audit report in different ways: a either through an overall view on aspects of economy,efficiency and effectiveness, where the audit objective, the subject matter, the evidence obtained and the findings reached allow for such a conclusion; b or by providing specific information on a range of points including the audit objective, the questions asked, the evidence obtained, the criteria used, the findings reached and the specific conclusions.

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CAG Audit Report

performance audit manual cag of india

Commissionerate offices, Divisional offices and Range offices and assessee units coming in the jurisdiction of Haryana and paying excise duty. The report shall be as clear and concise as the subject matter permits and phrased inunambiguous language. Audit of Central Excise receipts is regulated by General principles of Receipt Audit, mainly with reference to the Central Excise Rules, 1944 as amended from time to time and the rules framed there under. Important aspects of risk may include not possessing the competence to conduct sufficiently broad or deep analysis, lacking access to quality information, obtaining inaccurate information e. The audit findings shall be put into perspective. In certain cases—where, for example, the audit requires data to be gathered in many different regions or areas or the audit is to be conducted by a large number of auditors —there may be a need for a more detailed audit plan in which audit questions and procedures are explicitly defined.

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