1 / 11

Common Deficiencies

Common Deficiencies. (Audit ). Target & Achievements. No target relating to clearance of Internal & External arrears etc. Required periodical meetings with Group officers and Sr.AO/AAO were not held by Head of the office. Use of VLC data

falala
Télécharger la présentation

Common Deficiencies

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Common Deficiencies (Audit )

  2. Target & Achievements • No target relating to clearance of Internal & External arrears etc. • Required periodical meetings with Group officers and Sr.AO/AAO were not held by Head of the office.

  3. Use of VLC data • VLC data is not being used for Central Audit/Audit Planing. • Performance of Central Audit • Nil payment registers, portfolio files not being maintained properly. • Register of Audit notes not being maintained properly. Thus large number of audit notes with huge money value remain un-attended. • Worthwhile inputs are not coming from Central Audit either for Audit Plan or for Audit Reports.

  4. Audit Plan • Absence of comprehensive databank & documents for Auditee Profile. • Electronic database for preparing Audit Plan remains uncompleted and undeveloped though the perspective plan 2003-2008 of IA&AD envisaged it. • Audit plans not sent to Hqrs. in time. • Risk Based Approach normally not followed for preparation of Audit Plan.

  5. Inspection Reports • There is delay in issue of Inspection Reports: • Generally delay ranges from 1 to more than 12 months. • Large numbers of Nil Inspection Reports : • It is seen that significant proportion of IRs brought no significant findings. • Pursuance of Inspection Reports • No effective pursuance of IRs. On an average 40 to 50% of of IRs are nil IRs. Large number of IRs paragraphs are pending. . • In most cases Audit Committees, Apex Committees and departmental committees have not been founded or it founded the meetings are not takeing place regularly.

  6. Conversion of PDP cases to DP • The number of paragraphs identified as PDP generally don’t bear a reasonable proportion to the number of outstanding Inspection Report paragraphs. • Similarly the conversion rate of PDP into DP is also not very significant. ( ranging from 23 to 70 %). • Contract Audit • Audit of contract/agreement not being examined properly. • Sanction issued not being examine properly. • Portfolio of files and control registers were not maintained properly

  7. Group officers Supervision • Generally there has been shortfall in Group Officers supervision as against norms of 7 days per month. • General absence of documentation of the work done by Group Officers during the supervision. Tour notes not submitted.

  8. Commercial Audit • There were delays in finalization of comments of audit on annual accounts of companies. • Receipt of Agenda & Minutes of Meetings of Board of Directors was not watched. • ATN/recommendations of COPU were not pursued properly. • No register for recovery of Audit Fee was maintained and rates of audit fee were not revised from time to time.

  9. Autonomous Bodies • Certification of accounts i.e. issue of Separate Audit Report in respect of Autonomous Bodies were delayed. • There were shortfall in achievement of targets/ targets were not fixed properly.

  10. Audit Progress Register • The money value of the objections not recorded. • Not maintained in prescribed form. • Reminders not issued. • Date of receipt of reply not indicated.

  11. Special Enquiry Register • The enquiries were not brought forward from old register. • Delay in making entries. • Special enquiries were not cross linked. • Monthly submission not done. • Register not maintained in two parts viz. Permanent & Temporary. • Many special enquiries remained unattended.

More Related