Day: January 3, 2022

Background NGOs can be defined as non-profit making organisations which raise funds from members, donors or contributors apart from receiving donation of time, energy and skills for achieving their social objectives like imparting education, providing medical facilities, economic assistance to Read More …

The external control of municipal expenditure is exercised by the state governments through the appointment of auditors to examine municipal accounts. The municipal corporations of Delhi, Bombay and a few others have powers to appoint their own auditors for regular Read More …

It would be imminent on the part of the auditor to understand financial administration of local bodies before embarking upon the audit. Some of the aspects are as under: Budgetary Procedure: This is geared to subserve the twin considerations of Read More …

Background A municipality can be defined as a unit of local self-government in an urban area. By the term ‘local self-government’ is ordinarily understood the administration of a locality – a village, a town, a city or any other area Read More …

The effectiveness of an audit depends on reporting results to the proper authority so that appropriate action may be taken to rectify the irregularities or impropriety where possible or to prevent re- occurrence. The right as also the obligation to Read More …

Public enterprises are required to maintain commercial accounts and are generally classified under three categories :—  departmental enterprises engaged in commercial and trading operations, which are subject to the same laws, financial and other regulations as other government departments and Read More …