Parliament-tabled Audit Reports – CAG Reports for Transparency & Accountability in Public Fund Utilization
Audit Reports tabled in Parliament by the Comptroller and Auditor General of India (CAG) are crucial instruments for ensuring public accountability in the management of government funds and resources. These reports highlight audit findings related to Ministries, Departments, Public Sector Undertakings (PSUs), Autonomous Bodies, and Government-funded projects, ensuring transparency in financial and operational activities.
We provide comprehensive assistance in preparing and reviewing Parliament-tabled Audit Reports (CAG Reports). Our services include supporting entities in audit preparation, compiling necessary documentation, conducting internal audits in line with CAG methodologies, and assisting in drafting responses to audit observations that will be reported to Parliamentary Committees (PAC, COPU).
Our scope covers Financial Audits, Performance Audits, and Compliance Audits as per CAG guidelines. We ensure that Ministries, PSUs, and Autonomous Bodies present accurate, compliant, and well-documented reports, addressing audit queries effectively, and mitigating risks of adverse observations. We also assist in follow-ups with the Public Accounts Committee (PAC) and Committee on Public Undertakings (COPU).
With our in-depth understanding of CAG audit frameworks and extensive experience in government audits, we enable our clients to navigate the complexities of Parliamentary Audit Reporting, ensuring that audit findings are addressed promptly and institutional governance is enhanced through transparent reporting practices.
Frequently Asked Questions (FAQs)
These are reports prepared by the CAG highlighting audit findings related to Ministries, Departments, PSUs, and Government projects, which are tabled before the Parliament to ensure transparency and accountability in public fund utilization.
Ministries, Departments, Central and State PSUs, Autonomous Bodies, and entities receiving substantial government funding are subject to CAG audits and Parliament-tabled reports.
The Public Accounts Committee (PAC) and Committee on Public Undertakings (COPU) examine the audit reports tabled by CAG, seeking explanations and accountability from concerned Ministries and entities.
Yes, we assist in drafting precise, well-documented replies to Audit Paras, ensuring accurate representation of facts and timely compliance with audit observations.
Audit & Assurance
- Statutory Audits (Companies Act)
- Internal Audits
- Tax Audits (Income Tax Act)
- Bank Audits (Statutory & Concurrent)
- Forensic Audits
- Management/Operational Audits
- Stock Audits
- Due Diligence Reviews
- System & Process Audits
- ESG/CSR Audits
- Trust & NGO Audits
- Startup Audits
- Municipal Corporation Audits
- CAG Audits
- PSU Audits
- Social Audits (MNREGA, etc.)
- Autonomous Body Audits
- Co-operative Society Audits
- Parliament-tabled Audit Reports
- PSE Audits
CA. Dhiraj Jain
Let's Talk
Reach out to our team we’re here to assist you with audit, tax, and advisory solutions.
