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By djain128, Section Auditing & Attestation
Posted on Thu Feb 22, 2007 at 07:43:21 AM EST
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Brushing aside the general impression that government did not take any action on CAG reports, Kaul said, once the reports are tabled in Parliament they are discussed by Parliamentary committees leading to departmental action.
Out of Rs 34,003 crore non-recovery pointed by CAG in local inspection reports prepared in 2005-06, the government accepted audit findings for Rs 7,996 crore and recovered Rs 1,227 crore.
However, he admitted that there was a need to improve the action taken mechanism as "CAG is still awaiting action taken notes on over 5,000 cases from Centre and in about 11,000 cases from the states."
Referring to Finance Ministry's decision to shift from cash method of accounting to accrual system, he said it could take up to 12 years.
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