Home :Frequently Asked Questions (FAQ)
Ques-: What is SAI?
Ans-: SAI (Supreme Audit Institution) is the Indian Audit and Account Department. It acts as an instrument for ensuring accountability. The constitution of India has mandated SAI to function as Auditors to the nation. SAI has Comptroller and Audit General and The Indian Audit & Account Department as its constituents. The SAI of India audits both central and state government and also maintains the accounts of state governments.
Ans-: In the Indian system of governance, the policies are set by the parliament and the state legislators give the goals to be achieved through the public spending. These policies are the translated into program and then implemented by various department of government. For this, parliament sanctions the budget detailing the mode of collection, amount of collection and also for the purpose for it is to be spent and the government dept. are accountable for the quantity and quality of their expenditure to the parliament. CAG assists the parliament to enforce the said accountability of the Govt. Department
Ques-: What is CAG’s DPC Act and what are its duties?
Ans-: The CAG’s DPC (Duties, power and Conditions of services) Act is a detailed legislation enacted by parliament in 1971. This Act lays down the service conditions to secure the autonomous nature of the CAG. It also mandate and puts almost every spending, revenue collecting or aid/grant receiving unit of government under CAG’s audit domain.
Ques-: How does audit take place?
Ans-: First of all every audit office prepares annual Audit plan detailing the units to be audited during the year after the risk assessment exercise is been done. The audit plan is carried out through Quarterly Audit program. The department to be audited is informed in advance and then Field Audit is done by Audit officers and Assistant Audit officer. These officers conduct local inspection of records. Then all operational and financial documents are checked. Next to it queries are made and reply is obtained through the respective de3partments.
Ans-: Depending on the objective of Audit, audits are classified as follows ;
Besides this there are other audits as well on Information technology and Environmental issues.
Ans-: It seeks to take up audit of computerized systems and e-governance initiatives.
Ans-: The objective of Social Audit is to muster the local knowledge and competence of various civil society organizations for a better reach of the formal audit process and to evaluate the performance of government Scheme. Its being carried out for social sector schemes such as health, education, rural employment and water.
Ans-: It’s a performance audit on various environmental issues and then to conduct research on environmental issue and sustainable development
Ans-: It’s the final product of the entire audit process. It contains the final fully corroborated audit findings. It may be accepted by the department and/or proved factually and are material enough to be placed in legislature and then it is seek to determine the nature of inadequacies identified.
Ans-: Audit Reports helps us in Quantitative as well as in Qualitative terms. The on-site audit is conducted annually and simultaneously issue inspection report in more 64000 units of the Union, State and Union Territory Government s across the country and abroad and audit 14.33million vouchers and transactions. It helps to check the quantum of over payments /under recoveries in the range of 15000 crore and recoveries upwards of Rs. 2750 crore in transactions
Ans-:The advisory roles of SAI are as follows: