Begin typing your search above and press return to search.
Farmer rage and Opposition parties
access_time 19 Sep 2020 6:51 AM GMT
access_time 19 Sep 2020 3:50 AM GMT
Going beyond birthday celebration
access_time 18 Sep 2020 6:05 AM GMT
Periyar@142-Revolutionary and Visionary
access_time 17 Sep 2020 11:57 AM GMT
The word of caution from the highest court
access_time 17 Sep 2020 6:31 AM GMT
access_time 16 Sep 2020 5:58 AM GMT
DEEP READAll arrow_drop_down
The ogres in the mind
access_time 8 Sep 2020 11:27 AM GMT
Why worry about populism?
access_time 4 Sep 2020 9:51 AM GMT
Media mind-set towards minorities
access_time 15 July 2020 4:29 PM GMT
Homechevron_rightKeralachevron_rightGovt does not want CAG ...

Govt does not want CAG as statutory auditor

Govt does not want CAG as statutory auditor

Thiruvananthapuram: The Kerala government, in a letter sent to Comptroller and Auditor General, has said that the body cannot be made statutory auditor of KIIFB.

The CAG had asked permission of audit in the investment fund board as per Section 20(2). The government however conceded only for audit under Section 14(1). The government holds that this audit is comprehensive. The  response to the CAG says that all transactions can be examined under the section. The Additional Chief Secretary Manoj Joshi sent the letter to the CAG.

In a letter to the government, CAG had said KIIFB will fall out of the auditor's ambit if the grant provided by the government is less than 75 percent. The government has now made it clear that the CAG will be allowed to audit the board even if the grants are less than the prescribed rate.

The opposition parties also were demanding an audit of KIIFB under Section 20(2) as a financial institution. The legislative assembly has been rocked over the issue.

Show Full Article
Next Story