Violating the international accounting standards in bs

Dr.k.v.sreenivasan (Ex Senior Finance Executive of NLC now Advocate Madras high Court)   (28 Points)

29 November 2015  

As 30 years experience in finance and accounts field with my Ist class MCOm, and Specialise ddiploma inf financial management, I found out the fault in public sector undertaking that they showed the value of fixed assets in the balance sheet in net assets value instead of gorss value minus cumulative depreciation, As per RTI reply they said they had reutilised the entire  annual depreciation debited under P&L a/c should be used to purchase fixed assets, current asseta and investment. If it is so the value of assets should not be allowed to decrease every year based on deduction of yearwise depreciation. By which they under stated nealy rs10000 crs of fixed assets. They also not disclosed any where in a/c about the cumulative depreciation. They also commited a error of changed the brought down figure  (under stated the value) from the carryover figure of previous year purposely in fixed assets and reserve and surplues and liabilities. From Internal auditors to CAG had not pointed out this cooking of accounts and given clear certifiactes regarding presentation of accounts. in this situation please guide me to whom i have to report and how to correct this to save that government organisation. Gove me feed back. in this context I already reported to CAG and central vigilance Commission, they replied they are nothing to do with this. it is the management responsibility, your have to contact them for correction. please guide me 

kvsreenivasan -chennai