Mega Offer Avail 65% Off in CA IPCC and 50% Off in all CA CS CMA subjects.Coupon- IPCEXAM65 & EXAM50. Call: 088803-20003


Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Review of Accounting System

Posted on 12 August 2010,    
 4038    Share  Report

 

Review of Accounting System

The Government has said that in accordance with the Article 150 of the Constitution, the form of accounts of the Union and the States are prescribed by the President on the advice of the Comptroller and Auditor General of India. The review of the form of accounts to meet specific requirements, including enhancement of transparency, is a continuous process. Giving this information in written reply to a question in the Lok Sabha today, Shri Salman Khurshid, Minister of Corporate Affairs, said that as per the recommendation of the 12th Finance Commission, changeover to the accrual based system of accounting was accepted in Government. Pilot projects in Government of India have been undertaken by Controller General of Accounts and in the states by Comptroller and Auditor General of India.



Comments



img

Trending Tags