Banking service chronicle Published this article pae no 1 AUDIT OF LOCAL SELF GOVERNMENT Why in News? Comptroller and Auditor-General of India (CAG) is planning to expand its presence up to the district level to exercise audit control over three tier Panchayati Raj Institution (PRI). More about news Looking at the huge allocation of funds the CAG has prepared a proposal to open its offices in each district and exercise control and supervision over the proper maintenance of accounts and audit of the PRIs. At present CAG has presence in state capitals and its accountant generals office is responsible for auditing accounts of state governments. While the government departments draw funds from the consolidated fund the PRIs draw money from separate fund accounts kept in bank or treasury banking service chronicle monthly magazine buy.
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