10 July 2012

IndianCAs: Framework for audit of Gram Panchayat accounts by CAs [1 Attachment]

[Attachment(s) from Ashwin Nagar included below]
Useful information shared by Irani Sarosh.
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Subject: Draft Framework for audit of Gram Panchayat accounts by CAs

Dear Convenors / Dy. Convenors,

Our study circle founder member, Arun Anandagiri and myself had the opportunity to meet the Union Minister for Rural Development, Shri Jairam Ramesh on Tuesday in New Delhi.

During the course of our meeting he discussed the important role that Chartered Accountants could play in proper implementation of one of the flagship schemes of the Government - National Rural Employment Guarantee Scheme (NREGA). He shared with us the draft framework that is being put into place for audits to be conducted by CA's to enforce transparency and accountability at the gram panchayat level in regard to the MGNREGA expenditures, that run into lakhs of crores of rupees. The selection of CA's for this initiative is supposed to be completed before March 2013. Further the CA's are supposed to commence the certification process from May 2013 and submit all the Reports by end July 2013. The indicative check list of the audit and the Certificate format is attached herewith.

We are of the opinion that our profession should rise to this challenge and truly show that we are "Partners in National Building." Hope you find the same useful and circulate it among members at large.

Irani Sarosh.
Dy. Convenor
Pune West Study Circle


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