Local Fund Audit helps State FIs
Source: The Sangai Express / DIPR
Imphal, June 17 2016 :
In keeping transparency in financial administration of all financial institutions of the State as well as the State Government departments, the Local Fund Audit has been functioning to extend helping hands in checking financial irregularities.
Being socio-economically weak as compared to other States, the State utilizes huge amounts of money for various developmental programmes/schemes in both rural and urban sectors.
In such cases, the role of audit has become very important.
The responsibility of audit is not only to verify the accuracy and completeness of accounts maintained, but also to disclose in a clear and firm language, the defalcation, misappropriation, fraud or misuse of public fund, if any, by the authority concerned that come to the notice of the auditor.
Such disclosure will act as a deterrent to the tendency of the unscrupulous officials to commit irregularities in the sphere of financial administration.
The recommendations/ suggestions of audit will help the executives/local authorities to be prudent while spending public money, to remain cautious, to maintain integrity and uprightness in financial truncations.
The Department of Local Fund Audit mandated the audit of accounts of local authority under the provision of the Manipur Local Fund (Accounts & Audit) Act, 1976 to make better provision for the audit and safeguarding the local fund of Manipur and the auditing works of the Department was also extended to State Government offices since 1989 .
During the period from 2001-02 to 2015-16, the Directorate had audited 685 Non �Government offices and 1,268 of Government offices.
Besides conducting audit of accounts of non-government offices and Government offices, the Local Fund Audit has also been entrusted with certain additional functions as detailed below.
� Special Audit in connection with Vigilance Cases as requisitioned by the Sate Vigilance Commission; special audit as requisitioned by the Government/Department/other offices; verification of service books for about 43,326 numbers of Group-C and Group-D of State Government employees for granting ACP scheme wef May 9, 2007; regulation of Pay for work charge employees in respect of five engineering Departments under ROP-2010; verification of service books for granting trained scale/senior scale of pay in respect of school teachers/lecturers under Education (S) Department; verification of service of books in respect of all State Government employees except organized service is going on wef Oct 1, 2015 for granting financial up-gradation under Modified Assured Career Progression.
Under the 13th and 14th Finance Commission's recommendations, the Department has prepared Annual Audit Plan for the year 2015-16, audit is conducted on the basis of the Annual Approved Audit Plan and the Department is preparing Annual Audit Inspection Report for the year 2015-16 on Panchayati Raj (ie 41 nos of PRI Units audited) and Urban Local Bodies (ie 19 nos of ULB offices audited) .
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