Thursday, December 7, 2023
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States requested to complete contemporary audits of public sector enterprises

The Centre has requested states to finish contemporary audits of all state public sector enterprises (SPSEs) and submit them electronically by the top of June, officers stated.

“Many SPSEs weren’t filling their annual accounts and the audit course of was not very immediate. We have now requested all of the states to make the entire course of digital and file all of the updates by June 30,” a senior authorities official advised ET, including that over 30 SPSEs had not up to date their annual accounts submit Covid.

An train undertaken by the Division of Public Enterprises (DPE) revealed that many SPSEs weren’t updating or getting their accounts audited for a number of years.

A communication on this regard was despatched to states in first week of March, the official stated.

The official stated the most recent train was initiated to trace efficiency of SPSEs. In some instances, PSUs recorded poor efficiency or there was no up to date information out there.

The concept is to make sure information on efficiency of SPSEs is obtainable in public area to allow related authorities to evaluate their efficiency.

Estimates peg cumulative lack of SPSEs at ₹2.5 lakh crore. Non-functional PSEs should not topic to audit by the CAG. The matter was additionally flagged by NITI Aayog.



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