How does it examine the accounts of expenditure of gram panchayat?
- Launch of the auditing process: First, Gram Panchayats are chosen for investigation based on a variety of factors, including risk assessment, random selection, or as a part of a regular audit routine.
- Planning an Audit: It includes deciding on the audit’s scope, goals and particular transactions and areas that are to be looked upon.
- Fieldwork for Audits: To conduct fieldwork, State Audit Department auditors travel to the chosen Gram Panchayats. They examine financial information, transactions and supporting records related to collecting revenue, budgeting, spending and financial reporting at this phase.
- Checks for compliance and verification: Verification and compliance checks are carried out by the auditors to make sure that the expenses are made in accordance with all relevant laws, rules and regulations.
- Performance audits: These audits evaluate the success and efficiency of the Gram Panchayats initiatives and programmes.
- Creating a report: The audit team compiles the results of the fieldwork and data analysis into an audit report. The report often contains information about financial irregularities, violations of laws and regulations, problem areas and proposals for changes.
- Release of the Audit Report: The State Audit Department distributes the audit report to the Gram Panchayat, the appropriate state government department, other involved authorities and the general public as well.
Gram Panchayat Expenditure – Objectives and Role of State Audit Department
In India, the State Audit Department normally examines the Gram Panchayat’s accounts for expenses. The audit procedure is carried out to guarantee accountability, transparency, and proper use of the funds given to the Gram Panchayat. To guarantee that funds are being used for their intended goals and to check for compliance with financial regulations, they examine the Gram Panchayat’s financial records, transactions, and expenditures. It confirms that the Gram Panchayat is operating in compliance with the stated rules and regulations and assists in preventing financial irregularities and improper use of public funds.