Objectives of the State Audit Department
- Preventing Mismanagement and Fraud: The auditor’s role in preventing financial fraud and mismanagement is to look for irregularities in financial records and procedures.
- Efficiency and economy: State audits search for areas where public resources might be used more effectively and efficiently.
- Compliance with rules and Regulations: The auditors examine whether government departments, including Gram Panchayats, are complying with the relevant rules and regulations in matters of financial management, procurement, and expenditure.
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.