Audit Chapter 9

Audit of Cinema

Audit of Club

Audit of Co-operative Society

Audit of Commercial Accounts — Role of CAG in Government Companies

Audit of Educational Institutions

Audit of Hire Purchase

Audit of Hospital

Audit of Hotels

Audit of LLP (Limited Liability Partnership)

Audit of Lease — Finance Lease vs Operating Lease

Audit of Receipts

Audit of Stores and Inventories

Audit of Substantially Financed Bodies (Grants and Loans)

C&AG – Legal Framework and Constitutional Provisions

Classification of Government Funds

Duties of CAG — Compilation and Submission of Accounts

Duties of CAG — General Audit and Reporting Duties

Expenditure Audit – Five Standards (Sanctions, Fund Provision, Propriety, Rules & Orders)

Government Audit – Definition and Objectives

Key Audit Considerations — Cooperative Society Restrictions

Multi-State Cooperative Societies — Books of Accounts and Auditor Eligibility & Appointment

Multi-State Cooperative Societies — Special Audit by CG (Sec 77) and Inspection by Central Registrar

Performance Audit – Economy, Efficiency and Effectiveness (3Es)

Powers of the Comptroller and Auditor General (CAG)

Special Features of Cooperative Audit — Overdue Debts, Bad Debts, Valuation, Special Reports & Audit Classification