Who has the overall control of railway audit offices?

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Who has the overall control of railway audit offices?

2. The Comptroller and Auditor General of India (CAG) is the final audit authority. His responsibility for the audit of railway accounts is discharged through the Deputy Comptroller and Auditor General of India (DAI).

Which group is best for auditing?

  1. #1. PwC (PricewaterhouseCoopers) LLP. SCORE 8.655. 2021 Ranking #1.
  2. #2. Deloitte. SCORE 8.463. 2021 Ranking #3.
  3. #3. Ernst & Young LLP (EY) SCORE 8.319. 2021 Ranking #2.
  4. #4. KPMG LLP. SCORE 7.683. 2021 Ranking #4.
  5. #5. Grant Thornton LLP. SCORE 7.047.
  6. #6. RSM US LLP. SCORE 6.643.
  7. #7. BDO USA LLP. SCORE 6.598.
  8. #8. Crowe LLP. SCORE 5.836.
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IS auditing and audit same?

“Audit” is either the verb “to audit” or a noun. “Auditing” is the present participle of the verb.

Is CA and auditor are same?

In India, Institute of Chartered Accountants of India offers the CA program. Those who have done IRCA certified auditor-training program can as well become auditors. Most of the auditors carry out private practice, as it is more lucrative.

What is BCom auditing?

Auditing is the. verification of financial position as disclosed by the financial statements. It is an examination of. accounts to ascertain whether the financial statements give a true and fair view financial position and. profit or loss of the business.

What is difference between Auditing and investigation?

In general, Auditing is conducted to verify the extent of truthfulness and fairness of the financial records of an entity, but Investigation is performed to prove a certain fact. Unlike investigation is a severe examination of specific records so as to highlight a fact. …

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Who is the Comptroller and Auditor General of India (CAG)?

The Constitution of India provides for an independent office of the Comptroller and Auditor General of India (CAG). He is the head of the Indian Audit and Accounts Department. He is the guardian of the public purse and controls the entire financial system of the country at both the levels- the centre and state.

What is audit report of the Comptroller and Auditor General?

Audit Report of the Comptroller and Auditor General means a report of the Comptroller and Auditor General of India under Article 151 of the Constitution of India or under Section 19A of the Act or under Section 49 of the Union Territories Act, 1963.

What is the mechanism of internal test audit in CAG?

CAG has got a mechanism of Internal test Audit Parties which functions like internal audit in every subordinate office of CAG. Apart from that, there is a peer review type of mechanism through which processes of one subordinate office is audited by officers from any other subordinate office.

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What is the role of Comptroller and Auditor General under GST?

Under Section 13, (read with Section 17) and Section 16 of the Act, it is the duty of the Comptroller and Auditor General to audit all expenditure, all receipts, and other transactions of the Governments of the Union, of each State and each Union Territory.