CAs should audit social welfare schemes: ICAI
BS Reporter / Kolkata/ Bhubaneswar August 09, 2011, 0:48 IST
The Centre and the state governments must allow certified Chartered
Accountants to audit the financial expenses of social welfare schemes
and cooperative societies, said G Ramaswamy, president, Institute of
Chartered Accountants of India (ICAI).
"We have sent the proposal to respective state governments as well as
the Union government. Few states have allowed co-operative societies
to be audited by CAs, but many have not responded. We have also
requested the state governments to engage CAs to audit the Mahatma
Gandhi National Rural Guarantee Scheme,” said Ramaswamy at an ICAI
summit here.
BS Reporter / Kolkata/ Bhubaneswar August 09, 2011, 0:48 IST
The Centre and the state governments must allow certified Chartered
Accountants to audit the financial expenses of social welfare schemes
and cooperative societies, said G Ramaswamy, president, Institute of
Chartered Accountants of India (ICAI).
"We have sent the proposal to respective state governments as well as
the Union government. Few states have allowed co-operative societies
to be audited by CAs, but many have not responded. We have also
requested the state governments to engage CAs to audit the Mahatma
Gandhi National Rural Guarantee Scheme,” said Ramaswamy at an ICAI
summit here.
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