The Committee on Public Finance & Government Accounting
conducted first meeting of the Council Year 2012-13 and cumulative 9th meeting
of the Committee on 23rd April 2012 at ICAI Bhawan, I P Marg, New
Delhi.
While welcoming the Committee Members the Chairman apprised about
the initiatives of the Committee. He said that this Committee was constituted
with a very specific objective of suggesting measures to the Central, State
& Local Government to ensure proper utilization and control over Public
Finance. In order to give more visibility to the initiatives of Committee on
Public Finance & Government Accounting and ICAI as a whole, it was decided
to constitute State Level Task Forces with Central Council Member as the
Convenor. It was also discussed to organise Awareness Programmes on the theme
“Rising to the Challenges in Public Finance & Government Accounting� on PAN
India basis. The Chairman also expressed the need to help the public sector
undertakings in their capacity building measures.
The Chairman
appreciated the efforts of the Committee Secretariat in bringing out publication
on “Fiscal Responsibility & Budget Management Act: A Review of the
Performance of Enacted States�.
The Ready Referencer consisting of
commonly used terms in the field of Public Finance & Government Accounting
prepared by the Committee Secretariat was also appreciated by the
members.
The Committee Members present took keen interest in the
activities and agenda of the Committee and appreciated the efforts of the
Committee and put forward their suggestions thereon.
The meeting ended
with the vote of thanks to the Chair.