Need Tally
for Clients?

Contact Us! Here

  Tally Auditor

License (Renewal)
  Tally Gold

License Renewal

  Tally Silver

License Renewal
  Tally Silver

New Licence
  Tally Gold

New Licence
 
Open DEMAT Account with in 24 Hrs and start investing now!
« Top Headlines »
Open DEMAT Account in 24 hrs
 Income Tax Calculator FY 2023-24: How To Know Your Tax Liability Online On IT Dept's Portal?
 BackBack Income Tax Act amendment on cards on tax treatment of MSME dues
 ITR-1, ITR-2, ITR-4 forms for FY 2023-24 available for e-filing. Check details here
 Income tax slabs FY 2024-25: Experts share these 8 benefits for taxpayers in new income tax regime
 How To File ITR Online - Step by Step Guide to Efile Income Tax Return, FY 2023-24 (AY 2024-25)
 Old or new tax regime for TDS on salary? This post-election 2024 event will impact your tax planning
 What Are 5 Heads Of Income Tax?
 Income Tax Dept releases interim action plan for FY25 on tax collection, refund approvals
  Income Tax Return: 5 lesser-known tax-saving tips from Section 80
 Income Tax Return: 5 lesser-known tax-saving tips from Section 80
 Why you need not rush to file your ITR immediately

CAs may be roped
June, 11th 2009

Chartered accountants may soon see their world expanding with the government considering a proposal deploying them in the countryside to audit the finances of sarpanches, block development officers and other officials handling the United Progressive Alliances flagship National Rural Employment Guarantee Programme (NREGP).

The government is actively considering roping in the Institute of Chartered Accountants of India (ICAI) to provide professional expertise for the purpose. Rural development ministry officials declined to comment on the matter. ICAI vice-president Amarjit Chopra, however, confirmed that a move to this effect was in the offing but excused himself from offering more detail. The move is being considered because the scheme was allocated about Rs 30,000 crore in the last financial year and several studies, including some by government departments, have suggested that it is plagued by problems like delayed payments of wages, subcontracting work meant for villagers to contractors, leakages and so on.

The scheme entitles every poor rural household with 100 days of work every year and the new government wants to ensure that the money meant for the rural poor is actually is paid rather than siphoned off.

Activist Aruna Roy, founder of the Mazdoor Kisan Sangharsh Samiti and promoter of the idea of jan sunwayis (public hearing) and social audits of the NREGP said the idea of chartered accountants assisting social audits by stakeholders was not a bad one in principle.

But audits did not necessarily detect or prevent them, she contended. Most frauds are discovered after financial audits have been done, she added.

You need physical verification to see if the promises of the scheme match the outcomes and that is possible only with participation of the community, she said. If the social audits by the community are backed by the expertise of chartered accountants then there is nothing like it.

Chopra said ICAI has already been involved in public service assignments it has worked with the Municipal Corporation of Delhi and Kolkata to help them change from the single-entry system of accounting to the double-entry system.

We are equally well equipped to work for a scheme like NREGP which is on a national canvas, he said, adding that the idea was to ensure that money reached the people for whom it was meant. He said ICAI would look at officials involved in the scheme at all levels.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2024 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting