Notes and Study material for Exams
Audit and accounting: Auditing is defined as the systematic and independent assessment and examination of data, statement, records, operations and performance, financial or otherwise of an enterprise. Objectives of Auditing: PRIMARY OBJECTIVE Examining the system of Internal check Checking arithmetical accuracy of books of accounts Verifying the authenticity and validity of transactions. Checking the … Read more
RAS MAINS REVISION: Part III Auditing and Accounting Social Audit: It is a tool through which government department can plan, manage and measure non-financial activities and monitor both internal and external consequences of the department social and commercial operation. OR Social Audit is an independent evaluation of the performance of an organisation as it relates … Read more
Law And Rule related Administration Administrative Law Administrative law is the body of law created by the agencies and departments of the government, which carry out the laws passed by Center or a State Legislature. When Center passes a law on a complicated issue, Center often needs help determining all of the details of … Read more
The Comptroller and Auditor General (CAG) promotes accountability, transparency and Good Governance through high quality Auditing and accounting.The Comptroller and auditor general (CAG) of India is empower to audit all expenses from the combine Fund of the union or state governments, whether incurred within India or outside. The Comptroller and Auditor General of India (CAG) … Read more
The Comptroller and Auditor General (CAG) promotes accountability, transparency and Good Governance through high quality Auditing and accounting.The Comptroller and auditor general (CAG) of India is empower to audit all expenses from the combine Fund of the union or state governments, whether incurred within India or outside. The Comptroller and Auditor General of India (CAG) … Read more
RESPONSIBILITY ACCOUNTING Responsibility accounting is a management control system based on the principles of delegating and locating responsibility. The authority is delegated on responsibility centre and accounting for the responsibility centre. Responsibility accounting is a system under which managers are given decisions making authority and responsibility for each activity occurring within a specific area of … Read more
An internal control is a procedure or policy put in place by management to safeguard assets, promote accountability, increase efficiency, and stop fraudulent behaviour. In other words, an internal control is a process put in place to prevent employees from stealing assets or committing fraud. An internal control is a business practice, policy or … Read more
Social Audit “Social Auditing is defined as a systematic attempt to identify, analyse, measure (if possible), evaluate, and monitor the effect of an organisation’s operations on Society (that is, specific social groups) and on the public well-being.” Social audit as a term was used as far back as the 1950s. In a nutshell, it refers … Read more
Here is a list of sub topics without any description for Tax Evasion: Abatement Adjustment Assessment Audit Collection Criminal Investigation Enforcement Examination Fraud Interest Penalties Refund Return Statute of Limitations Tax Avoidance Tax Evasion Tax Shelter Tax evasion is the illegal act of willfully failing to pay taxes. It is a crime that can result … Read more
The Controller General of Accounts (CGA) is an Indian government organization responsible for the accounting and audit of the central government’s finances. The CGA is headed by the Controller General of Accounts, who is an officer of the Indian Audit and Accounts Service (IAAS). The CGA’s headquarters are located in New Delhi. The CGA was … Read more