shine india monthly magazine
Banking service chronicle
Banking service chronicle Banking service chronicle published this article page no 4 this article was published in magazine the existing practice allows pris “to prepare monthly and annual accounts of receipts and payments” where vouchers are retained by them and not submitted to the accountant general for their audits. irregular auditing: the local self government is audited by a local fund audit body or an agency appointed by the state and many of them are not even audited regularly. the pris which also mobilise revenue through rents rates taxes fines fees etc are beyond the scrutiny of any central or state audit system. Banking service chronicle magazine transparency through different sources different types of funding is involved for local self government such as public-private partnerships model in the execution of urban infrastructure municipal bonds etc. democratic decentralization auditing of the local self government ensures the quality of de...
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