CAG to check RIL spending on KG-D6
New Delhi (PTI): Having suspended audit of Reliance Industries' spending on KG-D6 gas block, the CAG has said...
New Delhi (PTI): Having suspended audit of Reliance Industries' spending on KG-D6 gas block, the CAG has said that it is not planning to a do a performance audit of the company but wants to examine "propriety" of expenses made. The Comptroller & Auditor General of India (CAG), which last month suspended audit of spending on the flagging KG-D6 block following differences with RIL over scope and extend of scrutiny, said it is willing to resume the audit. "While a performance audit is not envisaged, it is important that the audit of Block KG-DWN-98/3 (KG-D6) covers examination of all records and documents supporting costs, expenditures, expenses, receipts and income as mentioned in the PSC, including propriety of these expenditure, expenses, receipts and income," it wrote to Oil Ministry. CAG wanted the ministry to ensure that RIL provide access to all documents requisitioned. "The audit would be the financial and propriety audit," it wrote on March 12 adding the purpose of its audit was to ensure that "the government's financial interests have been safeguarded." This follows Oil Ministry writing to CAG saying the official auditor was being requested to undertake the audit of KG-D6 for 2008-09 to 2011-12 under Section 20 of the C&AG (DPC) Act, 1971.
16 July 2019 3:18 AM GMT