Short Notes On Government audit in Nepal

Auditing and Assurance Revision Questions and Answers

Government audit is as old as history of states. The concept and scope of government audit has developed in tune with political, social and economic development of the countries. Government audit aims to promote good governance through an independent, efficient and effective audit services. To carry out audit in an independent manner, some independent institutions are set up through constitutional or legal provisions. Such institution is empowered to carry out audits of all receipts, expenditure and other matters as specified in mandate from various aspects such as regularity, economy, efficiency, and effectiveness, and propriety.
In Nepal, government audit is performed an independent constitutional body, i.e. Office of Auditor General (OAG). The Constitution of Nepal (2072) provides power to the auditor General, who is appointed on the recommendation of the Constitutional Council, of conducting audit of all

public sector entities with due regards to regularity, economy, efficiency, effectiveness and proprietary.
As per the Audit Act, 2048, the Auditor General may conduct final audit of the financial activities and other activities relating thereto of the offices, bodies or organization under its jurisdiction, either in detail or sporadically or a random basis and present the facts obtained there from make critical comments thereon and submit its reports.
The Auditor General submits his/her annual report to the president and which is caused the president to be tabled at parliament for discussion through prime minister.

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