Financial system in J&K most transparent, says LG
Financial system in J&K most transparent, says LG
Sinha releases FD’s report on good governance Ensure revenue up by 5 pc
Excelsior Correspondent
JAMMU, May 19: Lieutenant Governor, Manoj Sinha today released ‘Annual Report- Promoting Good Governance’ compiled by the Finance Department showcasing major initiatives undertaken by the Department during 2020-21 to bring transparency and accountability in the execution of the public works.
Arun Kumar Mehta, Financial Commissioner, Finance Department; and Nitishwar Kumar, Principal Secretary to the Lt Governor were present on the occasion.
The report in the form of e-book provides insight into reforms and steps implemented by the Finance Department to institutionalize prudence in financial management in J&K which has truly transformed the Union Territory.
Strengthening The Internal Audit
Feroz Ahmed Mir, Shafat Yehya
Social responsibility has been an accepted convention in India for ages although most often its manifestation was to be found in philanthropy and community welfare initiatives. Nowadays public expenditure has increased and how the money is spent and the quality of services it provides is an important issue to users of public service and simultaneously tax payers including management. The Audit Institutions play an important role in enhancing good governance for public assets, to foster integrity, transparency, accountability within the public entities. The Internal Audit function is a key component of Public Financial Management.Directorate of Audit and Inspections has been conducting internal audit Of Government Departments of Jammu and Kashmir since 1996.