Auditing: Principles and Techniques

Chapter 19

Audit of the Accounts of Government and Public Sector Undertakings

CHAPTER OUTLINE

19.1 Introduction

19.2 Audit of Public Sector Undertakings

19.3 Distinction between Audit of Public Sector Undertakings and Audit of Private Sector Undertakings

19.4 Government Audit

19.5 Distinction between Government Audit and Commercial Audit

19.6 Comptroller and Auditor General of India

19.1 INTRODUCTION

The audit of government accounts and the accounts of public sector undertakings has a special significance and importance in view of the public accountability of government and innumerable transactions involving large sums of public money. Government audit is totally different from audit of commercial firms and the audit of public sector undertakings ...