Commercial Audit
Functions & Responsibilities
Commercial Audit-I
- Vetting of comments on the Accounts of Government Companies under Section 619(4) of the Companies Act, 1956
- Vetting of Separate Audit Reports on the Accounts of Statutory Corporations/Autonomous Bodies.
- Vetting and issue of Audit and Inspection Reports as a
result of Propriety Audit of Companies/Corporations.
Commercial Audit-II
- Preparation of Audit Plan and Tour Programmes of Audit Parties.
- Policy matter cases
- Processing of weekly diary reports and T.A. bills of staff
- Preparation and submission of various reports to the Headquarters office, ECPA and I.T.A.
Commercial Audit-III
- Vetting of serious irregularity cases received from the field parties and reviews on the working of PSEB for Audit Report (Commercial).
- Vetting and issue of Audit and Inspection Reports as a result of propriety Audits of Departmentally managed commercial undertakings.
- Issue of comments on the Performa Accounts of Departmentally managed commercial undertakings.
VETTING CELL
- Processing of Tentative Draft Para cases/ Reviews for Audit Report (Commercial) and Audit Report (Civil).
- Selection of Reviews for Audit Report (Comml) and Audit Report (Civil).
DATA BANK CELL
- Preparation of Profiles of auditee organizations
- Examination of special points and news cutting
- Scrutiny of Agenda/minutes of meetings of Board of Directors of auditee units.
- Preparation of Commercial Chapter for Audit Report (Commercial)
- Revision/ updating of Commercial Audit Manual.
RAO(PSEB) Patiala
- Deals with the programmes and posting & transfer of the staff, field parties conducting audit of the PSEB.
- Central Audit of monthly accounts.
- Contract Audit section at Patiala is engaged in the audit of contracts of the PSEB
- Scrutiny of Agenda/minutes of the meetings of PSEB and Punjab state electricity Regulatory Commission
- Separate Audit Report on the accounts of PSEB.
- Scrutiny of Inspection Reports related to audit of PSEB.