FINALISATION OF ACCOUNTS BY FCI
While the Food Corporatin
of India (FCI) prepares its accounts on an annual basis it could
not submit its Audit Reports upto date as there was a dispute
between the FCI and the Principal Auditors appointed by the Comptroller
and Auditor General (C&AG). After an amendment in the Food
Corporations Act, 1964 in May, 2000, the C&AG has become the
sole auditor. The accounts of the FCI have since been certified
by the C&AG upto the year 1999-2000 and laid in the both Houses
of Parliament. The position of finalisation of accounts for the
last three years are as under:-
2000-01- The
accounts have been adopted by the Board of Directors of FCI. The
Audit Report of C&AG is awaited.
2001-02- The
accounts have been completed. Audit of accounts by C&AG is
in progress/discussion stage.
2002-03- The
finalisation of accounts is in advanced stage and audit is expected
to commence shortly. The accounts will become due for laying in
the Parliament around December, 2003.
This information
was given in Rajya Sabha today by the Minister of State for Consumer
Affairs, Food and Public Distribution Shri Subhash Maharia in
a written reply.
