Comptroller and Auditor General Submits Audit Reports to the Honorable President

CAG Submits audit reports to the Honorable President on July 7, 2010

The Comptroller and Auditor General (CAG) of Bangladesh Ahmed Ataul Hakeem called on the Honorable President Md. Zillur Rahman at Banga Bhaban on July 7, 2010 and submitted 14 Annual audit reports and 4 Special Audit Reports.

CAG informed the Honorable President that the audit reports include 296 audit observations relating to 16 ministries involving Tk. 1527 (One thousand five hundred twenty seven) crores. The audit observations highlighted cases of non-recovery of time-barred loan, defalcation, financial losses, stock deficit, undue advantage to contractors, irregular expenditure, less deduction of Income Tax (IT) and Value Added Tax (VAT) etc.

The Honorable President appreciated the efforts made by the office of the Comptroller and Auditor General and stressed the need for quality audit in ensuring accountability and transparency. Honorable President also emphasized on the necessity of effective audit for best utilization of taxpayers’ money and for achieving good governance through ensuring sound public financial management.

The Auditor General apprised the Honorable President of remarkable contributions of the Public Accounts Committee of present Parliament. CAG also mentioned that during the 2008-09 financial year Tk. 670 crores have been recovered as a result of audit observations.

Deputy Comptroller and Auditor General (Senior) Md. Amir Khasru and Assistant Comptroller and Auditor General Md. Naoshad Hossain accompanied the Auditor General.

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