Strategic Plan for Strengthening of Internal Audit in Government of Bihar

Strategic Plan for Strengthening of Internal Audit in Government of Bihar

The Government of Bihar (GOB) has adopted various reform measures to modernize fiscal and financial management such as passing of the Fiscal Responsibility and Budget Management Act, adoption of Government of India's general financial rules an...

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Bibliographic Details
Main Author:	World Bank
Format:	Accounting and Auditing Assessment (ROSC)
Language:	English en_US
Published:	Washington, DC 2013
Subjects:	ACCOUNTANT ACCOUNTING AUDIT COMMITTEE AUDIT COMMITTEES AUDITOR GENERAL AUDITS CAPACITY BUILDING CHECKS CODE OF ETHICS COMPETENCY CONFIDENTIALITY CUSTODY DECENTRALIZATION DEPOSITS DISCUSSION DOCUMENTS DUE DILIGENCE EQUIPMENT ETHICAL VALUES EXISTING GOVERNMENT EXIT INTERVIEW EXPENDITURE EXPENDITURES EXPOSURE EXTERNAL ENVIRONMENTS FINANCIAL MANAGEMENT FINANCIAL RETURNS FINANCIAL SERVICE FINANCIAL STATEMENT FINANCIAL STATEMENTS FINANCIAL TRANSACTIONS FRAUD GOOD GOVERNANCE GOVERNMENT ACCOUNTS GOVERNMENT DEPARTMENT GOVERNMENT DEPARTMENTS GOVERNMENT RESOURCES GOVERNMENT SUPPORTS GOVERNMENTAL ORGANIZATION IDEA INFORMATION SYSTEMS INTEREST PAYMENTS INTERNAL AUDIT INTERNAL AUDITORS INTERNAL CONTROL INTERNAL CONTROL SYSTEM INTERNAL CONTROL SYSTEMS INTERNAL CONTROLS INTERNATIONAL BEST PRACTICES INTERNATIONAL ORGANIZATION INTERNATIONAL STANDARDS IRREGULARITIES ISSUANCE LEARNING LEGISLATIVE ASSEMBLY MATURITY MINISTER OPERATIONAL INDEPENDENCE ORGANIZATIONAL STRUCTURE OUTPUT OUTPUTS OUTSOURCING PHYSICAL ASSETS PUBLIC ACCOUNTS PUBLIC FUNDS PUBLIC SERVICE PUBLIC WORKS REGULATOR REGULATORY FUNCTION REMITTANCE RESERVE RESERVE FUNDS RETURN RISK MANAGEMENT SETTLEMENT SKILL SHORTAGES TREASURY VISION WARRANTS WORKFORCE
Online Access:	http://documents.worldbank.org/curated/en/2012/01/16361082/india-strategic-plan-strengthening-internal-audit-government-bihar http://hdl.handle.net/10986/12929

Description
Summary:	The Government of Bihar (GOB) has adopted various reform measures to modernize fiscal and financial management such as passing of the Fiscal Responsibility and Budget Management Act, adoption of Government of India's general financial rules and decentralization of financial powers to respective departments with a view to increasing the pace of expenditure and implementation of plan schemes. However, for decentralization to be effective the supporting public financial management systems need to be also modernized. Accordingly, the Government had entrusted a project 'modernization of budget and financial rules and procedures' to Centre for Good Governance (CGG), Hyderabad. The project requires CGG to comprehensively revise the treasury code, financial rules and budget manual, and to provide a roadmap to modernize and strengthen internal audit function in the government. CGG has firstly studied the existing organization structure of the internal audit function in GOB, the skills and capacity of the internal audit staff, the working conditions in the main office and divisional offices, the perception of others about internal audit and so on. They have visited the main office in Patna and the divisional office in Gaya. After identifying the strengths and weaknesses of the system, a road map has been prepared for strengthening the internal audit in the government.