https://www.taxtmi.com/news?id=21947 The Commission met Rajasthan PRI representatives and found weak financial accountability and reporting: low audit certification rates and few accounts certified without qualification; limited closure of Priasoft yearbooks and under utilisation of the Model Accounting System for reconciliations. It also noted incomplete transfer of funds and functionaries for devolved functions and sizable unutilized closing balances in PRI funds. The Commission recorded these deficiencies and will address audit coverage, accounting practices, fund transfers and PRI reporting in its recommendations to the central government. en-us Mon, 09 Sep 2019 11:22:11 +0530 Mon, 09 Sep 2019 11:22:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=21947 The Commission met Rajasthan PRI representatives and found weak financial accountability and reporting: low audit certification rates and few accounts certified without qualification; limited closure of Priasoft yearbooks and under utilisation of the Model Accounting System for reconciliations. It also noted incomplete transfer of funds and functionaries for devolved functions and sizable unutilized closing balances in PRI funds. The Commission recorded these deficiencies and will address audit coverage, accounting practices, fund transfers and PRI reporting in its recommendations to the central government. News - Mon, 09 Sep 2019 11:22:11 +0530 https://www.taxtmi.com/news?id=21947