https://www.taxtmi.com/news?id=34908 The audit finds diversion of State Compensatory Afforestation funds to inadmissible non-forestry expenditures, failures to adopt required accounting procedures and to discharge interest liabilities, and inadequate internal and budgetary controls. It identifies delayed and defective APO submission and planning, unrealistic fund releases not aligned with approved APOs, and execution of compensatory afforestation long after clearance causing cost escalation. The CAG recommends instituting robust internal controls, proper budgetary checks, equitable need-based funding, and timely planning to prevent misutilisation and inefficiency. en-us Sat, 22 Feb 2025 15:46:03 +0530 Sat, 22 Feb 2025 15:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=34908 The audit finds diversion of State Compensatory Afforestation funds to inadmissible non-forestry expenditures, failures to adopt required accounting procedures and to discharge interest liabilities, and inadequate internal and budgetary controls. It identifies delayed and defective APO submission and planning, unrealistic fund releases not aligned with approved APOs, and execution of compensatory afforestation long after clearance causing cost escalation. The CAG recommends instituting robust internal controls, proper budgetary checks, equitable need-based funding, and timely planning to prevent misutilisation and inefficiency. News - Sat, 22 Feb 2025 15:46:03 +0530 https://www.taxtmi.com/news?id=34908