https://www.taxtmi.com/news?id=44555 Internal audit identified systemic financial-management weaknesses across water and sanitation schemes, reporting Rs 709.25 crore in irregularities including blocked funds, unauthorised and irregular expenditure, diversion to ineligible expenses, procurement non-compliance bypassing e-marketplace or tender procedures, non-recovery of dues, and idle or damaged machinery. The review recorded a rise in unresolved audit paras and cited staff shortages and insufficient specialised training, recommending capacity building in risk-based audit methods and strengthened procurement and fund-recovery controls. en-us Fri, 23 May 2025 17:16:03 +0530 Fri, 23 May 2025 17:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=44555 Internal audit identified systemic financial-management weaknesses across water and sanitation schemes, reporting Rs 709.25 crore in irregularities including blocked funds, unauthorised and irregular expenditure, diversion to ineligible expenses, procurement non-compliance bypassing e-marketplace or tender procedures, non-recovery of dues, and idle or damaged machinery. The review recorded a rise in unresolved audit paras and cited staff shortages and insufficient specialised training, recommending capacity building in risk-based audit methods and strengthened procurement and fund-recovery controls. News - Fri, 23 May 2025 17:16:03 +0530 https://www.taxtmi.com/news?id=44555