Find out the true statement ........

Finance (Phase -I & II) Alternate sources of finance

Find out the true statement ?

The DPC Act does not directly contemplate the audit of PPP projects with only minority participation in Government agency

Audit of PPP projects by CAG is possible by virtue of section 20(1) & 20(3) of the DPC Act

The best course of action would be to include a clause in the PPP agreement to provide for the audit oversight of the CAG

All of the above

छोटे Courses बड़े Results

Master Alternate sources of finance

Prepare through Micro-courses

Try Now

Explanation:

Under the Comptroller & Auditor General’s (DPC) Act, 1971, and as incorporated in the Regulations of Audit and Accounts (2007), the audit mandate of the CAG of India will extend to all types of
(promoting) public institutions, namely, government departments (as the sole auditor of the accounts of the Union and States), PSUs (in terms of the Companies Act), and to bodies and authorities etc. (as provided under the DPC Act). The DPC Act however does not directly contemplate the audit of PPP projects or joint ventures with only minority participation by the government agency since these are recent innovations under the development strategy.