‘Rs8 trillion’ irregularities unearthed in govt accounts

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ISLAMABAD: The auditors in the country have discovered massive irregularities amounting to Rs 8.27 trillion in the accounts of federal government, a top official said here.

Auditor General of Pakistan (AGP), Javaid Jahangir says, ‘alongside Rs 8.2 trillion, Rs 1.15 trillion of irregularities are found in the accounts of provincial department also.” He made these revelations while chairing a meeting of the policy board of the Department of Auditor General of Pakistan (DAGP) recently.

The recent policy board meeting discussed on audit themes recommendations for Public Sector Audit plan 2018-19.

There was a major paradigm shift when DAGP transformed all the codes of accounts and audit by replacing old codes/ manuals with the new financial audit manual and new reporting templates meeting international reporting standards requirements, the reported cited AGP as saying.

He said that the department sought better relationship with its stakeholders by aligning its goals with the government reform agenda, improving communication with its stakeholders and working as partners to help clients in achieving their objectives economically, efficiently and effectively.

A previous meeting of the policy board deliberated on initiatives and reforms taken up by the DAGP, proposing a way forward for collaboration with professional accounting and auditing bodies in Pakistan, and ways to engage with social sector and NGOs in audit planning.

 

The post ‘Rs8 trillion’ irregularities unearthed in govt accounts appeared first on ARYNEWS.

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