Published On:30 May 2011
Posted by Indian Muslim Observer

CAG gives clean chit to Aligarh Muslim University

By Pervez Bari

Bhopal: The Comptroller and Auditor General of India (CAG) has given a clean chit to the audit account of the Aligarh Muslim University (AMU) for the year 2009-2010 as it has not found any discrepancy in the accounts submitted by the University for final clearance by the agency. The report of the CAG has thus negated the allegations of financial irregularities leveled by some vested interest.

According to Dr. Rahat Abrar, Public Relations Officer of AMU, the Comptroller and Auditor General of India observed in his audit report that proper books of accounts and other relevant records have been maintained by the University as required under Section 35(1) of the AMU Act 1920 in so far it appears from our examination of such books.

The report also specifically mentioned that the Balance Sheet and Income and Expenditure Account dealt with in this report are in the agreement with the books of account, Dr. Abrar said in a statement.

During 2009-2010, AMU received Grants/subsidies of Rs. 449.64 crores. In addition to this, the University earned income from sales/services, Fees/subscription, investments, Publications, interest and other income to the tune of Rs. 17.68 crores.

The CAG conducted audit in accordance with auditing standards generally accepted in India. An audit includes examining on a test basis, evidences supporting the amounts and disclosure in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by the management, as well as evaluating the overall presentation of financial statement, the statement said.

[Pervez Bari is a Journalist based at Bhopal, Madhya Pradesh. He can be contacted at pervezbari@eth.net]

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Posted by Indian Muslim Observer on May 30, 2011. Filed under , , , . You can follow any responses to this entry through the RSS 2.0. Feel free to leave a response

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