TEAM HERALD
PANJIM: Goa Khadi and Village Industries Board has been pulled up by the accountant general of Goa for not keeping record of certificates of acceptance of liability in a report tabled before the just concluded budget session in the Assembly.
According to the audit report, the board is required to keep on record the certificates of acceptance of liability at the end of the financial year. However, no such certificate was kept on record.
“In absence of confirmations, accuracy of receivables could not be vouched-safe in audit,” says the report.
In another instance, it says that that though the board released margin money of Rs 98.60 lakh under the Rural Employment Generation Programme (REGP) during 2008-09, it has not conducted any survey or physical verification of the units established under the REGP since the inception of the scheme. “Thus recoveries of amounts sanctioned under the scheme consequent to the inability of the beneficiary to set up the project and commence business could not be ascertained by the board,” the accountant general says. Also a maintenance grant of Rs 140 lakh received from the government which includes Rs 35 lakh received from department of industries, trade and commerce for purchase of specific assets – marketing outlet – was recognized as deferred income over the useful life of the depreciable assets.
