ABBREVIATIONS AND ACRONYMS

ACA Associate Chartered Accountant

ADB Asian Development Bank
AFS Available For Sale
AGP Auditor General of Pakistan
ALS Airport Limousine Services
APBUMA All Pakistan Bed-sheets & Upholstery Manufacturers Association
APTMA All Pakistan Textile Mills Association
ASME American Society of Mechanical Engineers
BBSYDP Benazir Bhutto Shaheed Youth Development Program
BF&AC Board of Finance & Accounts Committee
BoD Board of Directors
BoG Board of Governors
BoM Board of Management
BOM Built Operate and Maintain
BOO Build, Own & Operate
BoQ Bill of Quantity
BOT Build, Operate and Transfer
BoT Board of Trustees
BSD Banking Supervision Department
C&F(FO) Cost & Freight (Free Out)
CA Chartered Accountants
CAA Civil Aviation Authority
CAD Computer Aided Designing
CAE Computer Aided Engineering
CAM Computer Aided Manufacturing
CBA Collective Bargaining Agent
CCOP Cabinet Committee on Privatization
CCP Central Committee for Procurement
CDA Capital Development Authority
CDGK City District Government Karachi
CDR Cash Deposit Receipt
CDWP Central Development Working Party
CEC Cotton Export Corporation

i
CED Central Excise Duty
CEO Chief Executive Officer
CFO Chief Financial Officer
CFT Cross Functional Team
CHEC China Harbour Engineering Company
CIA Chief Inspector of Armament (POFs)
CICL Credit Insurance Company Limited
CIF Cost, Insurance and Freight
CMD Contract Management Department
CMS Consumer Meter Station (SNGPL)
CNG Compressed Natural Gas
COCO Company Owned and Company Operated
CoI Certificate of Investment
CPC Central Purchase Committee
CPF Contributory Provident Fund
CST Comparative Statement
CSTC China Shipping Trading Company
CVT Capital Value Tax
DI Dredging International
DAC Departmental Accounts Committee
DAE Diploma of Associate Engineering
DDWP Departmental Development Working Party
DEPZ Duddar Exports Processing Zone
DF Dealer Finance
DFA Deputy Financial Advisor
DGCA&E Directorate General of Commercial Audit & Evaluation
DGDP Director General Defence Purchase (POFs)
DGM Deputy General Manager
DHA Defence Housing Authority
DHAI Defence Housing Authority Islamabad
DPG Direct Passing Gas
DR Discrepancy Report
DWP Development Working Party
EBITDA Earnings before Interest, Taxes, Depreciation and Amortization
ECB Executive Committee of the Board
ECC Economic Co-ordination Committee

ii
ED Executive Director
EOBI Employees’ Old Age Benefits Institution
EOGM Extra Ordinary General Meeting
EOT Extension of Time
EPF Early Production Facility
EPS Earnings per Share
EPZA Export Processing Zones Authority
EPZs Export Processing Zones
EVC Electronic Volume Corrector (SNGPL)
FBR Federal Board of Revenue
FDIBL First Dawood Investment Bank Limited
FEC Foreign Exchange Currency
FIA Federal Investigation Agency
FIR First Information Report
FMU Financial Monitoring Unit
FoB Free on Board
FWBL First Women Bank Ltd
GCP Ghee Corporation of Pakistan (Pvt.) Limited
GDS Gas Development Surcharge (SNGPL)
GFR General Financial Rules
GM Gene General Manager
GoP Government of Pakistan
GPA General Power of Attorney
GPF General Provident Fund
GST General Sales Tax
HBFCL House Building Finance Company Limited
HDD Horizontal Directional Drilling
HEC Higher Education Commission
HHU Hand Held Unit (SNGPL)
HM3 Hundred Cubic Meter
HMC Heavy Mechanical Complex (Pvt) Limited
HR Human Resource
HRB Human Resource Budget
HRD Human Resource Development
HRS Human Resource Services
HSBC Hong Kong and Shangai Banking Corporation

iii
HSD High Speed Diesel
HSFO High Sulphur Furnace Oil
IA&E Inspectorate of Armament of Explosives (POFs)
IAS International Accounting Standards
IATA International Airlines Travelling Association
IBNR Incurred But Not Reported
IC Investment Committee
ICB International Competitive Bidding
ICC International Cricket Council
ICIS Independent Commodity Information Services
IDA International Development Association
IDBP Industrial Development Bank of Pakistan
IM Industrial Management
IMF International Monetary Fund
INTOSAI International Organization of Supreme Audit Institutions
IPC Interim Payment Certificate
IPO Initial Public Offering
IRs Internal Requisitions
IT Information Technology
KBO Karachi Booking Office
KEPZ Karachi Export Processing Zones Authority
KESC Karachi Electric Supply Company
KIBOR Karachi Inter-Bank Offered Rate
KoFHA Korangi Fisheries Harbour Authority
KP Khyber Pakhtunkhwa
KPT Karac Karachi Port Trust
KS&EW Karachi Shipyard & Engineering Works
KTDMC Karachi Tools, Dies and Moulds Centre
LC Letter of Credit
LCA Liverpool Cotton Association
LD Liquidated Damages
LDC Late Delivery Charges
LHC Lahore High Court
LPC Last Pay Certificate
LPG Liquefied Petroleum Gas
LPO Local Purchase Order

iv
LPP Last Purchase Price
LPS Late Payment Surcharge
MT Motor Transport
MAG Military Accountant General
MBA Master of Business Administration
MCC Metallurgical Construction Company
MCF Metric Cubic Feet (SNGPL+OGDCL)
MCO Mobile Credit Officer
MCS Master of Computer Science
MD Managing Director
MINFA Ministry of Food and Agriculture
MIS Management Information System
MMBTU Million Metric British Thermal Unit
MMCF Million Metric Cubic Feet
MMD Material Management Department
MoD Ministry of Defence
MODP Ministry of Defence Production
MOIP Ministry of Industries and Production
MoP Ministry of Production
MOU Memorandum of Understanding
MP&NRs Ministry of Petroleum & Natural Resources
MRDL MCC Resource Development (Pvt.) Limited
MRV Material Return Voucher
MTBs Market Treasury Bills
NAB National Accountability Bureau
NADRA National Database and Registration Authority
NBP National Bank of Pakistan
NESPAK National Engineering Services of Pakistan
NFML National Fertilizer Marketing Ltd
NGO Non-Government Organization
NICL National Insurance Company Limited
NIPD&MC National Industrial Parks Development and Management Company
NIRC National Industrial Relations Commission
NIT National Investment Trust
NIT Notice Inviting Tender
NLC National Logistic Cell

v
NSS New Simplified Scheme
NTDC National Transmission & Dispatch Company Limited
OGDCL Oil and Gas Development Company Limited
OGRA Oil and Gas Regulatory Authority
OM Observation Memo
P&L Profit and Loss
P&NR Petroleum & Natural Resources
PAC Public Accounts Committee
Pak PWD Pakistan Public Works Department
PAO Principal Accounting Officer
PATLO Pakistan Army Technical Liaison Officer (POFs)
PAX Passenger
PBG Performance Bank Guarantee
PCA Petroleum Concession Agreement
PCBL Punjab Co-operative Board Limited
PCESSDC Pakistan Chemical and Energy Sector Skill Development Company
PC-I Planning Commission –I
PCSI Pakistan Cotton Standards Institute
PDC Peripheral Development Charges
PEC Pakistan Engineering Council
PEO Principal Executive Officer
PEPAC Pakistan Environmental Planning and Architectural Consultants
(Pvt) Limited
PG&JDC Pakistan Gems and Jewellery Development Company
PHA Pakistan Housing Authority
PIAC Pakistan International Airlines Corporation
PID Press Information Department
PIDC Pakistan Industrial Development Corporation (Pvt.) Limited
PIM Pakistan Institute of Management
PKR Pak Rupee
PM Prime Minister
PNSC Pakistan National Shipping Corporation
POFIT Pakistan Ordnance Factory Institute of Technology
POFs Pakistan Ordnance Factories
POL Petrol, Oil and Lubricant
PPC Pakistan Penal Code

vi
PPL Pakistan Petroleum Limited
PPM Personnel Policy Manual
PPRA Public Procurement Regulatory Authority
PPRs Public Procurement Rules
PQA Port Qasim Authority
PR Price Reduction
PRCL Pakistan Re-insurance Company Limited
PRI Pakistan Remittance Initiatives
PRIMACO Pakistan Real Estate Investment & Management Company
PS Private Secretary
PSDP Public Sector Development Programme
PSEs Public Sector Enterprises
PSFCL Pakistan Steel Fabricating Company (Private) Limited
PSI Pre-Shipment Inspection
PSM Pakistan Steel Mills Corporation (Private) Limited
PSO Pakistan State Oil
PSPC Pakistan Security Printing Corporation
PSQCA Pakistan Standards Quality Control Authority
PUG Passing Unregistered Gas
QICT Qasim International Container Terminal
R&D Research and Development
RAR Running Account Receipt
RBS Rebroadcasting Station
RDFC Regional Development Finance Corporation
REPZ Risalpur Export Processing Zone
RRC Rate Reasonability Committee
RSD Ramp Service Department
SAM Special Asset Management (ZTBL+SME Bank)
SAP System Application Programme
SBFC Small Business Finance Corporation
SBP State Bank of Pakistan
SDA Special Deposit Account
SEC State Engineering Corporation
SECP Security Exchange Commission of Pakistan
SEPZ Sialkot Export Processing Zone
SEPZ Saindak Export Processing Zone
SESS1 Sindh Employee Social Security Institution
vii
SLIC State Life Insurance Corporation of Pakistan
SMEDA Small and Medium Enterprises Development Authority
SMS Sale Meter Station (SNGPL)
SNGPL Sui Northern Gas Pipelines Limited
SNTD Short Notice Term Deposit
SOP Standard Operating Procedure
SPL Security Paper Limited
SPO Sales Promotion Officer
SRL Skyrooms (Pvt.) Ltd
SRO Statutory Regulatory Order
SSA&BM Small Artillery Ammunition and Brass Mill
SSGCL Sui Southern Gas Company Limited
TABS Technical Assistance for Banking Sector
TAs Temporary Assignees
TBS Town Border Station (SNGPL)
TCP Trading Corporation of Pakistan
TDM Tools, Dies and Moulds
TDR Term Deposit Receipt
TGS Technical Ground Support Division
TIP Transparency International Pakistan
TRG The Resource Group
TUSDEC Technology Upgradation and Skill Development Company
UAE United Arab Emirates
UAN Universal Access Number
UBL United Bank Limited
UFG Un-accounted for Gas
UNSD United Nations Statistics Division
UO Un-official
USC Utility Stores Corporation of Pakistan (Pvt.) Limited
VSS Voluntary Separation Scheme
WEC Work Evaluation Committee
WIL Wah Industries Limited
WIP Work in Progress
WPPF Workers’ Profit Participation Fund
ZOT Zulfiqarabad Oil Terminal
ZTBL Zarai Taraqiati Bank Limited

viii
 Preface
Articles 169 and 170 of the Constitution of the Islamic Republic of Pakistan
1973, read with Sections 8 and 15 and other relevant provisions of the
Auditor-General’s (Functions, Powers and Terms and Conditions of Service)
Ordinance, 2001 require the Auditor-General of Pakistan to conduct audit of the
expenditure from the Federal Consolidated Fund, Public Account and that of
Government Commercial Undertakings and of any Authority or Body established
by the Federation.

This report is based on audit of the accounts of Public Sector Enterprises of

Government of Pakistan for the year 2011-12. The Audit Report also contains
audit observations of the previous financial years. The Directorates General
Commercial Audit and Evaluation, Lahore and Karachi conducted audit during
the period July 01, 2012 to November 15, 2012 on test check basis, with a view
to reporting significant findings to the relevant stakeholders. The main body of
the Audit Report includes only the systemic issues and audit findings carrying
value of Rs one million or more. Relatively less significant issues not considered
worth reporting to the PAC and the observations of less than Rs one million have
been listed in Annexure-1 (MFDAC). The audit observations listed in
Annexure-1 shall be pursued with the relevant Principal Accounting Officers of
the Ministries / Divisions at DAC level. In case where the PAO does not initiate
appropriate action, the audit observations will be brought to the notice of the
Public Accounts Committee through the next year’s Audit Report.

Audit findings indicate the need for adherence to the regularity framework
besides instituting and strengthening internal controls to avoid recurrence of
similar violations and irregularities.

Most of the observations included in this report have been finalizated in the light
of discussions in the Departmental Accounts Committee meetings.

The Audit Report is submitted to the President of Pakistan in pursuance of Article

171 of the Constitution of the Islamic Republic of Pakistan 1973, for causing it to
be laid before both Houses of Majlis-e-Shoora (Parliament).

-Sd-
Dated: March 04, 2013 (MUHAMMAD AKHTAR BULAND RANA)
Auditor-General of Pakistan

ix
x
 EXECUTIVE SUMMARY
Directorates General of Commercial Audit and Evaluation (DsG, CA&E) Lahore
and Karachi carry out audit and evaluation of Public Sector Enterprises (PSEs)
established by Federal Government which maintain their accounts on commercial
basis.

Section 15 of the Auditor-General’s (Functions, Powers and Terms and

Conditions of Service) Ordinance, 2001 empowers the Auditor-General of
Pakistan to conduct audit of companies and corporations established in the public
sector. For this, DsG, CA&E have a human resource of 161 officers and staff
equivalent to 44,146 mandays for audit. The annual budget of both the
Directorates General for the year 2011-12 amounted to Rs 150.02 million. Out of
44,146 mandays, 40,352 were utilized for conducting of audit of Federal Public
Sector Enterprises by spending budget of Rs 110.02 million. These offices are
mandated to conduct regularity (financial audit and compliance with authority
audit), performance and special audits and special studies of these PSEs under the
administrative control of various ministries/divisions of Government of Pakistan.

This report contains results of audit inspection and evaluation of financial

performance of public sector entities for the financial year 2011-12 conducted
during the year 2012-13. It was assessed whether or not the organizations are
managed in accordance with sound commercial practices and following canons of
financial propriety and government policy directives. Internal controls were
reviewed with the objective of identifying weak areas and recommending
improvements. This report also contains comments on the annual audited
accounts of 61 public sector enterprises (42 current and 19 arrear). However,
comments on 53 organizations (Annexure-3) could not be included in this report
as the concerned management failed to submit their audited accounts by the
prescribed date. Nine organizations (Annexure-4) ceased their operational
activities during the years 1986 to 2008. These are still under the process of
liquidation/privatization.

xi
a. Scope of Audit

There are 99 commercial entities of the Federal Government under the

jurisdiction of DsG, CA&E, Lahore and Karachi. These entities operate under the
administrative control of 24 Principal Accounting Officers (PAOs). As per Audit
Plan 2012-13, the DsG, CA&E, Lahore and Karachi audited the accounts
pertaining to year 2011-12 of 70 commercial entities against the planned 74
entities.

Out of total expenditure of the entities for the financial year 2011-12, auditable
expenditure under the jurisdiction of the DsG, CA&E, Lahore and Karachi was
Rs 882.98 billion covering 99 formations falling under 24 PAOs. Of this, the
Directorates General audited the expenditure of Rs 854.43 billion which in terms
of percentage is 96.76% of auditable expenditure. The audit of receipts of
Rs 1,282.42 billion pertaining to these formations was also conducted.

b. Recoveries at the instance of audit

Recovery of Rs 1,906.61 million was pointed out in this report. Recovery of
Rs 1,552.99 million was affected during year 2012-13 at the time of compilation
of this report, including recoveries pertaining to pervious audit reports. An
amount of Rs 12.52 million was not in the notice of the executives before audit.
c. Audit Methodology
Audit planning was carried out and permanent files of auditee organizations were
maintained and consulted / updated for audit of the accounts for the year
2011-12. Desk audit helped the auditors in understanding the systems,
procedures, environments and the auditee entity before starting field activity.
This greatly facilitated in the identification of high risk areas for substantive
testing in the field. Audit was carried out on the basis of risk and adequacy of
internal control system in the organization with specific emphasis on high value
items and inherent risk areas. Audit checks were applied keeping in view the
nature of transactions, current commercial accounting and best auditing practices
in Pakistan and relevant financial and operational manuals.

d. Audit Impact

1) National Fertilizer Corporation of Pakistan (Pvt.) Limited (NFC) was

handing over its advertisements directly to the private advertising
agencies instead of Press Information Department, Government of
Pakistan. On the basis of audit observation the management of the
xii
 Corporation assured that in future the advertisements would be made
through Press Information Department, Government of Pakistan.

2) The management of Overseas Employment Corporation (Pvt.) Limited

was making payment of Computer Allowance to the officers w.e.f. Jan 01,
2012 who were neither computer personnel nor possessed any diploma in
computer studies. On the basis of audit observation, the management
replied on Dec 20, 2012 that computer allowance had been stopped.

3) Pakistan Television Corporation Limited (PTVC) after inviting tender for

hiring of buses for pick and drop facility to the staff during the year
2006-07, awarded transport contract to a private party. However, the
contract was subsequently extended each year upto 2011-12 without
invitation of tender. On drawing attention by Audit on Aug 13, 2012, the
Pakistan Television management stopped its previous practice and invited
fresh tenders for hiring of buses for pick and drop facility on Aug 30,
2012.

e. Comments on Internal Controls

Internal controls in any organization take the form of policies, procedures,

rules, regulations, monitoring mechanisms etc. These controls guard against
fraud, waste and inefficiency as well as ensure reliable and accurate operational
and financial information for intelligent decision making and prompt compliance
with institutional policies and applicable laws and regulations. Internal controls
are essential part of management’s efforts to achieve its objectives and goals. A
number of internal control weaknesses were seen during the audit of Public
Sector Enterprises, of which a few are illustrated below:-

 Liberal Policy of Loan Sanctioning

The policy of loan sanctioning of financial institutions was quite liberal

which ensued defaults. Further, post finance monitoring was also lacking
which minimized chances of recovery. It is suggested that entire process
of loan sanctioning from feasibility to disbursement be well documented
as per instructions laid down in manuals:

xiii
 Inventory Management

Purchases were made without ascertaining the requirements thus,

blocking the capital. In order to lower the costs of inventories, maximum
retaining levels and reordering levels need to be defined and purchases be
made through open competition to fetch the lowest prices.

 Acquisition of Human Resources

It was noticed that the Public Sector Enterprises were not observing
regulations for acquisition of human resources while making fresh
appointments, re-employment of retired personnel or appointment of
consultants. The appointments without advertisements not only result in
non-competitive recruitment but also create space for undue favour to the
non-deserving candidates. The recruitment policies of the organizations
need to be reviewed to maintain and ensure transparency.

 Receivables Management

Receivables management in almost all the organizations required

immediate attention. Trade debts were not being collected within the
stipulated period and a rising trend in receivables was noticed in a large
number of organizations audited. This situation adversely affected the
liquidity position.

 Procurement Management

The public sector enterprises are not following the PPRA Rules in letter
and spirit and certain procuring agencies while engaging in procurement
violated the PPRA Rules-2004.

xiv
f. The key audit findings of the report;

i. Embezzlement of public money and fictitious / fudged payments

amounting to Rs 478.70 million in 12 cases.1
ii. PPRA Rules were violated in procurements worth
2
Rs 2,718.43 million in 12 cases.
iii. Overpayment/recovery pointed out in 4 cases - Rs 621.04 million.3
iv. There were 7 cases pertaining to non protection of assets involving an
amount of Rs 664.08 million.4
v. There were 14 cases of irregular appointments having financial impact of
Rs. 199.85 million.5
vi. There were 3 cases amounting to Rs 354.35 million pertaining to
blockage of funds.6
vii. ZTBL made Golden Jubilee bonus to its employees of Rs 88.25 million.7
viii. ZTBL did not obtain physical possession of acquired land valuing
Rs 38.85 million.8
ix. Non-production of auditable record of Procurement and Logistic
Department.9

The main body of the Audit Report includes audit findings carrying value
of rupees one million or above. Relatively less significant issues are listed in the
Annexure-I of the Audit Report. The audit observations in the Annexure-I shall
be pursued with the Principal Accounting Officers of the relevant
Ministries/Divisions at DAC level.

1
Paras 3.4.4.1, 3.1.4.1, 6.6.4.1, 6.6.4.2, 9.3.4.1, 9.6.4.1, 9.7.4.1, 10.3.4.1, 18.2.4.1, 18.7.4.1, 18.8.4.1,
18.8.4.5;
2
Paras 4.1.4.3, 5.2.4.1, 5.3.4.1, 7.2.4.3, 9.7.4.5, 10.3.4.3, 15.1.4.1, 18.7.4.8, 18.7.4.22, 21.8.4.2, 25.1.4.2,
25.1.4.12;
3
Paras 4.1.4.10, 6.1.4.11, 6.1.4.12, 10.3.4.8;
4
Paras 4.1.4.7, 4.1.4.8, 5.2.4.14, 5.3.4.4, 16.1.4.8, 18.7.4.16, 18.7.4.18;
5
Paras 6.5.4.2, 6.6.4.3, 6.6.4.9, 6.6.4.10, 6.6.4.12, 7.2.4.6, 7.2.4.11, 18.5.4.1, 18.6.4.2, 18.7.4.5, 18.7.4.6,
19.2.4.3, 21.8.4.1, 25.1.4.1;
6
Paras 18.7.4.21, 19.1.4.3, 19.1.4.4;
7
Paras 6.6.4.6,
8
Paras 6.6.4.25;
9
Paras 4.1.4.2;
xv
g. Recommendations

The executives (Principal Accounting Officers) need to take necessary

steps to evaluate and strengthen the management, budgeting and institute
accounting controls to:-

i. ensure recovery against overpayments and shortages from the employees

(e.g. SME Bank, ZTBL, PASSCO; and USC);
ii. ensure timely recovery of sundry debts, loans and advances (e.g. SME
Bank; and ZTBL);
iii. streamline the recruitment policies to protect the inalienable rights of
every citizen, as provided in the Constitution (e.g., SME Bank, PHA,
NESPAK, OGDCL; and ISGSL);
iv. ensure compliance with the PPRA Rules 2004 (e.g., POFs, USC, NLC,
and WIL);
v. improve financial health of enterprises running in loss (e.g., SME Bank,
PBC, OPF);
vi. optimum operational capacity and streamlines inventory of stores/spares
to achieve economy, efficiency and effectiveness
vii. pursue legal cases actively;
viii. arrange timely submission of annual audited accounts to Audit
(Ref. Annexure-3);
ix. expedite liquidation of closed enterprises to avoid recurring expenses and
deterioration of their assets (Ref. Annexure – 4).

xvi
SUMMARY TABLES & CHARTS

xvii
xviii
SUMMARY TABLES & CHARTS
Table 1: Audit Work Statistics
(Rs in million)
S. No. Description No. Budget

1 Total PAOs in Audit Jurisdiction 24 -

2 Total Commercial Entities in Audit Jurisdiction 99 2,232,852.79
3 Total PAOs Audited 19 -
4 Total Commercial Entities Audited 70 2,136,855.87
5 Audit Inspection Reports 70 2,136,855.87
6 Special Audit Reports - -
7 Performance Audit Reports 3 -
8 Other Reports 1 -

Table 2: Audit observations regarding Financial Management

(Rs in million)
S. No. Description Amount placed under Audit
Observation
1. Unsound asset management 2,184.53
2. Weak financial management 2,532.54
3. Weak internal controls relating to financial management 14,441.40
4. Others 5,775.18
Total 24,933.65

Table 3: Outcome Statistics

(Rs in million)
Expenditure
Sr. on acquiring Civil Total current Total last
Description Receipts Others
No. Physical Assets Works year year
(Procurement)
1. Outlays 53,465.87 14,569.90 1,282,423.57 786,396.53 2,136,855.87 3,639,864.22
Audited
2. Amount Placed 1,023.58 740.67 7,950.52 15,218.88 24,933.65 70,818.496
under Audit
Observation
/Irregularities
of Audit
3. Recoveries - - - - 1,906.61 1,453.174
Pointed out at
the instance of
Audit
4. Recoveries - - 1,906.61 1,453.174
Accepted /
Established at
the instance of
Audit
5. Recoveries - - 1,552.99 592.162
Realized at the
instance of
Audit.

xix
Table 4: Irregularities pointed out
(Rs in million)
Amount
placed under
S. Audit
No. Description observations
1. Violation of rules and regulations and violation of principle of 8,054.47
propriety and probity in public operations.
2. Reported cases of fraud, embezzlement, thefts and misuse of public 502.77
resources.
3. Accounting Errors (accounting policy departure from IAS, 0
misclassification, over or understatement of account balances) that
are significant but are not material enough to result in the
qualification of audit opinions on the financial statements.
4. Weaknesses of internal control systems. 8,548.38
5. Recoveries and overpayments, representing cases of established *1,476.77
overpayment or misappropriations of public money.
6. Non – production of record. 12.10
7. Others, including cases of accidents, negligence etc. 6,339.16
Total 24,933.65

*This amount represents the recoveries and overpayments pointed out by audit
whereas the figures shown at table-3 sr-4 column-7 represent only the cases
where recovery has been started / made.

Table 5: Cost-Benefit
(Rs in million)
S.
No. Description
1. Outlays Audited 2,136,855.87
2. Expenditure on Audit 110.72
3. Recoveries realized at the instance of Audit 1,552.99
Cost-Benefit Ratio 1 :14.03

xx