India : Orissa State Financial Accountability Assessment
The Country Assistance Strategy for
India places emphasis on the need for modernizing public
financial management, and accountability systems, and,
undertaking such diagnostic work as necessary to help build
Government's capacity for better public sector
management, and external scrutiny. It calls for financial
accountability assessments to be carried out in all States
where programmatic adjustment loans are being prepared,
supporting reforms associated with fiscal, and fiduciary
risks management. Of India's 14 major States, Orissa
has the second lowest, per capita income, and a growth rate
of 3 percent against the national average of 5-6 percent per
annum, while statistics also show its revenue, and fiscal
deficits increased significantly over the years. The
Government of Orissa is developing a robust reform program,
reforms which on the fiscal side, are fully consistent with
recommendations for strengthening financial management, and
public accountability, as proposed in this State Financial
Accountability Assessment (SFAA) Report. This SFAA is
designed to ascertain and help mitigate the extent to which
public firms in Orissa State, are exposed to fiduciary
risks, and it further points to the need for capacity
building, in almost every significant aspect of public
financial accountability. It is reported that while the
legal/regulatory/institutional frameworks for internal
control, and internal audit compares favorably with the rest
of India, it does less so with international best practice,
and, although accounting and financial reporting rules
comply with well-established national requirements, it does
not with International Public Sector Accounting Standards
(IPSAS) for cash based accounting, and financial reporting.
Recommendations suggest to encourage the enlargement of the
role of the State Accountant General - AG - (Audit) in
following up cases of previous Audit Reports which the
Committees may not like to pursue for detailed examination;
to discuss the most recent reports of the Controller and
Auditor General (CAG) as a matter of priority; to include in
the annual confidential reports of the departmental
officers, an assessment of the quality of response to the
audit reports, and recommendations of the Committees; and,
civil society should be sensitized, and involved in the
accountability process, to achieve transparency.
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Bibliographic Details
Main Author: |
World Bank |
Language: | English en_US |
Published: |
Washington, DC
2004-05-30
|
Subjects: | ACCOUNT,
ACCOUNTABILITY,
ACCOUNTABILITY MECHANISMS,
ACCOUNTANTS,
ACCOUNTING,
ACCOUNTING RECORDS,
ACCOUNTING STANDARDS,
ACCOUNTING SYSTEMS,
ACCOUNTS,
ANTI-CORRUPTION,
APPROPRIATIONS,
ASSET MANAGEMENT,
AUDIT COMMITTEES,
AUDIT REPORTS,
AUDITED FINANCIAL STATEMENTS,
AUDITING,
AUDITORS,
AUDITS,
AUTHORITY,
AUTONOMY,
BILLS,
BUDGET ESTIMATES,
BUDGET PRESENTATION,
BUDGETARY PROCESS,
BUDGETING,
BUREAUCRACY,
BUSINESS PLANS,
CASH MANAGEMENT,
CENTRAL GOVERNMENT,
CITIZENS,
CIVIL SERVICE,
CONSTITUTION,
CORPORATE GOVERNANCE,
CORRUPTION,
DEBT,
DEBT MANAGEMENT,
DEBT RELIEF,
DECENTRALIZATION,
DECISION MAKING,
DECISION-MAKING,
DECISION-MAKING PROCESSES,
DEMOCRATIC GOVERNANCE,
DEMOCRATIC SOCIETIES,
DEPOSITS,
DEVOLUTION,
DISCLOSURE,
DISTRICTS,
ELECTED REPRESENTATIVES,
EXPENDITURE,
EXPENDITURE MANAGEMENT,
EXPENDITURES,
FINANCIAL ACCOUNTABILITY,
FINANCIAL CONTROL,
FINANCIAL DISCIPLINE,
FINANCIAL INFORMATION,
FINANCIAL MANAGEMENT,
FINANCIAL REPORTING,
FINANCIAL RESOURCES,
FISCAL,
FISCAL CRISIS,
FISCAL DEFICIT,
FISCAL DISCIPLINE,
FISCAL YEAR,
GOOD GOVERNANCE,
GOVERNMENT SERVICES,
INSTITUTIONAL FRAMEWORK,
INTERNAL AUDIT,
LACK OF TRANSPARENCY,
LACK OF TRANSPARENCY AND ACCOUNTABILITY,
LAWS,
LEGAL FRAMEWORK,
LEGISLATIVE COMMITTEES,
LEGISLATIVE OVERSIGHT,
LEGISLATURE,
LEVELS OF GOVERNMENT,
LOCAL BODIES,
LOCAL GOVERNMENT,
LOCAL GOVERNMENT SERVICES,
MANAGEMENT INFORMATION SYSTEMS,
MINISTERS,
PAYROLL,
PENALTIES,
PENSIONS,
PROCUREMENT,
PRODUCTIVITY,
PUBLIC ACCOUNTABILITY,
PUBLIC AGENCIES,
PUBLIC DISCLOSURE,
PUBLIC ENTERPRISES,
PUBLIC EXPENDITURE,
PUBLIC EXPENDITURE MANAGEMENT,
PUBLIC FINANCES,
PUBLIC FUNDS,
PUBLIC OFFICIALS,
PUBLIC POLICY,
PUBLIC RESOURCES,
PUBLIC SECTOR,
PUBLIC SECTOR ACCOUNTING,
PUBLIC SECTOR MANAGEMENT,
PUBLIC SERVANTS,
REGULATORY FRAMEWORK,
RESERVE BANK OF INDIA,
RISK MANAGEMENT,
SECRETS,
STATE GOVERNMENT,
STATE OWNED ENTERPRISES,
TAX,
TAX ASSESSMENT,
TAX COLLECTION,
TAX REVENUE,
TRANSPARENCY,
USER CHARGES STATE FINANCE,
FINANCIAL ADMINISTRATION,
BUDGET EXECUTION,
EXPENDITURE ANALYSIS,
RESOURCE ALLOCATION PROCESSES,
LEGAL & REGULATORY FRAMEWORK,
LEGISLATIVE REFORM,
LAW ENFORCEMENT,
FINANCIAL MANAGEMENT SYSTEMS,
STATE-OWNED ENTERPRISES,
EXTERNAL AUDITORS,
STRATEGIC COORDINATION MECHANISMS,
BUDGET IMPLEMENTATION,
FINANCIAL REPORTING STANDARDS,
FISCAL TRANSPARENCY,
GOVERNMENT ACCOUNTING,
RISK ASSESSMENT,
INFORMATION DISCLOSURE,
INFORMATION DISSEMINATION, |
Online Access: | http://documents.worldbank.org/curated/en/2004/05/4958083/india-orissa-state-financial-accountability-assessment
https://hdl.handle.net/10986/15687
|
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