Sign In
Learn bits
Defence & Security
Mahesh

16/07/22 11:26 AM IST

Apex Committee for Performance and Efficiency Audit

In News 
  • The Ministry of Defence has set up an institutional mechanism comprising of an Apex committee with Defence Secretary as Chairman to conduct a Performance and Efficiency Audit into various aspects of its activities. 
Terms of Reference
  • The broad areas that have been identified for the conduct of Performance and Efficiency Audit include Defence Capital Procurements, provisioning, logistics, inventory levels, Maintenance of platforms/ assets, role and performance of Authority Holding Sealed Particulars (AHSP) etc. the Apex committee can also recommend any other specific area for Performance and Efficiency Audit.
  • The committee chaired by Defence Secretary will identify specific areas for the conduct of performance and audit by CGDA and monitor performance audit reports and action taken thereon.
  • It also shall advise Raksha Mantri on remedial measures to be adopted as well as measures for overall improvement in strengthening of internal oversight and Risk Management Framework.
Significance 
  • This kind of audit is expected to provide valuable inputs to the top management of the Ministry of specific shortcomings, if any, in planning and execution of projects, and suggest systemic improvements in internal controls, soundness of financial procedures, identification of risk factors, etc.
  • It is a major shift from the existing transaction-based compliance audit to carry out an outcome-based Performance/ Efficiency Audit aimed at enhancing overall efficiency.
Source- PIB 

More Related Current Affairs View All

05 May

Key objectives of caste count

'The Union Cabinet has decided that the next Census will include questions on caste to its enumeration of India’s population, for the first time in almost a century. ' T

Read More

05 May

2 new genome-edited rice varieties

'Agriculture Minister Shivraj Singh Chouhan recently released two genome-edited varieties of rice, the first achievement of its kind in the country.' These two varieties, which

Read More

05 Mar

First-ever comprehensive survey of India’s river dolphins

'Prime Minister Narendra Modi released the results of the first-ever comprehensive population estimation of riverine dolphins – Gangetic and Indus dolphins – done in In

Read More

India’s First Ai-Driven Magazine Generator

Generate Your Custom Current Affairs Magazine using our AI in just 3 steps