Defense Ministry sets up Apex Committee for Performance and Efficiency Audit
Defense Ministry has set up an apex committee with Defense Secretary as Chairman to conduct a Performance and Efficiency Audit into various aspects of its activities. This kind of audit is expected to provide valuable inputs to the top management of the Ministry in planning and execution of projects, and suggest systemic improvements in internal controls, soundness of financial procedures and identification of risk factors.
It is a major shift from the existing transaction-based compliance audit to carry out an outcome-based performance and efficiency audit aimed at enhancing overall efficiency.
The members of the committee include Vice Chiefs of the three Services, Secretary Defense (Finance), Chief of Integrated Staff Committee, Controller General of Defense Accounts, Director General (Acquisition) and other senior officials of Ministry of Defense and Defense Research and Development Organization .
The committee chaired by Defense Secretary will identify specific areas for the conduct of performance and audit by Controller General of Defense Accounts and monitor performance audit reports and action taken thereon. It will also advise Defense Minister on remedial measures to be adopted as well as measures for overall improvement in strengthening of internal oversight and Risk Management Framework.