Everything on ‘CAG Audit’
“CAG’s abrasive audit report on Reliance Industries (RIL) reflects badly on E&P sector of India”
Comptroller and Audit General’s (CAG) final audit report on alleged irregularities in production sharing contracts (PSCs) in energy and petroleum sector has finally found the light of day, but on an incongruous note. While the report has criticized the government for allowing private operator Reliance Industries Limited (RIL) to retain an entire block after the [...]
“CAG must gauge actions based on influencing factors both internal and external to a process”
As the issue enters a steaming stage, industry experts have stepped up with their opinions regarding the matter concerning Reliance Industries Limited (RIL) and the allegation put on its account by Comptroller and Audit General (CAG) body of India. The subject matter of concern revolves around the allegation made by CAG accusing RIL of gold-plating [...]
Reliance Industries disappointed at CAG’s dismissal of audit report response
Reliance Industries Limited (RIL), India’s largest private sector enterprise, has been let down by Comptroller and Audit General (CAG) body for not considering the response it submitted to CAG’s audit draft report on RIL’s KG-D6 gas fields. RIL Senior Vice President (Commercial) Mr. B Ganguly noted that the letter sent on behalf of Reliance Industries [...]
