Financial Audit

CAG wants to check propriety of RIL spending on KG-D6

Having suspended audit of Reliance Industries' spending on KG-D6 gas block, the CAG has said that it is not planning to a do a performance audit of the company but wants to examine "propriety" of expenses made.<br /><br />

Oil Min wants CAG to do financial audit of RIL's KG-D6

The Oil Ministry seems to have suggested to CAG that its audit of Reliance Industries' spending on the flagging KG-D6 gas block should be a financial scrutiny and not a performance audit.

Not obliged to provide past year documents to CAG: RIL

As differences simmer over scope of CAG audit of its flagging KG-D6 fields, Reliance Industries has said it is not obliged to provide full access to documents relating to years that are not under audit.

CAG to begin audit of RIL's KG-D6 spendings on Jan 9

It had agreed in May to do a second round of audit of spending in KG-D6 block for years 2008-09 to 2011-12 but that could not start due to differences over scope with RIL.

CAG not given full access to RIL's KG-D6 records

Since full access by Reliance Industries (RIL) to KG-D6 block records was pending, the national auditor has asked the petroleum ministry to examine all issues carefully before considering any more approvals for capital expenditure

CAG agrees to confine audit to financial scrutiny of KG-D6

The CAG has agreed to restrict its audit of Reliance Industries' KG-D6 block to financial scrutiny of the spending.

Audit a contractual obligation; RIL will abide by it, says Moily

Amidst a row over CAG audit of Reliance Industries' KG-D6 gas field spendings, Petroleum Minister M Veerappa Moily today said audit was a contractual obligation and hoped that the company will abide by it.

RIL says it never contested CAG auditing KG-D6 spends

Reliance Industries today said it had never contested the government's right to get the company's spending on KG-D6 gas fields audited by the CAG but hoped it will not be subjected to a performance audit.