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 pu...
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| Format: | Country Financial Accountability Assessment |
| Language: | English en_US |
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Washington, DC
2013
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2004/05/4958083/india-orissa-state-financial-accountability-assessment http://hdl.handle.net/10986/15687 |
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okr-10986-15687 |
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oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
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 PUBLIC SECTOR MANAGEMENT FINANCIAL ADMINISTRATION BUDGET EXECUTION EXPENDITURE ANALYSIS RESOURCE ALLOCATION PROCESSES LEGAL & REGULATORY FRAMEWORK LEGISLATIVE REFORM LAW ENFORCEMENT FINANCIAL MANAGEMENT SYSTEMS INTERNAL AUDIT STATE-OWNED ENTERPRISES EXTERNAL AUDITORS STRATEGIC COORDINATION MECHANISMS BUDGET IMPLEMENTATION FINANCIAL REPORTING STANDARDS FISCAL TRANSPARENCY GOVERNMENT ACCOUNTING AUDITING INSTITUTIONAL FRAMEWORK RISK ASSESSMENT RISK MANAGEMENT INFORMATION DISCLOSURE INFORMATION DISSEMINATION |
| spellingShingle |
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 PUBLIC SECTOR MANAGEMENT FINANCIAL ADMINISTRATION BUDGET EXECUTION EXPENDITURE ANALYSIS RESOURCE ALLOCATION PROCESSES LEGAL & REGULATORY FRAMEWORK LEGISLATIVE REFORM LAW ENFORCEMENT FINANCIAL MANAGEMENT SYSTEMS INTERNAL AUDIT STATE-OWNED ENTERPRISES EXTERNAL AUDITORS STRATEGIC COORDINATION MECHANISMS BUDGET IMPLEMENTATION FINANCIAL REPORTING STANDARDS FISCAL TRANSPARENCY GOVERNMENT ACCOUNTING AUDITING INSTITUTIONAL FRAMEWORK RISK ASSESSMENT RISK MANAGEMENT INFORMATION DISCLOSURE INFORMATION DISSEMINATION World Bank India : Orissa State Financial Accountability Assessment |
| geographic_facet |
South Asia India |
| description |
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. |
| format |
Economic & Sector Work :: Country Financial Accountability Assessment |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
India : Orissa State Financial Accountability Assessment |
| title_short |
India : Orissa State Financial Accountability Assessment |
| title_full |
India : Orissa State Financial Accountability Assessment |
| title_fullStr |
India : Orissa State Financial Accountability Assessment |
| title_full_unstemmed |
India : Orissa State Financial Accountability Assessment |
| title_sort |
india : orissa state financial accountability assessment |
| publisher |
Washington, DC |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2004/05/4958083/india-orissa-state-financial-accountability-assessment http://hdl.handle.net/10986/15687 |
| _version_ |
1764428632740069376 |
| spelling |
okr-10986-156872021-04-23T14:03:17Z India : Orissa State Financial Accountability Assessment World Bank 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 PUBLIC SECTOR MANAGEMENT FINANCIAL ADMINISTRATION BUDGET EXECUTION EXPENDITURE ANALYSIS RESOURCE ALLOCATION PROCESSES LEGAL & REGULATORY FRAMEWORK LEGISLATIVE REFORM LAW ENFORCEMENT FINANCIAL MANAGEMENT SYSTEMS INTERNAL AUDIT STATE-OWNED ENTERPRISES EXTERNAL AUDITORS STRATEGIC COORDINATION MECHANISMS BUDGET IMPLEMENTATION FINANCIAL REPORTING STANDARDS FISCAL TRANSPARENCY GOVERNMENT ACCOUNTING AUDITING INSTITUTIONAL FRAMEWORK RISK ASSESSMENT RISK MANAGEMENT INFORMATION DISCLOSURE INFORMATION DISSEMINATION 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. 2013-09-05T21:08:06Z 2013-09-05T21:08:06Z 2004-05-30 http://documents.worldbank.org/curated/en/2004/05/4958083/india-orissa-state-financial-accountability-assessment http://hdl.handle.net/10986/15687 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work :: Country Financial Accountability Assessment Economic & Sector Work South Asia India |