and a number of changes have been introduced in audit and accounting systems besides

departmentalisation of accounts at the Centre and restructuring of the offices of the Accountants
General making for an internal separation of audit and accounting functions in the States. The book has
been completely revised and restructured merging certain chapters, introducing new chapters, covering
not only financial arrangements and administration of the country but also the executive’s
accountability to Parliament and legislatures, and eliminating details as are no longer necessary in the
present context. This ‘Introduction’ is intended to serve as a guide to those interested in finance,
accounts and audit in India. It may not be appropriate to quote this as carrying any authority in itself.
The effect of the relevant provisions of the Constitution, Acts, Statutory Rules, Codes etc. is only briefly
indicated in this volume. Readers have necessarily to study the originals for a fuller understanding of the
subject. Our aim is to keep the present volume updated from time to time keeping in view the fresh
developments in government accounts and audit that are bound to occur in a vibrant economy.