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More than a decade has passed since the issue of the Second Edition (Reprint) of “An Introduction to

Indian Government Accounts and Audit”. Meanwhile the country has witnessed a number of changes
which have had their impact on Audit and Accounts also. It has, therefore, been considered desirable to
issue a revised edition of this Compilation incorporating the various changes that have been introduced
in the accounting and audit of the financial transactions of the Governments, statutory corporations,
government companies etc. 2. The arrangement of the chapters and paragraphs has generally been
retained as in the previous editions. Wherever the new matter inserted could not be fitted in
appropriately in the existing paragraphs, separate paragraphs have been added on in relevant places
with distinguishing letters suffixed to their numbers. 3. An Act prescribing the duties and powers of the
Comptroller and Auditor General is still to be passed by Parliament under the provisions of Article 149 of
the Constitution. In view of the pressing demand for c

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