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India : Note on Financial Accountability Systems of Selected State Level Power Sector Entities

This study on financial accountability systems of selected state level power sector entities for India examines and highlights systemic issues of accounting, financial reporting, auditing, disclosure practices as well as capacity and policy gaps in...

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Bibliographic Details
Main Author: World Bank
Language:English
en_US
Published: Washington, DC 2014
Subjects:
ACCOUNT
ACCOUNTABILITY
ACCOUNTANTS
ACCOUNTING
ACCOUNTING POLICIES
ACCOUNTING PRACTICES
ACCOUNTING PRINCIPLES
ACCOUNTING STANDARDS
ACCOUNTS
AUDIT COMMITTEES
AUDIT REPORTS
AUDITED ACCOUNTS
AUDITED FINANCIAL STATEMENTS
AUDITING
AUDITING PROFESSION
AUDITING STANDARDS
AUDITORS REPORTS
AUDITS
AUTHORITY
CADRES
CENTRAL GOVERNMENT
CENTRAL GOVERNMENTS
CONSENSUS
CORPORATE GOVERNANCE
CUSTOMER SERVICE
DECISION MAKING
DECISION-MAKING
DEPRECIATION
DISCLOSURE
ELECTRICITY
FINANCIAL ACCOUNTABILITY
FINANCIAL ACCOUNTING
FINANCIAL CONTROL
FINANCIAL DISCIPLINE
FINANCIAL INFORMATION
FINANCIAL INSTITUTIONS
FINANCIAL MANAGEMENT
FINANCIAL PERFORMANCE
FINANCIAL POLICIES
FINANCIAL REPORTING
FINANCIAL STATEMENTS
FISCAL SITUATION
GENERALLY ACCEPTED ACCOUNTING PRINCIPLES
GOVERNMENT COMPANY
GOVERNMENT DEPARTMENTS
GOVERNMENT LEVEL
GOVERNMENT RESOURCES
GOVERNMENT SUBSIDY
HUMAN RESOURCE
HUMAN RESOURCE MANAGEMENT
HUMAN RESOURCES
INSTITUTIONAL CAPACITY
INSTITUTIONAL FRAMEWORK
INSTITUTIONAL REFORMS
INTEREST COSTS
INTERNAL AUDIT
INTERNAL AUDIT FUNCTION
INTERNAL AUDITING
INTERNAL AUDITORS
LEGISLATION
LEGISLATIVE ACTS
LICENSES
OVERHEAD
POLITICAL INTERFERENCE
PRIVATE SECTOR
PROCUREMENT
PROVISIONING
PROVISIONS
PUBLIC
PUBLIC FUNDS
PUBLIC INVESTMENT
PUBLIC SECTOR
PUBLIC SERVICE
REGULATORY REQUIREMENTS
REPORTING
STATE GOVERNMENT
STATE POWER
STATE SUBSIDIES
STATUTORY AUDITORS
STREETS
TRANSPARENCY
UTILITIES
Online Access:http://documents.worldbank.org/curated/en/2006/06/7285697/india-note-financial-accountability-systems-selected-state-level-power-sector-entities
http://hdl.handle.net/10986/19444
Description
Summary:This study on financial accountability systems of selected state level power sector entities for India examines and highlights systemic issues of accounting, financial reporting, auditing, disclosure practices as well as capacity and policy gaps in state power sector entities. Sustainable recommendations have been developed to remove roadblocks and strengthen financial management, reporting and disclosure practices. Review and analysis of public material, financial statements, surveys and discussions with stakeholders have been used to understand operational practices and to report on the level of subsidies and return on investment. Finally, the study focuses on consensus building with stakeholders on key issues and solutions. The purpose of the recommendations is to advise the Bank and stakeholders, feeding into the Country Assistance Strategy (CAS), on the quality of corporate governance, reporting and management answerability for public investment ' in the power sector.

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