audit and performance appraisals of the working of Public Sector
Enterprises have been placed under the jurisdiction of Audit Board,
functioning under the Comptroller and Auditor General of India. The
Deputy Comptroller and Auditor General of India (Commercial) is the
Chairman of Audit Board. The Director Generals and Principal Directors
responsible for the audit of various CPSUs are members of the Audit
Board. The Board approves the topics recommended for performance
audit. It also approves the guidelines, audit objectives, criteria and
methodology for conducting major performance audits. The Board
finalises the stand alone performance audit reports after discussions
with the representatives of the Ministry and Management.
Office of the Principal Directors of Commercial Audit and
Ex-officio Member Audit Board, Chennai conducts the audit of various
Central Public Sector Enterprises (CPSEs) and Central Autonomous Bodies
(CABs) in the southern region.