AMU given clearance by CAG

ligarh: The Comptroller and Auditor General of India (CAG) has given a
clean chit to the audit account of the Aligarh Muslim University (AMU)
for the year 2009-2010 as it has not found any discrepancy in the
accounts submitted by the University for final clearance by the
agency.

The report of the Comptroller and Auditor General of India has thus
negated the allegations of financial irregularities leveled by some
vested interest.

The Comptroller and Auditor General of India observed in his audit
report that proper books of accounts and other relevant records have
been maintained by the University as required under Section 35(1) of
the AMU Act 1920.

The report also specifically mentioned that the Balance Sheet and
Income and Expenditure Account dealt with in this report are in the
agreement with the books of account.

During 2009-2010, AMU received Grants/subsidies of Rs. 449.64 Crores.
In addition to this, the University earned income from sales/services,
Fees/subscription, investments, Publications, interest and other
income to the tune of Rs. 17.68 crores.

CAG conducted audit in accordance with auditing standards generally
accepted in India. An audit includes examining on a test basis,
evidences supporting the amounts and disclosure in the financial
statements.

An audit also includes assessing the accounting principles used and
significant estimates made by the management, as well as evaluating
the overall presentation of financial statement.