CAG to complete audit of C'Wealth Games projects within three months

With a controversy raging over the Commonwealth Games expenditures, the comptroller and auditor general (CAG) today said it will complete within three months a "comprehensive" audit of the projects.

The report will be confidential and submitted only to the Parliament, CAG Vinod Rai said.

"We will complete the entire audit process of CWG in three moths time. It is going to be a gigantic task. Atleast 20 different organisations will be involved," he said addressing auditors that included some from abroad.

"If we take six to eight months time and submit the report in 2012, then the entire purpose of exercise will be lost. We will ensure that results of the audit are made available at the earliest. It is not only about the expenditures incurred," he said.

The CAG said while auditing they will have to see whether the original activity or the objective has been fulfilled. "Whether there is a physical outcome, accountability established and there has been optimal utilisation of money," Rai said.

He said it would be a comprehensive audit which would cover all the institutions involved in the Games. "Ours will be a report which will be shared only with the Parliament," he said while addressing the 97th international training programme on auditing in an IT environment.

The CAG is vetting the expenditures incurred in different Commonwealth Games related projects.

The audit process by CAG teams began in the middle of August. However, later it was halted between September 24 and October 14 in view of the Games.