Any idea why the Bruhat Bengaluru Mahanagara Palike (BBMP) is lax on financial management? Among many reasons, one could be that it does not have an internal auditing system.
The State Accounts Department and the Comptroller Auditor General (CAG) audit the accounts of BBMP separately but the civic body has made no move to have an internal auditing mechanism in place. Internal auditing is considered crucial and mandatory for an agency that handles huge finances. This year, the city corporation’s budget estimate is Rs 9,300 crore. Yet, over the years, the demand for an internal audit mechanism has fallen on deaf ears.
The last time the BBMP had an internal audit was in 2010 when an administrator was in charge. In fact, CAG reports in the past have damned the BBMP for financial…
