An appraisal of the accounting system in the Council for Scientific and Industrial Research (C. S. I. R.)

Abstract

An appraisal of the accounting system in the CSIR was undertaken to determine the inherent financial lapses. This was carried out using informal interviews and the examination of financial records. The study revealed weaknesses in the organizational structure of the Finance Unit which over-burdened the Finance Officer. In the area of purchasing, the established purchasing policies were not adhered to in many areas and this resulted in financial losses to the organisation. Regarding repairs and maintenance of official vehicle/ equipments there were several instances where proper procedures were not followed. It was also observed that the public sector budget system. being used by the CSIR is no longer suitable for the organisation due to the current emphasis on commercialization. The study suggests improvement in the internal Control system