NARESH SALECHA MEMBER FINANCE RAILWAY BOARD

[NARESH SALECHA MEMBER FINANCE RAILWAY BOARD @nsalecha1]

Reviewed progress of Accrual Accounting with President of ICAI Sh.Nilesh Vikamsey and his team.

[NARESH SALECHA MEMBER FINANCE RAILWAY BOARD @nsalecha1]

AM Sh. A.K. Prasad advised ICAI to expedite the progress of transaction based accrual Accounting.

[NARESH SALECHA MEMBER FINANCE RAILWAY BOARD @nsalecha1]

Markus Roesner of ADB visited for getting updates on latest Status of Accounting Reforms Project in Indian Railways.

[NARESH SALECHA MEMBER FINANCE RAILWAY BOARD @nsalecha1]

Joint Expert Group meeting with President, ICWAI Sh. S. Gupta & his team regarding Performance Costing in Indian Railways held.

[NARESH SALECHA MEMBER FINANCE RAILWAY BOARD @nsalecha1]

First Joint Expert Group meeting of ICAI and IR held to review progress on rolling out of IR. 130 CA working all over india .

[Suresh Prabhu @sureshpprabhu]

Game changing project,going beyond basics like double entry&accrual,Outcome based,integrate Costing,a/c,MIS, etc,towards ERP#AccontingReform https://t.co/wkYPxFpLD6

[NARESH SALECHA MEMBER FINANCE RAILWAY BOARD @nsalecha1]

Honourable Minister SURESH PRABHU himself taking keen interest in Accounting Reforms project https://t.co/6noctBfVDe

[Suresh Prabhu @sureshpprabhu]

Game changing project,going beyond basics like double entry&accrual,Outcome based,integrate Costing,a/c,MIS, etc,towards ERP#AccontingReform https://t.co/wkYPxFpLD6

[NARESH SALECHA MEMBER FINANCE RAILWAY BOARD @nsalecha1]

Supriya,Srikant,Prateek,N Babu&Vipul , RPM representing Mumbai, Kolkata, Allahabad,Secunderabad&Delhi Region gave overview of the progress

[NARESH SALECHA MEMBER FINANCE RAILWAY BOARD @nsalecha1]

During RPM meeting, a Presentation on Actuarial Study was given by outside experts. The likely methodology and impact was discussed.

[NARESH SALECHA MEMBER FINANCE RAILWAY BOARD @nsalecha1]

1 meeting with Regional Project Managers of Accounting Reforms held in Railway Board.

[Ministry of Railways @RailMinIndia]

5/MR @sureshpprabhu has suggested that audit teams should be capable of detecting anomalies much before the same r pointed external agencies

[Ministry of Railways @RailMinIndia]

4/The need for a robust and effective internal audit system is especially required now due 2 greater delegations of power at the field level

[Ministry of Railways @RailMinIndia]

3/MR @sureshpprabhu stressed on internal audit which should be capable of detecting non-compliance of laid down procedures,sys failures, etc

[Ministry of Railways @RailMinIndia]

2/The meeting was attended by Financial Commissioner (Railways) B.N.Mohapatra, Advisor Vigilance, Advisor Finance and other officials.

[Ministry of Railways @RailMinIndia]

1/ MINISTER OF RAILWAYS @sureshpprabhu REVIEWED THE STATUS OF INTERNAL AUDIT SYSTEM ON INDIAN RAILWAYS

[NARESH SALECHA MEMBER FINANCE RAILWAY BOARD @nsalecha1]

Internal Audit of key policies & initiatives to help in bringing in accountability and transparency in functioning of Indian Railways.

[NARESH SALECHA MEMBER FINANCE RAILWAY BOARD @nsalecha1]

FC briefed MR plans to conduct internal audit of key processes to ensure sustainability of growth initiatives.Adv vig & adv f participated

[NARESH SALECHA MEMBER FINANCE RAILWAY BOARD @nsalecha1]

Railway Ministry proposes to leverage internal audit to enhance customer satisfaction and improve productivity in operations.

[NARESH SALECHA MEMBER FINANCE RAILWAY BOARD @nsalecha1]

Concept paper on Outcome Budgeting and preliminary milestones as received from various Dtes were apprised to Hon'ble MR.

[NARESH SALECHA MEMBER FINANCE RAILWAY BOARD @nsalecha1]

Performance Costing status and implementation of Pilot Project with assistance of ICWAI in Delhi Division was reviewed by Hon'ble MR.