Comptroller and Audit General of India (CAG) conduct this exam for recruiting candidates to Section Officer’s post in Commercial Audit Branch.

Structure of Section Officer’s Grade Examination for Commercial Audit Branch

Two parts will be there for the question paper of this exam. First part includes the following subjects, which are given below with their marks and duration.

• Constitution of India – 100 marks with 2 hours
• Service Regulations, Financial – 100 marks with 3 hours
• Rules Principles of Government Accounts and CPWA Government Auditing – 100 marks with 3 hours
• Principles of Management – 100 marks with 3 hours
• Indian Macro Economic Environment, Commercial Laws and Corporate Tax– 100 marks with 3 hours

Second part includes the following subjects, which are given below with their marks and duration

• Precis and Draft – 100 marks with duration of 2 ½ hours
• Advanced Accounting – 100 marks with duration of 3 hours
• Commercial Auditing – 100 marks with duration of 3 hours
• Cost and Management Accountancy– 100 marks with duration of 3 hours
• Financial and Contract Management– 100 marks with duration of 3 hours
• Computer System (Theory) – 50 marks with duration of 1 hour
• Computer System (Practical) – 50 marks with duration of 2 hours
• Statistics and Statistical sampling – 100 marks with duration of 2 hours

Syllabus of Section Officer’s Grade Examination for Commercial Audit Branch

Constitution of India

• Parts I, V, VI, VIII, IX, IX A, X, XI, XII, XIV, XVIII, XIX and XX of the Constitution of India together with relevant Schedules appended to it
• Comptroller and Auditor General’s Act1971

Service Regulations, Financial Rules Principles of Govt.Accounts and CPWA

• Central Civil Services Rules
• Fundamental Rules Definitions, General Conditions of Service, Pay
• CCS Rules, 1979
• Supplementary Rules SR/24 Definitions, rules relating to Traveling Allowance on Transfer and on Tour
• Government Accounting Rules 1990-Chapter on General outline of the system of accounts
• General Financial Rules
• Definitions of CPWA
• General outline of system of accounts
• Appropriations
• Cash
• Stores
• Transfer entries
• Revenue Receipts
• Works accounts
• Accounts procedure for lump sum payments
• Suspense accounts
• Deposit
• Transactions with other Divisions, Departments and Government
• Accounts of Divisional officers
• Treatment of recoveries of expenditure in the accounts of the Public Works Department

Government Audit

• Brochure on Comptroller & Auditor General’s (Duties, Powers and Conditions of Service) Act
• CAG’s Manual of Standing Orders (Audit)
• Auditing Standards issued by C & AG.
• Manual of Autonomous Bodies
• Performance Audit Guidelines
• Auditing and Assurance Standards of ICAI
• INTOSAI Guidelines on Internal Control
• ASSOSAI Guidelines for dealing with Fraud and Corruption

Principles of Management & Indian Macro Economic Environment

• Nature and Process of Management
• Organizing
• Directing Human factor in Organization, Motivation, Communication Leadership
• Production, Planning and Control
• Operation Research
• System concept and value analysis
• Materials, Purchase and stores Management
• Inventory Control
• Role of Public sector in India and its problems
• Concept of privatization & disinvestment
• India’s international trade, exports and imports
• WTO structure, features, major trade agreements
• IMF, World Bank and Asian Development Bank
• Role of regulatory authorities viz SEBI, IRDA, TRAI, CERC/SERC their guidelines

Commercial Laws & Corporate Tax

• Companies Act, 1956
• The Indian Contract Act, 1876
• The Indian Sale of Goods Act, 1930
• The Negotiable Instruments Act, 1881
• Electricity (Supply) Act, 2003
• Road Transport Corporation Act, 1950
• State Financial Corporation Act, 1951
• Securities and Exchange Board of India Act, 1992
• Foreign Exchange Management Act, 1999
• Payment of Bonus Act, 1965
• Employees Provident Fund Act, 1952
• Corporate Tax-Income Tax on companies

Précis and Draft

• Précis of a correspondence or of notes on an official subject which is relevant and interesting to Accounts/Audit Offices in the Department
• Drafting of an official letter or Office Memorandum

Advanced Accounting

• Concept of accounting
• Hire Purchase, Installments and Royalties Accounts
• Company accounts
• Accounts of Public Utilities enterprises
• Branch and Departmental accounts
• Cash and funds flow statement, Working capital
• Accounting Standards
• Guidance Notes issued by ICAI
• Accounting Standards of ICAI
• International Public Sector Accounting Standards (IPSAS) of IFAC/IPSAB

Commercial Auditing

• Nature and Principles of Auditing
• Audit of cash transactions: Receipts and Payments
• Verification of assets
• Audit of Financial statements
• Auditing and Assurance Standards of ICAI
• Audit of Public Sector Undertaking
• Cost audit
• Audit of Insurance companies, Electricity and Non-banking Financial companies Introduction to CAAT and usage in auditing
• Companies Act, 1956
• Appointment of statutory and internal auditors, their rights, duties, powers remuneration, joint auditors, branch auditors
• Audit committee: constitution, powers and duties
• Internal audit, Statutory Audit and Government audit
• Corporate Governance
• INTOSAI Guidelines on Internal Control
• ASSOSAI Guidelines for Dealing with Fraud and Corruption

Cost and Management Accountancy

• Elementary Costing
• Cost Accountancy

Financial and Contract Management

• Financial planning and capital structure
• Sources and costs of financing
• Capitalization
• Functions of Chief Financial Officer
• Financial Statement Analysis
• Analysis of Cash Flow and Funds Flow Statement
• Concept of operating & financial leverage
• Budgetary control
• Working Capital Management
• Aspects of management of Sundry Debtors
• Dividend Policy
• International Finance
• Concept of risk
• Derivatives, Option and futures, Bond Valuation
• System of audit of contracts for purchase, construction, turnkey contracts, etc

Computer System-Theory

• Information concepts
• Elements of a Computer, Hardware-Software-Computer Capabilities and Limitations
• Computers and Communication
• Operating System (OS): Concepts, Basic Operations of Windows
• Principles of data security, preventive maintenance and trouble shooting

Computer System – Practical

• Introduction to Windows 98
• An overview of MS Office’97 covering MS-Excel 97, MS Power Point’ 97 and MS-Access’97 and MS-Word 97
• Operating skills in Word Processing Package (MS-Word 97)

Statistics and Statistical sampling

• Introduction to Statistical methods
• Summarization of data
• Measures of Central Tendency
• Measures of Dispersion
• Other statistical Measures
• Elementary Probability Theory
• Statistical Sampling
• Risk Analysis & Audit Sampling

Eligibility Criteria

Degree in Commerce approved by any recognized University is needed by the candidate to apply for this test.

How to Apply?

Applicants can depend on the site www.cag.gov.in to apply for the test.

How to fill the Form?

Applicants should consider the following things while filling the form

• Use block letters
• Specify name as in Degree certificate
• Fill form completely
• Do not leave mandatory fields

Important Dates (Tentative)

[Please note that we only provide tentative dates based on previous years dates. For exact dates related information it is always best to check official websites only.]

Date of Examination: Last Week of November, 2012

List of Section Officer’s Grade Examination for Commercial Audit Branch centers

• Bangalore
• Agartala
• Bhopal
• Ahmedabad
• Bhubaneswar
• Allahabad
• Gorakhpur
• Chandigarh
• Gwalior
• Chennai
• Guwahati
• Dehradun
• Hyderabad
• Gangtok
• Kolkata
• Imphal
• Kohima
• Jaipur
• Lucknow
• Jammu
• Mumbai
• Kochi
• New Delhi
• Madurai
• Pune
• Nagpur
• Rajkot
• Patna
• Shillong
• Ranchi
• Shimla
• Raipur
• Thrissur
• Srinagar
• Thiruvanathapuram

Contact Address for Section Officer’s Grade Examination for Commercial Audit Branch

• Address : The Comptroller & Auditor General of India, Pocket-9, Deen Dayal Upadhyay Marg, New Delhi -110124.
• E-mail: [email protected]
• Website: www.cag.gov.in

Reference Books for Section Officer’s Grade Examination for Commercial Audit Branch

• “O” Level, Module-1, Information Technology by V.K. Jain
• Easy Guide to Windows 95″ by Alan Simpson
• The ABCs of Word 97 by Guy Hart-Davis
• Fundamental of Statistics – Vol.I by Goon, Gupta and Das Gupta
• Sampling Techniques by W. G. Cochran
• Audit Sampling – an introduction by D. M. Guy
• CPWA Code with Appendices- First edition 1993 (Revised)
• Book of Forms referred to in CPWA Code
• Account Code Volume-III
• List of Major and Minor Heads of Account
• Introduction to Accounting by T.S.Grewal
• Principles and Practice of Accountancy by R.L.Gupta and V.K.Gupta
• Financial Accounting by S.N.Maheshwari
• Cost Accounting by Shukla, Grewal and Gupta
• Compendium of Accounting Standards of ICAI
• IFAC hand book of International Public Sector Accounting Board

Coaching Centers for Section Officer’s Grade Examination for Commercial Audit Branch

• Alif Academy
• Centre for coaching & Career Planning
• Coaching and Guidance Centre, AMU
• Crescent career Guidance and Coaching Centre
• Crescent Educational Foundation
• Education and Career Guidance Center (ECGC)
• Noor Jahan Foundation
• The Satisfaction Academy
• The Guide
• Nalanda Centre

Study Plan

Start preparation early and divide topics into small segments. Manage the available time effectively by allocating specific time for each segment. Solve old question papers and take intervals between studying

How and Where To Get the Results?

Results can be checked through the site www.cag.gov.in

Score Validity

Score will be valid till the recruitment process ends.