RIL welcomes CAG’s withdrawal of Performance audit on private operators

November 8, 2012

Reliance Industries Ltd (RIL) conveyed that it has no objection to an audit by any government agency. The company appreciated India’s national auditor Comptroller and Auditor General of India (CAG) decision of not conducting performance audit of RIL-operated Krishna-Godavari oil and gas block off Andhra Pradesh coast. The CAG had said it does not conduct performance audit on private operators.

However,CAG also made it clear that audit of Reliance Industries-operated Krishna-Godavari (KG) oil and gas block off Andhra Pradesh coast has to be a performance audit and not just a financial one.

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