Social audit is a process of reviewing official records and determining whether state reported expenditures reflect the actual monies spent on the ground.
[1] Civil society organisations (CSOs), Non-governmental organization (NGOs), political representatives, civil servants and workers of Dungarpur district of Rajasthan and Anantapuram district of Andhra Pradesh collectively organise such social audits to prevent mass corruption under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA).
[citation needed] The CAG is ranked 9th and enjoys the same status as a judge of Supreme Court of India in Indian order of precedence.
[4] It prescribes the qualifications for a Chartered Accountant, conducts the requisite examinations and grants license in the form of Certificate of Practice.
In response to this, Ministry of Finance has suggested that ICAI take a lead and help the government in implementing Goods and Services Tax (GST).