The Comptroller and Auditor General conducts annual audits of local bodies, including both Urban Local Bodies (ULBs) and Panchayati Raj Institutions (PRIs), using a sampling approach. These audits currently serve as the primary and consistent source of information regarding the financial status and performance of ULBs in India. The ‘ASICS Municipal Finance Brief’ by Janaagraha offers five key insights and recommendations based on an analysis of data extracted from CAG audit reports.

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