World Bank2014-08-192014-08-192006-06https://hdl.handle.net/10986/19444This study on financial accountability systems of selected state level power sector entities for India examines and highlights systemic issues of accounting, financial reporting, auditing, disclosure practices as well as capacity and policy gaps in state power sector entities. Sustainable recommendations have been developed to remove roadblocks and strengthen financial management, reporting and disclosure practices. Review and analysis of public material, financial statements, surveys and discussions with stakeholders have been used to understand operational practices and to report on the level of subsidies and return on investment. Finally, the study focuses on consensus building with stakeholders on key issues and solutions. The purpose of the recommendations is to advise the Bank and stakeholders, feeding into the Country Assistance Strategy (CAS), on the quality of corporate governance, reporting and management answerability for public investment ' in the power sector.en-USCC BY 3.0 IGOACCOUNTACCOUNTABILITYACCOUNTANTSACCOUNTINGACCOUNTING POLICIESACCOUNTING PRACTICESACCOUNTING PRINCIPLESACCOUNTING STANDARDSACCOUNTSAUDIT COMMITTEESAUDIT REPORTSAUDITED ACCOUNTSAUDITED FINANCIAL STATEMENTSAUDITINGAUDITING PROFESSIONAUDITING STANDARDSAUDITORS REPORTSAUDITSAUTHORITYCADRESCENTRAL GOVERNMENTCENTRAL GOVERNMENTSCONSENSUSCORPORATE GOVERNANCECUSTOMER SERVICEDECISION MAKINGDECISION-MAKINGDEPRECIATIONDISCLOSUREELECTRICITYFINANCIAL ACCOUNTABILITYFINANCIAL ACCOUNTINGFINANCIAL CONTROLFINANCIAL DISCIPLINEFINANCIAL INFORMATIONFINANCIAL INSTITUTIONSFINANCIAL MANAGEMENTFINANCIAL PERFORMANCEFINANCIAL POLICIESFINANCIAL REPORTINGFINANCIAL STATEMENTSFISCAL SITUATIONGENERALLY ACCEPTED ACCOUNTING PRINCIPLESGOVERNMENT COMPANYGOVERNMENT DEPARTMENTSGOVERNMENT LEVELGOVERNMENT RESOURCESGOVERNMENT SUBSIDYHUMAN RESOURCEHUMAN RESOURCE MANAGEMENTHUMAN RESOURCESINSTITUTIONAL CAPACITYINSTITUTIONAL FRAMEWORKINSTITUTIONAL REFORMSINTEREST COSTSINTERNAL AUDITINTERNAL AUDIT FUNCTIONINTERNAL AUDITINGINTERNAL AUDITORSLEGISLATIONLEGISLATIVE ACTSLICENSESOVERHEADPOLITICAL INTERFERENCEPRIVATE SECTORPROCUREMENTPROVISIONINGPROVISIONSPUBLICPUBLIC FUNDSPUBLIC INVESTMENTPUBLIC SECTORPUBLIC SERVICEREGULATORY REQUIREMENTSREPORTINGSTATE GOVERNMENTSTATE POWERSTATE SUBSIDIESSTATUTORY AUDITORSSTREETSTRANSPARENCYUTILITIES10.1596/19444