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Audit of Government companies is governed by Section 619 of the Companies Act, 1956. The accounts of Government companies are audited by Statutory Auditors appointed by the Comptroller and Auditor General of India (CAG). These accounts are also subject to supplementary audit conducted by CAG. Audit of Chhattisgarh State
Warehousing Corporation, a Statutory Corporation, is governed by the Warehousing Corporation Act, 1962. As on 31 March 2013, the State of Chhattisgarh had 19 working PSUs (18 companies and one Statutory corporation), which employed 20352 employees. The working PSUs registered a turnover of Rs. 11776.04 crore for 2012-13 as per their latest finalised accounts. This turnover was equal to 7.35 per cent of the State Gross Domestic Product