This year Staff Selection Commission (SSC) has included the post of Assistant Audit Officer(AAO) in Indian Accounts Department under CAG in the scheme of Combined Graduate Level (CGL) Examination 2016.
Assistant Audit Officer is the only Gazetted officer post in SSC CGL 2016. It is a Group-B Gazetted Officer Post.
Post Code: F
Post Name: Assistant Audit Officer
AAO Vacancy in SSC CGL 2016 for : 1000 Posts
UR-505 OBC-270 SC-150 ST-75
AAO Job Profile:
The basic duty of an AAO is to audit the accounts of Central government, State Governments, Public Sector organisations and other Corporations. Audit means an official inspection of an organization’s accounts. An AAO needs to assist the audit officer and Senior Audit officer in conducting various departmental audits. The audit involves various financial and economic aspects and the performance and adherence of various organizations and departments.
Qualifications For AAO:
a) Essential Qualifications: Bachelor’s Degree from a recognized University or Institute.
b) Desirable Qualifications for the Post of Assistant Audit Officer: Chartered Accountant or cost & Management Accountant or Company Secretary or Masters in Commerce or Masters in Business Studies or Masters in Business Administration (Finance) or Masters in Business Economics.
Those who apply for the post of Assistant Audit officer will have to appear for an additional paper in SSC CGL namely General studies (Finance and Economics). The combined marks of tier I, tier II and this third paper will be used for recruiting the candidates. So the total marks will be 800.
Those who do not possess the desirable qualification can also apply for the post of AAO. So B.Tech, BSc, and other Bachelor’s degree candidates can also apply for the post but they need to prepare well for the Finance and Economics paper in order for crossing the cutoff.
Syllabus for Finance and Economics Paper (200 Marks):
The paper consists of two parts
Part A: Finance and Accounts-(80 marks)
Part B: Economics and Governance-(120 marks)
Important Topics to study for Finance and Economics paper:
- Fundamental principles and the basic concept of Accounting.
- Financial Accounting
- Comptroller & Auditor General of India- Constitutional provisions, Role, and responsibility
- Finance Commission-Role and functions
- Basic Concept of Economics and introduction to Micro Economics
- Theory of Demand and Supply
- Theory of Production and cost
- Forms of Market and price determination in different markets
- Indian Economy
- Economic Reforms in India
- Money and Banking
- Role of Information Technology in Governance
Recommended Books for Paper-IV GS(Finance and Economics) for AAO:
Lawpoint’s Competitive Solutions General Studies(Finance and Economics ) with notes and MCQs for SSC CGL.
1.Indian Economy by Ramesh Singh
2.Accounting and Finance for Bankers’ by Macmillan Education