Bank audit assesses how collecting banks perform against RBI and CGA parameters — collection methods, settlement timelines with RBI, and accuracy of reporting to PAOs. Since banks are the primary channel for revenue collection, weaknesses in banking processes directly impact government revenue accounting.
Source: CAM Para 17.7
What is the sequence of certification?
Why must Ministerial oral orders be confirmed in writing even when they follow the rules?
Does this rule apply to social media accounts of Ministries as well?
What is the key difference between a D.O. letter and a regular letter?
Who is responsible for keeping the residential address list of Section staff?
This answer is for informational purposes only and does not constitute legal advice. Always refer to the original rules and consult competent authorities for official interpretation.