Para 20.17 — MSO (A&E)
Original Rule Text
20.17 If the Government so desires, the Accountant General should submit to it a review of the working of treasuries in such form and detail as may be settled mutually. The review will be prepared by the Accountant General (A&E) regarding the audit portion, necessary material for incorporation in the review will be supplied by the Audit Officer to the Accountant General (A&E).
- PART II-DETAILED PROCEDURE IN CONNECTION WITH THE COMMUNICATION OF OBJECTIONS TO EXECUTIVE AND CONROLLING AUTHORITIES
- INTRODUCTORY
What This Means
If the State Government wishes, the AG should submit an annual review of treasury working in a format agreed upon mutually. The AG (A&E) prepares this review, and for the audit-related portions, the AG (Audit) supplies the necessary material. This review helps the government assess how effectively its treasuries are functioning.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Key Points
- 1Annual review of treasury working is submitted if the State Government desires
- 2Format and detail are settled mutually between AG and Government
- 3AG (A&E) prepares the review
- 4AG (Audit) supplies material for audit-related portions
- 5Provides government with an expert assessment of treasury performance
Practical Example
The State Finance Secretary requests an annual review of treasury performance. The AG (A&E) compiles data on timeliness of account submissions, reconciliation status, and deposit balances across all treasuries. The AG (Audit) contributes information on audit objections, irregularities found during treasury inspections, and compliance rates. Together, the review reveals that 8 out of 45 treasuries are consistently late in submitting monthly accounts.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Frequently Asked Questions
Is the annual treasury review mandatory?▼
Who prepares the review?▼
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.