Para 1.1.20 — MSO (Audit)
Original Rule Text
1.1.20 The Comptroller and Auditor General is also authorised under Section 24 of the Act to dispense with, when circumstances so warrant, any part of detailed audit of any account or class of transactions and to apply such limited checks in relation to such accounts or transactions as he may determine. The provisions in the Memorandum of Secret Instructions regarding the extent of audit and other circulars issued from time to time under the authority of the Comptroller and Auditor General on the quantum and extent of audit derive their authority from this Section of the Act.
- Duties of Indian Audit and Accounts Department
What This Means
Under Section 24 of the CAG Act, the CAG can decide to skip detailed audit of certain accounts or types of transactions when circumstances warrant it, and apply limited checks instead. The instructions in the Memorandum of Secret Instructions about audit extent, and related circulars, are issued under this authority.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Key Points
- 1Section 24 allows CAG to dispense with detailed audit when circumstances warrant
- 2CAG can apply limited or selective checks instead of full detailed audit
- 3The Memorandum of Secret Instructions on audit quantum derives from this section
- 4Related circulars on audit extent are also issued under this authority
Practical Example
For a small post office handling routine transactions, the CAG might decide that checking every single money order payment is unnecessary. Instead, the audit team applies a 10% sample check as prescribed in the circulars issued under Section 24, focusing detailed scrutiny on high-value or unusual transactions.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Frequently Asked Questions
Can the CAG skip auditing some transactions entirely?▼
What is the Memorandum of Secret Instructions?▼
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.