Para 2.2.2 — MSO

2.2.2 The primary objectives of audit of expenditure are to check whether:

(i) funds have been authorised by the competent authority prescribing the limits within which expenditure can be incurred;

(ii) the expenditure conforms to the relevant provisions of the Act and the Constitution and of the laws made thereunder and is also in accordance with the financial rules and regulations framed by the competent authority;

(iii) either a special or general sanction of the competent authority authorising the expenditure is available; and

(iv) all financial transactions have been correctly recorded in the accounts under examination and have been allocated to the appropriate heads of account.