Para 2.4.2 — MSO (Audit)
Original Rule Text
2.4.2 The Reports of the Comptroller and Auditor General which are to be submitted to the President or the Governor of a State under Article 151 of the Constitution, or to the Administrator of a Union Territory under Section 49 of the Government of the Union Territories Act, 1963, must relate to the totality of the accounts of the Union, State or the Union Territory and should cover not merely all receipts and expenditure but also all accounts of stores and stock because the latter form an important, though subsidiary, part of the accounts. Section 17 of the Act therefore vests in the Comptroller and Auditor General the authority to audit and report on the accounts of stores and stock kept in any office or department of the Union or of the States or of the Union Territories.
# Audit Objectives and Scope
What This Means
The CAG's audit reports submitted to the President, State Governors, or UT Administrators must cover the totality of government accounts, which includes not just cash receipts and expenditure but also stores and stock accounts. Since stores form an important part of overall government accounts, Section 17 of the CAG Act gives the CAG specific authority to audit and report on stores and stock accounts in any office or department at the Union, State, or UT level.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Key Points
- 1CAG's audit reports must cover the totality of government accounts
- 2Stores and stock accounts are an important part of overall accounts
- 3Section 17 of the CAG Act authorizes stores audit specifically
- 4Covers any office or department at Union, State, or UT level
- 5Reports are submitted under Article 151 of the Constitution
- 6Government of Union Territories Act, 1963 covers UT reports
Practical Example
The CAG's annual audit report for Madhya Pradesh includes not only expenditure and revenue findings but also a chapter on stores management. The report highlights that the State PWD had stores worth Rs 850 crore, of which Rs 120 crore was obsolete or unserviceable stock that had not been written off for over 5 years, representing idle public investment.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Frequently Asked Questions
Why are stores accounts considered part of the 'totality' of government accounts?▼
Under which article is the audit report presented?▼
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.