Para 2.6.15 — MSO

2.6.15 The adequacy of the existing audit arrangements in respect of an institution is to be judged by

(i) the regularity with which it is audited;

(ii) the coverage of such audit,

(iii) the qualifications and expertise of the audit personnel;

(iv) their independence;

(v) the promptness in reporting the audit findings;

(vi) the quality of reporting; and

(vii) the action taken by the authorities to whom the audit findings are reported. Attention of the appropriate authorities should be drawn where the audit arrangements are not adequate and, if need be and permissible, the audit should be taken up by the Comptroller and Auditor General. It is not essential for him to take up detailed audit in cases where the audit arrangements are found to be adequate.