Para 3.11.3 — MSO (Audit)
Original Rule Text
3.11.3 The source documents to be audited are the following:
(i) Plus and minus Memoranda.
(ii) Challans and list of challans to be cross-checked with the plus and minus memoranda
(iii) Challans relating to Transfer Credits.
(iv) Broadsheets maintained by the Accountant General (A&E).
(v) Deposits Register.
(vi) Authority for opening of Deposit Accounts.
(vii) Vouchers relating to Corpus Fund.
(viii) Expenditure sanctions.
(x) Personal Ledger Accounts Ledgers maintained at treasuries.
(xi) The Deposits Module of the VLC database maintained by the Accountant General (A&E) containing details of Personal Ledger Accounts.
- Audit Approach
What This Means
This paragraph lists the source documents that auditors must examine when auditing deposit accounts. These include plus and minus memoranda, challans (payment slips) with cross-checking, transfer credit challans, broadsheets from the A&E Office, deposit registers, authorities for opening accounts, corpus fund vouchers, expenditure sanctions, treasury-maintained Personal Ledger Account ledgers, and the VLC database containing PLA details.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Key Points
- 1Plus and minus memoranda are primary audit documents
- 2Challans must be cross-checked against the memoranda
- 3Broadsheets and deposit registers maintained by AG (A&E) are key references
- 4Authority documents for opening deposit accounts must be examined
- 5VLC database maintained by AG (A&E) contains Personal Ledger Account details
Practical Example
An audit party preparing for a deposit audit collects all the source documents: the monthly plus and minus memoranda, challan lists from the treasury, the broadsheets maintained by the AG (A&E) office, and the register of authorities for opening deposit accounts. They also access the VLC database to pull up details of all active Personal Ledger Accounts for verification.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Frequently Asked Questions
What is a broadsheet in the context of deposit audit?▼
What is the VLC database?▼
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.