Para 3.11.5 — MSO (Audit)
Original Rule Text
3.11.5 Treasuries and departmental offices, on the other hand, maintain accounts of receipts and payments in respect of all kinds of deposits. It will, therefore, be necessary to exercise many of the audit checks in local audit, instructions relating to which are dealt with later in this chapter, in addition to certain audit checks to be exercised in central audit. Checks relating to deposits such as unclaimed Provident Fund deposits, the detailed
accounts of which are maintained in the A&E office should, however, be exercised only in Central Audit.
- Issues for audit scrutiny
# Receipt and repayment or withdrawal of deposits
What This Means
Treasuries and departmental offices maintain their own accounts of deposit receipts and payments, so many audit checks must be done during local audit (at the treasury or office level) in addition to central audit. However, certain deposits like unclaimed Provident Fund deposits, whose detailed accounts are kept in the A&E office, should only be checked in central audit. The chapter provides detailed instructions for both local and central audit checks.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Key Points
- 1Treasuries and departmental offices maintain separate deposit accounts
- 2Both local audit and central audit checks are necessary
- 3Local audit covers checks at the treasury/departmental office level
- 4Unclaimed Provident Fund deposits are checked only in central audit
- 5Central audit is conducted at the A&E Office level
Practical Example
An audit team visiting a district treasury conducts local audit of revenue deposits and court deposits, checking registers, vouchers, and reconciliation. However, they do not audit unclaimed Provident Fund deposits at the treasury because those detailed accounts are maintained at the AG (A&E) office and will be audited centrally.
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 some deposit checks done locally and others centrally?▼
Can unclaimed PF deposits be audited during local audit?▼
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.