Para 3.12.1 — MSO
MSO
Original Rule Text
3.12.1 Government is the custodian of Provident Funds, which form a part of the Public Account in Government Accounts. The objective of audit of Provident Funds is to see that:
(i) the accounts of these Funds are maintained properly in accordance with the rules governing them; and
(ii) accumulations in the Funds are utilised/invested in accordance with the provisions of the relevant Acts.