Para 3.13.3 — MSO

3.13.3 Audit of interest payments on the borrowings managed by the Public Debt Offices is divided between the Audit and Accounts Department and the Public Debt office concerned. The former is responsible for ensuring that

(i) the amount of promissory note is correctly stated in the voucher; and

(ii) interest due has not been paid twice for the same half year. In all other respects, and especially in respect of the correctness of interest calculations, income tax deductions and other arithmetical computations, the vouchers are subject to regular examination in Audit. After the Accountant General (Audit) has audited the vouchers, the Accountant General (A&E) forwards these to the Public Debt Office. The Accountant General (Audit) or the Principal Director of Audit concerned also undertakes a test audit of the work done in the Public Debt Offices.