Para 3.16.13 — MSO (Audit)
Original Rule Text
3.16.13 Some of the main points, which should be specially looked into while conducting audit of the annual accounts are explained in the following paragraphs. They are in no way to be taken as exhaustive, and may be supplemented by more detailed scrutiny, wherever necessary.
- Finance Accounts
What This Means
This para introduces the main points that auditors should specially examine while auditing annual government accounts. These points are elaborated in the following paragraphs and should not be treated as an exhaustive list -- auditors may conduct more detailed scrutiny wherever they consider it necessary.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Key Points
- 1Specific points for checking during annual accounts audit are outlined in subsequent paragraphs
- 2The listed points are not exhaustive and can be supplemented by additional scrutiny
- 3Auditors should exercise judgment on where deeper examination is needed
- 4This para serves as an introduction to the detailed checks that follow
Practical Example
An auditor begins certification audit of a State's Finance Accounts. She refers to Para 3.16.13 and the subsequent paras for the standard checklist -- verifying debt figures, investment balances, deposit accounts, suspense clearances, etc. However, she also notices unusual growth in the 'Miscellaneous Capital Receipts' head not covered in the standard checklist. She exercises her judgment to probe this further, discovering misclassified revenue receipts, and includes this as an additional observation beyond the prescribed checks.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Frequently Asked Questions
Why is this list not exhaustive?▼
What types of accounts are covered by this audit?▼
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.