Para 3.17.6 — MSO (Audit)
Original Rule Text
3.17.6 While issuing audit certificate, it should be ensured that the expenditure is incurred for the purpose it is meant and conforms to the procedure and terms and conditions of agreement and Government of India’s instructions. All objections raised during local audit should also be mentioned in the Audit Certificate (Proforma as per Annexure) duly signed by Group Officer.
What This Means
When issuing the audit certificate for a World Bank project, the auditor must verify that all expenditure was incurred for its intended purpose and followed the loan agreement procedures and Government of India's instructions. Any objections raised during local audit must be mentioned in the certificate, which must follow the prescribed proforma and be signed by the Group Officer.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Key Points
- 1Expenditure must match its sanctioned purpose
- 2Spending must conform to loan agreement procedures and terms
- 3Government of India instructions must also be followed
- 4All local audit objections must be mentioned in the certificate
- 5Certificate must follow the prescribed proforma (Annexure format)
- 6Must be signed by the Group Officer
Practical Example
The AG (Audit) office is issuing the audit certificate for a World Bank-funded irrigation project. Local audit had raised objections about Rs. 2.5 crore spent on items outside the approved project components and Rs. 80 lakh in excess rates paid to contractors. The Group Officer ensures both objections are specifically mentioned in the audit certificate before signing it on the prescribed proforma.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Frequently Asked Questions
Who is the Group Officer who signs the certificate?▼
What happens if local audit raised no objections?▼
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.