Para 3.17.7 — MSO (Audit)
Original Rule Text
3.17.7 As per existing instructions issued by Ministry of Finance (Department of Economic Affairs), SOE should reach the Accountant General (Audit) by 31st July
following the close of financial year. Implementing agency is to obtain, reconciled and verified SOE from Accountant General (A&E) so that Audit certificate could be issued in time. There should be proper interaction between the Audit and Accounts and Entitlement office to avoid unnecessary delay.
What This Means
The Ministry of Finance requires that the Statement of Expenditure must reach the Accountant General (Audit) by July 31 after the financial year ends. The implementing agency must first get the SOE reconciled and verified by the AG (Accounts & Entitlement). Proper coordination between the Audit and Accounts offices is essential to avoid delays in issuing the audit certificate.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Key Points
- 1SOE must reach AG (Audit) by 31st July after the financial year closes
- 2Implementing agency must get SOE reconciled by AG (A&E) first
- 3Proper interaction between Audit and Accounts offices is essential
- 4Delays often occur due to late submission of SOE by implementing agencies
- 5Ministry of Finance (DEA) sets the deadline
Practical Example
A state education department implementing a World Bank-funded Sarva Shiksha Abhiyan project submits its SOE to the AG (A&E) only in September, well past the July 31 deadline. The AG (Audit) cannot begin certification work until the SOE is reconciled. This delays the audit certificate by four months, which in turn delays the World Bank's reimbursement — the state government then blames the AG's office for the delay.
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 July 31 the deadline?▼
What can the AG do if the implementing agency delays the SOE?▼
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.