Para 3.18.4 — MSO (Audit)
Original Rule Text
3.18.4 Project selection: In the course of audit, a risk analysis of the research projects under each programme in the ministry/department is to be undertaken. Projects involving substantial financial inputs and those that were inordinately delayed, terminated or abandoned should be selected for detailed individual scrutiny. Special emphasis should be placed on projects with a significant applied research component.
What This Means
Auditors should conduct a risk analysis of all research projects within each programme and select the most significant ones for detailed scrutiny. Priority should be given to projects with substantial financial investment, those that were significantly delayed, terminated, or abandoned, and projects with major applied research components.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Key Points
- 1Conduct risk analysis of research projects under each programme
- 2Select high-risk projects for detailed individual scrutiny
- 3Prioritize projects with substantial financial inputs
- 4Focus on inordinately delayed, terminated, or abandoned projects
- 5Give special emphasis to projects with significant applied research component
Practical Example
An auditor reviewing a Department of Biotechnology programme identifies 45 active research projects. Using risk analysis, they select 8 for detailed scrutiny: three with budgets exceeding Rs. 10 crore each, two that were terminated mid-way after spending Rs. 6 crore, two with delays exceeding three years, and one applied research project for developing a malaria vaccine that has consumed Rs. 25 crore with no tangible output yet.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Frequently Asked Questions
Why are applied research projects given special emphasis?▼
How should auditors handle projects that were abandoned?▼
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.