Para 3.5.4 — MSO (Audit)
Original Rule Text
3.5.4 In order to identify the bodies and authorities that attract audit under Sections 14 and 15 of the Act, Governments and Heads of Departments are required to furnish to Audit every year detailed information about the financial assistance given to various institutions, the purpose
(s) for which the assistance was sanctioned and the total expenditure of the institutions.
What This Means
To identify which organizations are subject to audit under Sections 14 and 15 of the CAG's DPC Act, governments and heads of departments must provide the Accountant General with annual information about financial assistance given to various institutions. This information includes the amounts, purposes of assistance, and total expenditure of each institution, allowing audit to determine which bodies fall within its jurisdiction.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Key Points
- 1Governments and heads of departments must furnish annual information to audit
- 2Information covers financial assistance to various institutions
- 3Details include purpose of assistance and total expenditure of institutions
- 4This helps identify bodies subject to audit under Sections 14 and 15 of the DPC Act
- 5The information must be provided every year to keep the audit universe current
Practical Example
The Department of Social Welfare provided a list to the AG (Audit) showing that NGO 'Rural Uplift Trust' received Rs 1.5 crore in grants (exceeding Rs 25 lakh threshold) with total expenditure of Rs 3 crore. Based on this information, audit determined the trust was subject to audit under Section 14 of the DPC Act since government funding constituted more than 75% of its expenditure.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Frequently Asked Questions
What are Sections 14 and 15 of the DPC Act?▼
What happens if a department fails to provide this information?▼
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.