Para 4.3.13 — MSO (Audit)
Original Rule Text
4.3.13 Report, if any, on the progress of expenditure on a deposit work accompanying the schedule for transmission to its responsible administrator (vide
Note 2 to Article 230 of the Account Code, Volume III) should be verified during audit. The Accountant General (A&E) will transmit the verified report to the administrator of the work.
- Schedule of Takavi Works
What This Means
If a deposit work's schedule is accompanied by a progress report on expenditure intended for the responsible administrator (the party who deposited the funds), the Central Audit Party must verify this report during audit. After verification, the AG (A&E) will transmit the verified report to the administrator of the work, ensuring the depositing party receives accurate information about how their funds are being used.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Key Points
- 1Progress reports on deposit work expenditure must be verified during audit
- 2These reports are meant for the administrator (depositing party) of the work
- 3The AG (A&E) transmits the verified report to the administrator
- 4This ensures depositing parties receive accurate expenditure information
Practical Example
The PWD division is constructing a hostel building as a deposit work for a state university. Along with the quarterly schedule, the division submits a progress report showing Rs 1.2 crore spent out of Rs 2 crore deposited, with 55% physical progress. The Central Audit Party verifies these figures against the schedule and Works Register entries. After verification, the AG (A&E) office forwards this checked report to the university registrar so the university has reliable, audit-verified information about the construction progress and fund utilization.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Frequently Asked Questions
Why must the progress report be verified before sending to the administrator?▼
Is the progress report mandatory for all deposit works?▼
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.