Para 4.3.2 — MSO (Audit)
Original Rule Text
4.3.2 It is an important function of Audit to see, as far as possible during Central Audit, and during local audit that the balance relating to each individual item, work, or job is kept distinctly and correctly and that the balances of several items relating to each head of account make up the aggregate balance recorded under that head. The accuracy of the details leading to the balance under each balanced head of account is verified according to the rules applicable to each case by the Office of the Accountant General (A&E) by maintaining broadsheets for each such head as provided in paragraph 8.30 of the Manual of Standing Orders (Accounts and Entitlements), Volume-I.
What This Means
Audit must ensure that the balance for each individual item, work, or job is recorded separately and accurately. The balances of individual items under each head of account should add up to the total balance shown for that head. The Accountant General (A&E) office verifies these details using broadsheets maintained for each balanced head of account.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Key Points
- 1Each item, work, or job must have its balance kept distinctly and correctly
- 2Individual balances must aggregate to the total balance under each account head
- 3Verification is done during both Central Audit and local audit
- 4Broadsheets are maintained by AG (A&E) office for each balanced head of account
- 5Rules for accuracy verification are specific to each case
Practical Example
During audit of a PWD division, the auditor checks that the balance shown for 'Works in Progress' equals the sum of balances for each individual construction project listed under that head. If a road project shows Rs 5 lakh, a bridge project shows Rs 3 lakh, and a building shows Rs 2 lakh, the total under that head must be Rs 10 lakh.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Frequently Asked Questions
What is a broadsheet in this context?▼
When is this verification carried out?▼
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.