Para 4.3.3 — MSO (Audit)
Original Rule Text
4.3.3 In the course of audit of the monthly accounts and supporting documents, the Central Audit Parties need not again undertake checks already exercised on these documents by the Accounts and Entitlement Office. The important checks to be exercised by the former on the monthly accounts and various documents accompanying them are indicated in the following paragraphs. The Accountant General (Audit) concerned may prescribe any other checks to be exercised in addition to these, depending on the local conditions prevailing in each State.
# Audit Approach
What This Means
When auditing monthly accounts and supporting documents, Central Audit Parties should not repeat checks that have already been done by the Accounts and Entitlement Office. The important additional checks to be performed by the audit parties are described in subsequent paragraphs. The Accountant General (Audit) may prescribe further checks based on local conditions in each State.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Key Points
- 1Central Audit Parties should not duplicate checks already done by A&E Office
- 2Key checks for audit parties are outlined in the following paragraphs of this chapter
- 3Accountant General (Audit) may prescribe additional checks based on local conditions
- 4This prevents duplication of effort while ensuring comprehensive audit coverage
Practical Example
A Central Audit Party begins auditing a division's monthly accounts. The A&E Office has already verified the arithmetic accuracy of the schedules and classified the transactions. The audit party therefore focuses on checking sanctions, financial propriety, and compliance with rules rather than recalculating figures that have already been verified.
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 the A&E Office?▼
Can additional checks be prescribed beyond what is listed?▼
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.