Para 6.1.13 — MSO (Audit)
Original Rule Text
6.1.13 Audit planning should also recognise the necessity of professional/technical assistance in complex areas of investigation. Therefore, provision may also be made in the plan for procurement of services of outside experts in the relevant fields, where necessary.
- Use of Risk Assessment Methodology in Audit Planning
What This Means
Audit planning should recognize that some areas of investigation require specialized technical or professional expertise that audit staff may not possess. Therefore, the Annual Audit Plan should include provision for hiring external experts in relevant fields when needed, ensuring that complex subjects receive competent examination.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Key Points
- 1Complex audit areas may require professional or technical expertise beyond audit staff capabilities
- 2The Annual Audit Plan should include provision for procuring external expert services
- 3Experts should be from fields relevant to the specific audit being conducted
- 4This ensures quality and depth in audits of technically complex areas
- 5Examples include IT systems, engineering works, environmental projects, and specialized financial instruments
Practical Example
The AG (Audit) plans to conduct a performance audit of a state's IT infrastructure project worth Rs 500 crore. Recognizing that auditors lack deep IT expertise, the annual plan includes a provision to engage an independent IT consultant who can assess whether the technical specifications were met, whether the hardware procurement was at market rates, and whether the system is actually delivering the intended services.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Frequently Asked Questions
Who decides whether external expertise is needed?▼
How are external experts procured?▼
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.