Para 6.4.2 — MSO (Audit)
Original Rule Text
6.4.2 Audit is to be conducted according to the guidelines contained in the ‘Manual of Instructions for the inspection of Public Debt Offices by the Indian Audit and Accounts Department’ issued by the Director General of Audit, Central Revenues, and other guidelines, if any, issued by him. The procedure to be followed for conducting this inspection is also prescribed in this Manual. The instructions contained in paragraphs 3.13.26 and 3.13.27 should also be kept in mind.
# Communication of the Results of Audit
What This Means
The audit of Public Debt Offices must follow the guidelines in the 'Manual of Instructions for the inspection of Public Debt Offices by the Indian Audit and Accounts Department' issued by the Director General of Audit, Central Revenues. The inspection procedure is also prescribed in this manual. Additionally, the instructions in paragraphs 3.13.26 and 3.13.27 of the MSO must be kept in mind.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Key Points
- 1Audit follows the Manual of Instructions issued by DGA, Central Revenues
- 2The same manual prescribes the inspection procedure
- 3Paragraphs 3.13.26 and 3.13.27 of MSO must also be followed
- 4DGA Central Revenues is the issuing authority for PDO audit guidelines
Practical Example
Before an audit party proceeds to inspect the Public Debt Office at RBI Kolkata, the Inspecting Officer reviews the Manual of Instructions issued by the DGA Central Revenues to refresh the team on the prescribed audit methodology, specific records to examine, and the extent of test-checking required for government securities transactions.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Frequently Asked Questions
Who issues the guidelines for auditing Public Debt Offices?▼
Can the AG prescribe their own audit methodology for PDO inspections?▼
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.