Para 6.4.3 — MSO (Audit)
Original Rule Text
6.4.3 The results of the inspection should be set forth in an inspection report which will be in three parts as prescribed in paragraph 6.1.20. The Accountant General concerned should forward copies of the Inspection Reports to the Public Debt Office concerned, the Central Office and Central Debt Section of the Reserve Bank of India at Bombay, the Governments concerned, the Director General of Audit, Central Revenues, and all State Accountants General (Audit). The Director General of Audit, Central Revenues, will be responsible for the coordination of the Reports in respect of various Public Debt Offices while the Accountant General who conducted the audit will be responsible for settlement of the objections.
- SECTION–VII Results of Audit Chapter–1 Raising and Pursuance of Objections
- Introduction
What This Means
The inspection results for Public Debt Offices are reported in a three-part Inspection Report as prescribed in Para 6.1.20. Copies must be sent to the PDO itself, RBI's Central Office, RBI's Central Debt Section in Bombay, the concerned Governments, the DGA Central Revenues, and all State AGs (Audit). The DGA Central Revenues coordinates reports across all PDOs while the conducting AG is responsible for settling the objections.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Key Points
- 1Inspection Report follows three-part format from Para 6.1.20
- 2Copies go to PDO, RBI Central Office, Central Debt Section (Bombay), Governments, DGA CR, and all State AGs (Audit)
- 3DGA Central Revenues coordinates reports across all PDOs nationally
- 4The AG who conducted the audit is responsible for settlement of objections
Practical Example
After inspecting the PDO at RBI Chennai, the AG (Audit) Tamil Nadu prepares the three-part Inspection Report. Copies are sent to the PDO, RBI's Central Office in Mumbai, the Central Debt Section, the Government of Tamil Nadu, the Government of India, the DGA Central Revenues, and all other State AGs (Audit). The DGA Central Revenues reviews reports from all PDOs across India for common issues, while AG Tamil Nadu follows up on settlement of the specific objections raised.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Frequently Asked Questions
Why are copies sent to all State AGs (Audit)?▼
What is the difference between coordination and settlement responsibilities?▼
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.