Para 7.2.15 — MSO (Audit)
Original Rule Text
7.2.15 If, in order to make a collective presentation, whether to controlling authorities or to the Legislature, of
(i) the results of audit; and
(ii) the progress of clearance of audit objections, it is found necessary to express the money value of objections in the relevant records, money columns should be opened therein for this purpose. There are, however, categories of objections that cannot be suitably expressed in monetary terms, or which, if so expressed, do not provide an adequate or fair statement of the degree and extent of deviation from rules. It is permissible, therefore, to omit altogether the money value in certain cases; in other cases, where quantification in monetary terms alone could be misleading, other relevant particulars may be recorded in addition, or the expression of money values may be dispensed with altogether, as may be settled in consultation with the Finance Ministry/Department.
What This Means
When presenting audit results collectively — whether to controlling authorities or the Legislature — it may be necessary to express objections in monetary terms. However, some categories of objections cannot be meaningfully quantified in money, or expressing them purely in monetary terms would be misleading. In such cases, it is permissible to either omit the money value entirely or supplement it with other relevant details, as agreed with the Finance Ministry/Department.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Key Points
- 1Money value columns can be opened in relevant records for collective presentation of audit results
- 2Some objections cannot be suitably expressed in monetary terms
- 3Purely monetary expression of some objections may be misleading or inadequate
- 4Money value can be omitted, or additional qualitative details can be added alongside
- 5The approach should be settled in consultation with the Finance Ministry/Department
Practical Example
An AG is preparing a consolidated report on audit objections for the State Legislature. While most objections (like overpayments of Rs 50 lakh) are easily quantified, an objection about systemic failure to maintain cashbooks cannot be meaningfully expressed as a monetary figure. The AG presents this category with a narrative description alongside the quantified objections, after consulting with the State Finance Department on the appropriate format.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Frequently Asked Questions
Can some audit objections have no money value at all in the records?▼
Who decides whether money value should be omitted or supplemented?▼
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.