Para 7.3.14 — MSO (Audit)
Original Rule Text
7.3.14 The Audit Report (Commercial) relating to a State Government, where it is compiled separately, deals with the results of audit of State Government Companies and Statutory Corporations. The layout and contents of the Report will be as indicated in the following paragraphs.
# Chapter–I
What This Means
The State Government Commercial Audit Report, when prepared separately, covers the results of audit of State Government Companies and Statutory Corporations. Its layout and contents follow the structure described in the subsequent paragraphs of the Manual (Paras 7.3.15 onwards), which prescribe the chapter-wise arrangement of the report.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Key Points
- 1State Commercial Audit Reports are prepared separately where applicable
- 2They cover audit results of State Government Companies and Statutory Corporations
- 3Layout and contents follow the structure described in subsequent paragraphs
- 4Chapter-wise arrangement is prescribed in Paras 7.3.15 to 7.3.18
Practical Example
The State of Maharashtra prepares a separate Commercial Audit Report covering its 45 state government companies and 8 statutory corporations. The Accountant General follows the prescribed chapter layout: Chapter I for overview and statistics, Chapter II for company reviews, Chapter III for corporation reviews, and Chapter IV for miscellaneous observations.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Frequently Asked Questions
Do all States prepare a separate Commercial Audit Report?▼
How does the State report differ from the Union report?▼
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.