Para 7.3.4 — MSO (Audit)
Original Rule Text
7.3.4 The Appropriation Accounts deal with the expenditure for a financial year ending on 31st March. Besides dealing with audit of transactions brought to account up to the end of the financial year to which the Appropriation Accounts relate, the Report also includes
(i) cases that came to notice in earlier years but could not be dealt with in the Reports pertaining to those years; and
(ii) matters arising from transactions pertaining to a later year considered important for appreciation by the Legislature.
What This Means
Appropriation Accounts cover government expenditure for the financial year ending March 31st. The CAG's Audit Report on these accounts covers transactions up to that date, but it can also include cases from earlier years that were not reported previously, and important matters from later years if they are relevant for the Legislature to know about.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Key Points
- 1Appropriation Accounts deal with expenditure for the financial year ending 31st March
- 2The Report covers audit of transactions brought to account up to the end of that year
- 3Cases from earlier years that were missed can be included in the current Report
- 4Important matters from later years can also be included for legislative appreciation
Practical Example
During the audit for FY 2024-25, the Accountant General discovers a significant overpayment that occurred in FY 2023-24 but was not included in last year's report. This finding is included in the current year's Audit Report along with a contract irregularity from FY 2025-26 that is considered urgent enough for parliamentary attention.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Frequently Asked Questions
Can audit findings from previous years be included in the current Audit Report?▼
Can the Audit Report include observations from a later financial year?▼
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.