Para 7.3.61 — MSO (Audit)
Original Rule Text
7.3.61 Separate Audit Reports should be prepared on the accounts of statutory corporations, autonomous bodies, etc. where the relevant Acts provide for the audit and the certification of their accounts by the Comptroller and Auditor General or by any other person appointed by him in this behalf.
What This Means
Separate Audit Reports must be prepared for statutory corporations, autonomous bodies, and similar entities where the relevant Act provides for their accounts to be audited and certified by the CAG or a person appointed by the CAG. These are distinct from the main government Audit Reports.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Key Points
- 1Separate Audit Reports required for statutory corporations and autonomous bodies
- 2Applicable where the relevant Act provides for CAG audit and certification
- 3The CAG or a person appointed by the CAG conducts the audit
- 4These reports are distinct from the regular government Audit Reports
Practical Example
The Indian Council of Agricultural Research (ICAR) is an autonomous body whose enabling Act requires CAG audit. The AG prepares a separate Audit Report specifically for ICAR's accounts, distinct from the Union Government Civil Audit Report. This separate report is then sent to the government for tabling before Parliament.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Frequently Asked Questions
Which entities require separate Audit Reports?▼
Can findings about autonomous bodies be included in the regular government Audit Report?▼
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.