Regulation 116 — Audit Regulations 2020
Original Rule Text
116. Audit of corporations set up by State and UT legislatures and other entrustment audits
The provisions contained in Section
(d) of this Chapter shall apply mutatis mutandis to the extent relevant to corporations set up by law made by State legislature and Union Territory legislature and other bodies and authorities, audit of which has been entrusted to the Comptroller and Auditor General under Section 19(3) and Section 20 of the Act.
Regulations on Audit and Accounts 2020 62
Chapter 9 Role of the Comptroller and Auditor General in audit of Panchayati Raj Institutions and Urban Local Bodies
What This Means
The procedures laid out in Section (d) of this Chapter — covering audit of central corporations — also apply (with necessary modifications) to state-law corporations, UT-law corporations, and other bodies whose audit has been entrusted to the CAG under Section 19(3) or Section 20. This avoids duplicating rules and ensures consistent audit practices across all entrusted audits.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Key Points
- 1Section (d) procedures for central corporations apply mutatis mutandis to state/UT corporations
- 2Also applies to any body entrusted under Section 19(3) or Section 20
- 3'Mutatis mutandis' means with necessary modifications for the specific context
- 4Avoids creating separate procedures for state-level entrustment audits
- 5Ensures uniform audit standards across central and state corporation audits
Practical Example
The CAG is entrusted with auditing the Karnataka State Road Transport Corporation under Section 19(3). Instead of creating separate procedures, the AG (Audit) applies the same audit certificate process (Regulations 100-107) that governs central corporations, adjusted for state-level reporting — e.g., the report goes to the state government and is tabled in the Karnataka Legislature, not Parliament.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Frequently Asked Questions
What does 'mutatis mutandis' mean in practice?▼
Does this cover all regulations in Section (d) or only some?▼
What chapter comes next after this regulation?▼
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.