Regulation 124 — Audit Regulations 2020
Original Rule Text
# 124. Inclusion of results of audit in audit report
Where the results of audit of Panchayati Raj institutions and urban local bodies are included in the audit report of the Comptroller and Auditor General and placed before the legislature, the relevant Regulations pertaining to reporting the results of audit and audit reports shall apply.
Regulations on Audit and Accounts 2020
Chapter 10 Guiding Principles of Auditing Standards
What This Means
When audit findings on Panchayati Raj institutions and urban local bodies are significant enough to be included in the CAG's formal audit report and placed before the legislature, all the standard reporting regulations apply. This elevates local body audit findings to the same status as central/state government audit observations, making them part of the legislative accountability process.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Key Points
- 1Significant PRI/ULB audit findings can be included in the CAG's audit report
- 2Once included, standard reporting regulations apply (same as government audit)
- 3Report is placed before the legislature — making it a public accountability document
- 4This is the escalation path from TGS findings to legislative scrutiny
- 5Ensures local body accountability reaches elected representatives
Practical Example
During TGS test-checks, the AG (Audit), Odisha discovers systemic diversion of MGNREGA funds across 200 gram panchayats totaling Rs 150 crore. Given the scale and significance, these findings are included in the CAG's audit report on the Government of Odisha and placed before the Odisha Legislative Assembly. The PAC then examines these findings.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Frequently Asked Questions
How does the AG decide which findings go into the CAG's audit report?▼
Does this make local body officials accountable to the legislature?▼
Which legislature examines these findings — state or central?▼
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.