Regulation 163 — Audit Regulations 2020
Original Rule Text
163. General principles of Government accounting
(1) For the purpose of Section 23 of the Act, the Government Accounting Rules, 1990 shall be deemed to be the general principles of Government accounting. (2) All Government departments are required to comply with the general principles of Government accounting. It is the duty of auditors to examine during audit whether these principles are being complied with by all Government Departments.
What This Means
The Government Accounting Rules, 1990 serve as the general principles of government accounting as authorized by Section 23 of the CAG's Act. All government departments are required to comply with these principles. It is the duty of auditors to check during every audit whether these accounting principles are being followed by all government departments. Non-compliance with these principles is an auditable matter.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Key Points
- 1Government Accounting Rules, 1990 are deemed the general principles of government accounting
- 2These rules are authorized under Section 23 of the CAG's Act
- 3All government departments must comply with these accounting principles
- 4Auditors must examine compliance with these principles during every audit
- 5Non-compliance is a finding that must be reported
Practical Example
During a financial audit of the Department of Agriculture, Uttarakhand, the auditor checks whether the department is following the Government Accounting Rules, 1990. The auditor finds that grants-in-aid to farmer cooperatives have been classified under a wrong accounting head, and expenditure on a capital project has been incorrectly booked as revenue expenditure. Both are violations of the Government Accounting Rules and are reported as audit observations.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Frequently Asked Questions
What do the Government Accounting Rules, 1990 cover?▼
Can the government modify these accounting rules without the CAG's involvement?▼
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.