Regulation 35 — Audit Regulations 2020
Original Rule Text
35. Authority of the Comptroller and Auditor General for audit of stores and stock
(1) Section 17 read with Section 2
(e) of the Act authorises the Comptroller and Auditor General to audit and report on the accounts of the stores and the stock kept in any office or department of the Union or of a State or of a Union Territory having a Legislative assembly. (2) Audit of stores and stock encompasses audit of procurement, inventory management, material management etc.
What This Means
Under Section 17 of the DPC Act, the CAG has the authority to audit and report on stores and stock maintained in any government office or department of the Union, States, or Union Territories with legislative assemblies. This audit covers the entire lifecycle of stores — from procurement through inventory management to material management.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Key Points
- 1CAG's authority to audit stores and stock comes from Section 17 read with Section 2(e) of the DPC Act
- 2Covers stores in any government office or department — Union, State, or UT
- 3Encompasses procurement, inventory management, and material management
- 4CAG is required to report on the accounts of stores and stock audited
Practical Example
The CAG audits the stores and stock of the Central Public Works Department (CPWD). The audit covers whether procurement of cement and steel followed the prescribed rules, whether inventory levels were maintained within sanctioned limits, and whether obsolete stock was properly identified and disposed of — all under the authority of Regulation 35.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Frequently Asked Questions
What is covered under 'stores and stock' in this regulation?▼
Does this regulation cover procurement audits?▼
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.