Regulation 6 — Audit Regulations 2020
Original Rule Text
# 6. Audit Framework
(1) All audits undertaken by the Comptroller and Auditor General, or on his behalf, shall be as per the Constitution of India and the Act. The conduct of such audits shall be within the framework of these Regulations, Auditing Standards, Standing orders, Audit Quality Management Framework, Code of Ethics, Guidelines, Manuals, Guidance Notes, Practice Notes and other instructions issued by the Comptroller and Auditor General.
(2) Documents listed above will be made available on the Comptroller and Auditor General’s website and be regularly updated to give the latest position.
Regulations on Audit and Accounts 2020 9
What This Means
All audits by the CAG must be conducted within a defined framework that starts with the Constitution of India and the DPC Act. Beyond these foundational documents, auditors must follow the CAG's Regulations, Auditing Standards, Standing Orders, Audit Quality Management Framework, Code of Ethics, and various guidelines and manuals. All these documents are published on the CAG's website and kept updated.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Key Points
- 1The Constitution and DPC Act are the foundational sources of audit authority
- 2All CAG audits must follow the prescribed framework of Regulations, Standards, and Guidelines
- 3The Audit Quality Management Framework governs quality assurance of audit work
- 4A Code of Ethics applies to all audit personnel
- 5All framework documents are publicly available on the CAG website and regularly updated
Practical Example
An audit team from the Accountant General's office planning a compliance audit of the Ministry of Railways must first consult the applicable Auditing Standards for compliance audit, follow the Standing Orders for railway audit, adhere to the Code of Ethics regarding independence and objectivity, and apply the Audit Quality Management Framework to ensure their work meets quality benchmarks. All these documents are available on cag.gov.in.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Frequently Asked Questions
Where can I find the complete audit framework documents?▼
What is the hierarchy among these framework documents?▼
Does the audit framework apply to supplementary audits of government companies as well?▼
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.