Regulation 72 — Audit Regulations 2020
Original Rule Text
72. Constitution of Audit Board
The Deputy Comptroller and Auditor General (Commercial) shall be the Chairperson of the Audit Board, which shall include, as members, senior officers of the Indian Audit and Accounts Department as notified from time to time. One or two technical experts in the related field appointed by the administrative ministry in consultation with the Comptroller and Auditor General may be co-opted as special invitees. An officer shall be appointed to act as Secretary to the Audit Board.
What This Means
The Audit Board is chaired by the Deputy Comptroller and Auditor General (Commercial) and includes senior officers from the Indian Audit and Accounts Department. One or two technical experts from the relevant field may be co-opted as special invitees — these experts are appointed by the administrative ministry in consultation with the CAG. A designated officer serves as Secretary to the Board.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Key Points
- 1Chairperson is the Deputy CAG (Commercial)
- 2Members are senior officers of the Indian Audit and Accounts Department
- 3Technical experts (1-2) may be co-opted as special invitees
- 4Experts are appointed by the administrative ministry in consultation with CAG
- 5A Secretary is appointed to manage Board proceedings
- 6Membership is notified from time to time
Practical Example
For a performance audit of central PSUs in the steel sector, the Audit Board comprises the Dy. CAG (Commercial) as Chair, three senior IAAD officers as members, and a metallurgy expert nominated by the Ministry of Steel in consultation with CAG as a special invitee. The special invitee provides technical insights into steel production processes and industry benchmarks that help the audit team frame meaningful audit criteria.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Frequently Asked Questions
Why are technical experts included as 'special invitees' and not full members?▼
Can the company being audited have representation on the Audit Board?▼
Who appoints the Secretary to the Audit Board?▼
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.