Regulation 73 — Audit Regulations 2020
Original Rule Text
73. Role of Audit Board
The Audit Board shall function in an advisory and recommendatory capacity.
What This Means
The Audit Board operates in an advisory and recommendatory role only. It does not have executive or binding authority. Its recommendations guide the CAG's audit planning, methodology, and report finalization for performance audits of central PSUs, but the final decisions rest with the CAG.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Key Points
- 1Audit Board is purely advisory — it does not have executive authority
- 2Its recommendations are not binding on the CAG or auditable entities
- 3The Board guides performance audit planning, methodology, and reporting
- 4Final audit decisions rest with the CAG
Practical Example
The Audit Board recommends that a performance audit of SAIL should focus on plant modernization expenditure rather than marketing operations. The CAG considers this recommendation but may choose to include both areas in the audit scope. The Board's recommendation shapes the audit but does not dictate it.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Frequently Asked Questions
If the Audit Board is only advisory, what is its practical value?▼
Can the Audit Board's recommendations be overridden?▼
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.