Regulation 75 — Audit Regulations 2020
Original Rule Text
75. Discretion of Audit Board to confine itself to selection of topics
The Audit Board may at its discretion confine itself to making recommendations for the selection of topics for performance audit and the audit may, thereafter, be conducted by the Accountant General (Audit) without any further reference to the Audit Board.
What This Means
The Audit Board has the flexibility to limit its involvement to just recommending topics for performance audit. Once topics are selected, the actual audit can be conducted by the Accountant General (Audit) independently without further reference back to the Board. This allows the Board to focus on strategic topic selection when it chooses, rather than being involved in every stage of every audit.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Key Points
- 1Audit Board may choose to only recommend topics for performance audit
- 2After topic selection, the AG (Audit) can conduct the audit independently
- 3No further reference to the Board is needed after topic recommendation
- 4This gives the Board discretion to choose its level of involvement
- 5Allows the Board to focus on strategic oversight rather than operational details
Practical Example
At its annual planning meeting, the Audit Board reviews the performance landscape of central PSUs and recommends three topics: (1) renewable energy investments by NTPC, (2) digital transformation in SBI, and (3) pipeline safety in GAIL. Having made these recommendations, the Board steps back, and the respective AG (Audit) offices plan and execute these performance audits independently.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Frequently Asked Questions
Does this mean the Audit Board might not review the draft performance audit report?▼
When would the Board choose to be more involved versus just selecting topics?▼
Can the AG (Audit) modify the topic recommended by the Board?▼
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.