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Questions and Answers
Under which power of the C&AG of India was the Regulation on Audit and Accounts made?
Under which power of the C&AG of India was the Regulation on Audit and Accounts made?
In which year were the Regulation on Audit and Accounts made by the C&AG of India?
In which year were the Regulation on Audit and Accounts made by the C&AG of India?
To which of the following entities does the Regulation of Audit & Accounts apply?
To which of the following entities does the Regulation of Audit & Accounts apply?
What is meant by the term 'Audit Department' or 'Audit Institution'?
What is meant by the term 'Audit Department' or 'Audit Institution'?
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What is the Audit Board according to the Regulation?
What is the Audit Board according to the Regulation?
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What is an 'Audit entity' according to the Regulation?
What is an 'Audit entity' according to the Regulation?
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What is an 'Audit mandate' according to the Regulation?
What is an 'Audit mandate' according to the Regulation?
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What is an 'Audit note' according to the Regulation?
What is an 'Audit note' according to the Regulation?
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Study Notes
Regulation on Audit and Accounts
- The Regulation on Audit and Accounts was made by the C&AG of India under the powers conferred on him by Section 20 of the C&AGs (DPC) Act, 1971.
- The Regulation was made in the year 2007.
Scope of Regulation
- The Regulation on Audit and Accounts applies to:
- Officers and staff of IA&AD
- All Ministries and Departments of the Union/State/Union Territory Governments
- Bodies, Authorities, and Enterprises to which the audit or accounts jurisdiction of the C&AG of India extends
- All of the above
Definitions
- Audit Department or Audit Institution: The offices of the IA&AD under C&AG of India responsible for audit under the Constitution and the Act.
- Audit Board: The Audit Board constituted by the C&AG for performance audits of Central Public Sector Undertakings.
- Audit Entity: An office, authority, body, company, corporation, or any other entity subject to audit by the C&AG of India.
- Audit Mandate: The authority of the C&AG of India for audit under the Constitution of India and the Act, including audit entrusted by the Government under the Act.
- Audit Memorandum: A memorandum or letter issued during the course of audit for eliciting information, confirmation of facts, or any other matter considered necessary by the Audit Officer conducting the audit.
- Audit Note: A note issued by an Audit office containing the result of audit with respect to data, information, or documents available in an Audit or Accounts office.
- Audit Office: An office of the C&AG of India responsible for audit.
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Description
Quiz on the Regulations on Audit and Accounts made by the Comptroller and Auditor General of India, including the year of implementation and applicability.
