Audit Planning:
Audit Mandate
As per C&AG’s (Duties, Power and Conditions of services) Act, 1971:
- Audit of Missions/Posts under section 13 and 16.
- Autonomous bodies, under section 20 (1).
- Units of PSUs, under section 19 (1).
The Annual Audit Plan (AAP) for the respective years are being prepared on the basis of the information provided by the respective auditee entities and a comprehensive review of various risk parameters involving expenditure, revenue, staff strength, audit perception, etc.
In respect of overseas units of the PSUs, the data is sought from the erstwhile Member Audit Boards (MAB) offices, as they are the principal auditor of these PSUs. These commercial offices do the risk assessment of these units and send the audit proposal to IAO, Washington DC. Thereafter, these units are undertaken for audit along with the audits of the respective Missions/Posts.
Audit Execution
Audit Products:
The Audit products primarily associated with this office are Audit observations, Local Audit Reports (LARs), Draft Paragraphs and Thematic Audits.
Consequent upon taking up the audit of a unit under jurisdiction, the office requisitions relevant records and documents. Thereafter, based upon the issues at hand and the replies of the auditee units thereon, an LAR is issued to the auditee unit.
Audit Reporting:
The LAR is issued to the Auditee entity (Missions/Posts/PSUs/etc.) along with a copy to administrative Ministry. In respect of the overseas units of the PSUs, the LAR is issued to the unit and also reported to the Principal Auditor in IA&AD.
*EAIR may please be considered as LAR(Local Audit Report).
