Finance Ministry

Settlement of audit objections in Ministries-Departments. JS level Committee to be set up to settle outstanding Inspection Reports & Audit Paras

F.No. 12(10)/E-Coord/2016
Government of India
Ministry of Finance
Department of Expenditure

Lok Nayak Bhavan, New Delhi
Dated the 10th August 2016

OFFlCE MEMORANDUM

Subject: Settlement of audit objections- formation of Committee.

It has been brought to the notice of this Ministry that a large number of Inspection Reports (IRs) /Audit Paras are pending with Ministries/Departments where even the first reply has not been fururnished to Audit.

2. As per C&AG Regulations 197, the replies to observations raised in Inspection Reports are to be furnished within four weeks of Where it is not feasible to furnish the final replies to some of the observations within the time line, interim reply may be given indicating likely elate of final reply. Timely settlement of audit objections is important as it involves taking remedial actions as well as streamlining of procedures.

3. Accordingly, in supersession of this Department’s M. No. 12(9)/E-Coord/84 dated 1.1.1985 on the above mentioned subject, it has been decided that every Ministry/Department will set up a Committee at JS level as Chairman and Under Secretary(Administration), Under Secretary (IFU) and DDO as member to settle the outstanding Inspection Reports & Audit Paras. The Committee may co-opt one member, if required, from the Division concerned with the IR/Audit Para. The Committee will meet as frequently as required to settle the audit objections.

4. Ministries/Departments are requested to ensure that IRs/Audit paras are attended to promptly so that they are not converted into full fledged audit paras.

5. This issues with the approval of Joint Secretary (Pers).

(R.K.Kureel)
Deputy Setretary to the Government of India

Share

Recent Posts

  • Income Tax

Form 26 to replace Form 3CD of tax audit report by a CA from Tax Year 2026-27

Form 26 to replace Form 3CD of tax audit report from Tax Year 2026-27 Draft Form 26 has been issued…

6 hours ago
  • Income Tax

When no addition is made on the basis of reasons recorded, reopening is bad in law

When AO do not make any addition on the basis of the reasons on which the reopening was done, the…

8 hours ago
  • Insurance

No separate compensation for loss of love and affection under MV Act – SC

Under MV Act separate compensation can not be granted under the head “loss of love and affection” – Supreme Court…

1 day ago
  • Income Tax

Trust accredited by National Open School eligible for registration u/s 12AB & u/s 80G

Trust accredited by National Institute of Open Schooling eligible for registration u/s.12AB and u/s 80G of the Act. In a…

1 day ago
  • Income Tax

Delay in furnishing Form 10B – Covid Period to be excluded as per decision of Supreme Court

Delay in furnishing Form 10B – Period between 15.03.2020 till 20.08.2022 to be excluded as per decision of Hon'ble Supreme…

3 days ago
  • Income Tax

Section 271AAB does not grant any immunity from penalty in terms of section 273B

Section 271AAB does not grant any immunity from penalty even if the assessee was able to show some reasonable cause…

3 days ago