Audit Manual - Core Treasury System Uttarakhand

Government of Uttarakhand
Audit Manual
Sr No. Term Meaning
22 Charged Appropriation
Sums required to meet charged expenditure as specified in the schedule to an Appropriation Act passed under Article 204 of the
Constitution, during the financial year concerned, on the services and purposes covered by the 'Charged Appropriation.' It does
not include provisions for voted expenditure
23 Charged expenditure Such expenditure as is not to be submitted to the vote of the Legislative Assembly under the provisions of the Constitution
24 Competent Authority The authority that has been authorized by rules, procedures, Government order
Compliance audit examines the transactions relating to expenditure ,receipts, assets and liabilities of government for compliance
with:
(1) the provisions of the constitution of india and the applicable laws; and
25 Compliance audit
(2) the rules, regulations, orders and instructions issued by the competent authority either in pursuance of the provisions of the
constitution of india and the laws or by virtue of the powers formally delegated to it by a superior authority.
26 Concurrent Audit
Concurrent audit is a systematic and timely examination of transaction on a regular basis to ensure accuracy, authenticity,
compliance with procedures and guidelines. The emphasis under concurrent audit is not on test checking but on substantial
checking of transactions
27 Consideration An exchange of goods or services for other goods or services
28 Contract
A binding agreement between two or more parties for performing, or refraining from performing, some specified act(s) in exchange
for lawful consideration.
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