Question

who conducts the efficiency and propriety audit​

Answer 1

Answer:

Hey !!

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Explanation:

The comptroller and auditor general of India has a right to conduct efficiency economy oriented propriety audit, in addition to the statutory audit under his guidelines and instructions.

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Answer 2

The Comptroller and Auditor General of India has a right to conduct efficiency-cum- economy oriented propriety audit.

• Propriety audit has been described as an audit of the actions and decisions of the executives.
• The basic purpose of the efficiency audit is to reveal defects or irregularities in any of the elements examined.
• The auditor prepares the report after taking into account the provisions of the Companies Act, the accounting standards and auditing standards.
• No precise or specific rules can be laid down for regulating the course of audit against propriety.
• An internal auditor is an auditor who is appointed by the Board of directors of the company in order to carry out the internal audit function.

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