expert-views

Propriety Audit : Propriety Audit stands for verification of transactions on the test of public interest, commonly accepted customs & standards of conduct.

Propriety is that which meets the tests of public interest, commonly accepted customs and standards of conduct and particularly as applied to professional performance, requirement of law, Government regulations and professional codes. It shifts the emphasis to substance of transaction.

1. Expense is not prima facie more than the occasion demands and same degree of vigilance is exercised as should be exercised in respect of his own money.
2. Authority exercises its power of sanctioning expenses to pass an order which will not accrue to its own advantage.
3. Funds not utilized for benefit of a particular person/group.
4. Apart from agreed remuneration, no other avenue is kept open to benefit management personnel, employees and others.