Rule 90 of The General Financial Rules 2017 Presentation of Annual Accounts

Rule 90 of The General Financial Rules 2017 Presentation of Annual Accounts

Visual Summary

Executive Summary

Rule 90 of The General Financial Rules, 2017, details the crucial process for the presentation of annual Appropriation and Finance accounts. These accounts are to be prepared by the respective authorities, following forms prescribed by the President based on the advice of the Comptroller and Auditor General of India (CAG). The CAG is responsible for certifying these accounts and subsequently submitting them, along with related reports, to the President. This entire procedure is mandated by Section 11 of the Comptroller and Auditor General’s (Duties, Powers and Conditions of Service) Act, 1971, and Clause (1) of Article 151 of the Constitution of India, ensuring transparency and accountability in government financial reporting.

In-Depth Analysis of the Rule

Introduction: Rule 90 is a cornerstone of financial governance, establishing the framework for how the Union Government’s annual financial accounts are formally presented. It ensures a structured and legally compliant approach to financial reporting, vital for parliamentary oversight and public accountability.

Breakdown of the Rule:

• Account Preparation: The Appropriation and Finance accounts are prepared by the
  

  Related posts:

  1. Rule 72 of The General Financial Rules 2017 Form of Accounts
  2. Rule 71 of The General Financial Rules 2017 Accounts Preparation and Presentation
  3. Rule 88 of The General Financial Rules 2017 Appropriation Accounts
  4. Rule 89 of The General Financial Rules 2017 Finance Accounts