Scribd
Upload
2K views6 pages

MFAI Writing

The document outlines the format for reporting Major Financial & Accounting Irregularities (MFAI) in a report. The report should include: Part I with sections on cash irregularities (Section A) and store irregularities (Section B). Part II also has sections on cash irregularities (Section A) and store irregularities (Section B). It also lists outstanding cases that have been previously reported. The format requires providing details of irregularity such as name, period affected, financial impact, and current status. It indicates the submission should include facts of the case, applicable rules, observations, responses and suggested remedial actions.

Uploaded by

Atish Kumar
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
2K views6 pages

MFAI Writing

The document outlines the format for reporting Major Financial & Accounting Irregularities (MFAI) in a report. The report should include: Part I with sections on cash irregularities (Section A) and store irregularities (Section B). Part II also has sections on cash irregularities (Section A) and store irregularities (Section B). It also lists outstanding cases that have been previously reported. The format requires providing details of irregularity such as name, period affected, financial impact, and current status. It indicates the submission should include facts of the case, applicable rules, observations, responses and suggested remedial actions.

Uploaded by

Atish Kumar
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 6

Major Financial &

Accounting Irregularities
(M.F.A.I.) Writing
Format of MFAI Report
Part I Section ‘A'- Cash Irregularities
Part I Section ‘B’ – Store Irregularities

When was the Latest position


Name Particular
s Period of irregularity first of the case
of the Financi
Sl of al accounts noticed in audit indicating action Remarks
No unit /
irregularit effect affected and to whom it so far by the
formatio
n y was reported lower
authorities

1 2 3 4 5 6 7 8
Part II Section 'A' -Cash Irregularities
Part II Section ‘B’- Store Irregularities
• List of cases already reported but still
outstanding

Item no. and Brief gist of


Name of the
Sl No. the Quarter of the Latest Position Remarks
Unit/Formation
reporting irregularity

1 2 3 4 5 6
• Format for submission of cases for inclusion
in MFAI:
– Fact of the Case
– Rule position governing the case
– Observation raised
– Financial effect
– Response of the Unit, if any
– Remedial action suggested …….if any.
Case Study
Thank You !

You might also like

pFad - Phonifier reborn

Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


Alternative Proxies:

Alternative Proxy

pFad Proxy

pFad v3 Proxy

pFad v4 Proxy