What do you mean by propriety audit ? What main aspects to be verified by auditor under this audit ?

Kohler has defined propriety as that which meets the test of public interest, commonly accepted customs and standard of conduct and particularly as applied to professional performance, requirements of Government regulations and professional codes. Propriety Audit carry out to check, mean whether the transactions have been done in conformity with established rules, principles and established standard. The following main aspects to be verified by auditor under the Propriety Audit: Proper recording has been done in appropriate books of accounts. The assets have not been misused and have been properly safeguarded. The business funds have been utilized properly. The concern is yielding the expected results.