What is the propriety audit ? What are the objectives and scope of propriety audit.

Propriety 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 is carried out to check whether the transactions have been done in conformity with established rules, principles, and established standards. Objective of Propriety Audit: The Propriety Audit means the verification of the following main aspects to find out whether: 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. Scope of Propriety Audit: The system of Propriety Audit is applied in respect to Government companies, Government Departments because public money and public interest are involved therein and therefore it brings to light the cases of clear irregularity as well as improper expenditure or waste of public money or stores.