(1) Financial advice: - the Director and other Officer down the line are vested with power to accord financial sanction subject to budget allocation as laid down in delegation of financial power to the national lab of CSIR. Hence all financial sanction irrespective of amount is subject to observance of codal formalities need financial concurrence of the finance of national lab. This is called audit of sanction as per norms stipulated in the GFR & budget & accounts manual of the CSIR.
(2) Auditing: - all payments of the lab are subject to pre-audit with a view to see that rules and procedure are followed. This calls for good understanding of various govt. rules.
(3) Accounting & Budgeting: - Budget is prepared according to need and demand of a lab on approved projects authorized by the apex body of the lab for a particular year. Project oriented budget estimates and revised budget are formulated each year for approbation of CSIR and allocation of funds.
Accounting is done as per procedure laid down by CAG and various books of account are prepared accordingly.
