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 !