In this Act, unless the context otherwise requires:-
(a) Audit includes Cent-per-cent Audit, Concurrent Audit, Post Audit, Pre-Audit, Special Audit and Test Audit;
(i) Cent-per-cent Audit means an audit of accounts of the entire transactions for the whole year or for the period specified by the Director;
(ii) Concurrent Audit means audit on the spot either simultaneously with or soon after the making of payment, withdrawal or adjustment out of a Local Fund;
(iii) Post Audit means audit after making of payment, withdrawal or adjustment out of a Local Fund which is not Concurrent Audit but includes Cent-per-cent and Test Audit;
(iv) Pre-Audit means audit before payment, withdrawal or adjustment out of a Local Fund;
(v) Special Audit means an audit of accounts pertaining to a specified item or series of items requiring through examination;
(vi) Test Audit means an audit of a certain period selected at random by the Director or any other authority empowered by him;
(b) Auditor means the Director of Local Fund Audit and includes any other Officer of the Directorate of Local Fund Audit empowered by the Director to perform the functions of an Auditor under this Act; (c) Audit Report means the report sent under Section 10 of this Act and includes reports sent by the Auditor on conduct of Cent per-cent Audit, Concurrent Audit, Special Audit, Test Audit of accounts of any institution for a specified period, included in the Schedule;
(d) Director means the Director of Local Fund Audit and includes any person empowered by the Government to perform the functions of the Director of Local Fund Audit;
(e) Executive Authority means the Principal Executive Officer of a Local Authority;
(f) Local Authority shall mean a Municipal Board, Council, Corporation, Town Committee, Local Boards or any other authority legally entitled to or entrusted by the State Government with the control or management of a Municipal or Local Fund, and such other institutions, boards, agencies or bodies as also subsidiaries thereof constituted under any State Law which are in receipt of financial grant, subsidy, funds or financial assistance in any form from the Government;
(g) Local Fund means-
(i) a fund administered by a Local Authority which, though not part of a Government Department, has been established by or under a law or orders of the Government, and
(ii) any other fund which the Government may, by Notification in the Gazette, declare to be a Local Fund for the purpose of this Act;
(h) Prescribed means prescribed by rules made under this Act;
(i) Schedule means the Schedule appended to the Meghalaya Local Fund Audit Rules;
(j) State means the State of Meghalaya;
(k) Surcharge means an amount for which the Auditor, in exercise of the powers vested in him under this Act, makes a person liable for loss, waste, misapplication or misappropriation of any money or other property belonging to any Local Authority.