Audit Manual - Core Treasury System Uttarakhand

Government of Uttarakhand
Audit Manual
Sr. No Activity Risk Audit Steps
• Verify the evidence of review of bills and measurement book by assistant
engineer and further checked by accounting authority
• Take records of payments made to contractor for the sample taken earlier
• Verify that all the payments are made by executive engineer or not
35 Advances to contractors
(Refer rule no. 48 of
Procurement Rules 2008)
Ordinarily, advances to
contractors are prohibited and
payment should be made only
against the work actually done.
Exceptions can be mobilization
advance, advance against
machinery equipment, advance
for accelerating progress of
works
• Unauthorized advances to
contractors
• Obtain details of advances paid to contractors
• Verify that bank guarantee or proper security against advance is taken to
secure the advance
• Verify that interest on advance is deducted while making payment to
contractor
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