Audit Manual - Core Treasury System Uttarakhand

Government of Uttarakhand
Audit Manual
Sr. No Activity Risk Audit Steps
• Potential risk of biasness
issue tender enquiry in at least 1 national news paper and website
• If the value of work/service is above INR50 lakhs then two bid system may be
adopted through EOI/RFP route
• Obtain justification for the exceptions and report the same
E
Purchase Order Management
40 Purchase order management • Delay in conversion of requisition
into Purchase Order may lead to
stock out
• Risk of receiving material even if it
is not required in case of long
pending open Purchase Order
• Verify that purchase orders are sequentially numbered date wise and
department wise to get an assurance that no duplicate purchase orders exist
or they fall outside the expected range of purchase order numbers
• Obtain justification for backdated purchase orders and report the same
• Obtain a list of open purchase orders, along with ageing of quantity pending
to be received along with justifications
• Check whether any penalty is charged from the vendor for delay in delivery
• Verify whether there is a process in place to periodically review the open
purchase orders
• Verify time taken for conversion of requisition into order, highlight significant
delays
Page 111 of 705