Audit Manual - Core Treasury System Uttarakhand

Government of Uttarakhand
Audit Manual
Sr. No Activity Risk Audit Steps
• Check for significant differences between invoice receipt date and processing
date
• Obtain justification for exceptions and report the same
45 Invoices are input for processing
correctly
• Potential risk of wrong entry during
invoice processing
• Duplicate payments
• Take a sample of invoices for audit period
• Verify the correctness of invoice processed by doing a three way match i.e.
comparison of Purchase order, goods receipt note and invoice
• Check adjustment for short receipt of goods (if any) while processing invoices
• Verify the process in place to control duplicate payments
• Obtain justification for exceptions and report the same
46 Input is restricted to authorized
users
• Potential risk of defalcation
• Verify that proper segregation of duties exist for invoice validation and
payment
Also verify segregation of duties between GRN preparation and invoice
validation
• Report exceptions
G
Other Checks
47 Verify that RFQ is not sent to • Potential risk of order being given • Obtain a list of blacklisted vendors
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