Audit Manual - Core Treasury System Uttarakhand

Government of Uttarakhand
Audit Manual
Sr. No Activity Risk Audit Steps
not
• If not, check the variation in prices and ask for justification
• Obtain reason for not giving a bulk order and giving repetitive orders
• Compute loss suffered by the department by not making Bulk orders and
report
52 Verify vendor evaluation
process
• Potential risk of biasness while
performance evaluation
• Good vendors may not be identified
if performance evaluation is not
done
• Non monitoring of under performing
vendors
• Take a sample for checking performance evaluation documentation for major
vendors
• Obtain justification if performance evaluation is not done
• Verify parameters considered for evaluating performance of vendors.
Vendors should be evaluated on critical parameters such a timeliness of
delivery, quality of material received, shortages, damages, receipt of sub
standard material etc.
• Verify that parameters are uniform for all the vendors or not
• Verify the frequency of vendor evaluation and personnel involved in it
53 General Checks for payments • Fresh quotations not invited leading
to higher prices
• Date on requisition should be before that on the quotations and invoices
• Date on the invoices should be after that on the quotations
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