Audit Manual - Core Treasury System Uttarakhand

Government of Uttarakhand
Audit Manual
Sr. No Activity Risk Audit Steps
(under the control of respective
department of Government)
• Potential risk of overspending grants
• Misappropriation of granted funds
maintained
• Verify whether the schedule for the release of the sanctioned loans match
with the established milestones for the completion of the work from time to
time
• Verify whether whole amount received is invested/used for the project
construction only as defined in agreement
• Verify whether the performance bond/ Performance Guarantee
furnished by the private sector partner as per the agreement
are
• Verify whether responsibility has been defined to monitor status of
performance of guarantees on regular basis
• Verify that status of performance guarantee is reviewed and approved by an
authorised person
• Verify whether the bond/ performance guarantee is released as per the
terms of the Agreement with authorised approval
• Verify that before reference to the Expenditure Finance Committee (E.F.C.),
the views of the legal Department and other related Departments should
have been obtained by the Administrative Department
• Verify that the proposal for seeking clearance of the Expenditure Finance
Committee (E.F.C.) has been sent in 3 copies in the prescribed format (
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