Audit Manual - Core Treasury System Uttarakhand

Government of Uttarakhand
Audit Manual
Sr. No Activity Risk Audit Steps
Annexure-III & IV of Procurement Rules 2008) along with copies of all draft
project agreements and the Project Report
• Verify that records repository has been maintained under the supervision of
an authorized person. Further, access of confidential documents like copy
of agreement, performance guarantee etc. should be restricted
4 Viable Gap Funding government
of uttarakhand, department of
finance , no474/xxvii(7)/2008,
17 th December 2008)
• Incurring avoidable expenses
• Inadequate use of grants
• Unauthorized release of funds
• Verify whether all eligibility conditions including the status of the private
participant, nature and type of the project etc. are fully complied with before
granting the fund
• Verify whether the project proposal and the financing plan is reviewed by a
leading financial institution to validate the need of gap funding – comparison
of PPP model funding with other alternate resources and the final costbenefit
analysis
• Verify whether there exists a system to monitor the project milestones for
the purpose of release of the Viable Gap Fund devised as per the contract
conditions
• Verify whether the accounts statements and returns clearly provide evidence
of utilizing the VGF in the construction/operation of the project
5 Total project Cost • Unnecessary expenditure • Verify whether the components of the Total Project Cost are included in the
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