Audit Manual - Core Treasury System Uttarakhand

Government of Uttarakhand
Audit Manual
Sr. No Activity Risk Audit Steps
• Inadequate calculation of cost
parameters
• Risk of unapproved/ unauthorized
purchases
financial package and clearly defined in the agreement
• Verify whether the cost of each item is worked out in detail and is as per
approved / standard unit cost
• Verify whether there are any non-essential expenditure included in the Total
project cost
• Verify whether there is a provision to amend the Total Project Cost in case
there is a refinancing plan during the concession period
• Verify whether the insurance costs (during construction) are added correctly
as per approved/standard practices
6 Monitoring of Projects under
PPP Cell
• Preparation of Project Schedule
without defining timelines for each
Milestone
• Non adherence to set policies and
procedures
• Projects not adhering to timelines
• Verify whether an independent Engineer is appointed on time for efficient
monitoring of the construction activities(Construction Project)
• Verify whether the preliminary/ pre-construction activities of the site
conditions are carried out in the presence of the Independent Engineer
• Verify whether the milestones for construction (stage-wise) laid down in the
Agreement are achieved
• Verify whether a penalty as per the Agreement is levied on the private
partner in case of delays
• Verify whether Independent Engineer certifies at every stage as to the
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