Audit Manual - Core Treasury System Uttarakhand

Government of Uttarakhand
Audit Manual
Sr. No Activity Risk Audit Steps
Details of the vendor/supplier
Date of receipt of material
• Verify whether all stores are examined, on receipt and while accepting
delivery, to determine their condition and to get an assurance that they
are of the approved quality, make and specifications and quantities
conformed to those agreed upon
• Verify whether the previous stock balances are correctly worked out,
carried forward and authenticated by a responsible officer
• Verify whether bin cards (mentioning material description and code) are
maintained chronologically based on receipts and issues
• Verify whether price store ledgers containing the value account of stores
are maintained
• In cases where priced accounts are maintained,
Verify whether stores are priced with reasonable accuracy and the
rates initially fixed are reviewed periodically, correlated with market
prices
Verify whether the value accounts tally with the accounts of works
and departments connected with store transactions. Also verify
whether their total also tallies with the amount outstanding in the
Page 134 of 705