Audit Manual - Core Treasury System Uttarakhand

Government of Uttarakhand
Audit Manual
Sr. No Activity Risk Audit Steps
general accounts
Verify whether the numerical balances of stock materials are
reconcilable with the total of the value balances in the accounts at
the rates applicable to different classes of stores
Verify whether steps have been taken for the adjustment of profit or
loss due to revaluation, stock verification or other causes not
indicative or any serious disregard of rules
2 Receipts are against a valid
purchase order/contract
• Incorrect material is received
• Material received is different from the
material ordered
• Mismatch between the quantity
ordered vis-à-vis material received
• Mismatch between Purchase Order
and material receipt can lead to
disputes at the time of payment to
vendor
• Obtain a list of all the receipts (goods receipt notes i.e. record maintained
for receipts of material) for the audit period
• Verify the controls over receipts (month wise, material type wise, value
wise)
• Against the sample of receipts verify the following:
Verify whether every receipt is a valid document duly signed and
approved as per the schedule of authority
Verify whether all receipts documents are duly supporting document
like invoice copy, lorry receipt etc
Verify whether all goods receipts have the proper reference of the
purchase order or contract
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