Audit Manual - Core Treasury System Uttarakhand

Government of Uttarakhand
Audit Manual
Sr. No Activity Risk Audit Steps
material
vendor/supplier
• Potential risk of dispute with vendor
following:
Verify whether recording for the material received in stores register is
made for the actual quantity received
If quantities under delivered are within the tolerance limits defined for
under deliveries than no discrepancy note (i.e. note sent to supplier,
informing him about the shortage in quantity of material) is raised
If quantities under delivered are greater than the tolerance limits
defined for under deliveries than verify whether the discrepancy note
was sent to supplier within the prescribed time limit of receipt of
material. Verify whether supplier has duly acknowledged discrepancy
notes
6 Quality inspection of material
receipts process, time lines,
sample selection
• Substandard material accepted and
issued for consumption
• Materials received are not subject to
an inspection for quality
• Delay in quality inspection leading to
delay in issue of material
• Quality parameters/Criteria‘s not
properly followed for inspecting
• Obtain a list of all the quality inspections done during the year
• Take a sample of material receipts (month wise, material type wise, value
wise) and check the following:
Compare difference between GRN date and inspection date of
material, identify substantial delays
Verify whether inspection is done by technically qualified person and
as per the established quality criteria‘s/parameters. Carry out the
checks with reference to the list of persons authorized to carry out
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