Audit Manual - Core Treasury System Uttarakhand

Government of Uttarakhand
Audit Manual
The planning document shall be largely based on historical information available in respect
of the department being audited and on the basis of the interaction that shall take place with
the key auditees in the department.
The planning document should also contain certain key financial statistics as listed below:
• Total Revenue receipts and rates of existing user charges
• Total Expenditure Incurred (With an expenditure head wise break up)
• Total orders/projects/contracts executed
• Total Purchase orders raised
• Number of personnel in the department
• Total salaries and wages of the department
• Details of schemes (Non Planned and Planned schemes)
Conduct of audit commencement meeting
To assist effective communications between the audit team and the auditees from the
beginning of the audit an opening meeting should be held to formally commence the audit.
After completing the preliminary planning stages of the audit assignment, and prior to
commencing the audit field work, the Audit head and IA team should meet with the auditee
department‘s head and key officials of the department/ office being audited. The entrance
meeting provides the opportunity to begin building good relationships. The following points
should be discussed during the entrance meeting:
• Objectives and scope of work
Communicate the main objective and scope of audit. Prepare the general audit work plan.
Emphasize that the purpose of the audit is to assist management by providinganalysis,
appraisals, recommendations, and information in respect of departmental activities.
• Audit findings
Explain how audit findings will be handled, e.g. resolution of minor findings, the discussion of
all findings on a con-current basis to enable auditee to take timely and corrective action and
other actions relating to exit meeting etc. Discuss current status of prior audit findings.
• Audit progress
Establish a clear understanding with the auditee and regularly update them regarding audit
progress and findings. Determine the frequency of progress updates and management
levels to be updated.
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