Audit Manual - Core Treasury System Uttarakhand

Government of Uttarakhand
Audit Manual
Sr. No Activity Risk Audit Steps
recorded
• Verify the perpetual inventory procedures as follows:
Verify whether physical inventory is counted periodically by persons
independent of day-to-day custody or recording of inventory
Verify the perpetual inventory plan for the period, and check that the
items are spread uniformly across the period
For sample months check whether the stock count has been
conducted as per the plan
Proper records are maintained to verify the count as per physical
stock count and count as per stock records
As at the end of the period, check whether all items have been
covered during the period
Verify the approval mechanism for adjustments in case of
discrepancy in stock account
• Obtain reasons for deviations and report as observation
16 Annual Physical verification
(Refer Chapter 7(76) of
Procurement Rule , 2008)
• Annual Physical Verification not
conducted as per the Rules
• Verify whether the Head of Office/Competent Authority or his nominee
conducts annual verification on 31st March every year to ensure the
availability of assets/goods as mentioned in the register and also disposal
of old and unusable goods
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