Audit Manual - Core Treasury System Uttarakhand

Government of Uttarakhand
Audit Manual
Sr. No Activity Risk Audit Steps
are issued
Check whether written stores requisition is there for all raw materials
issues. Materials are only transferred on the basis of a properly
approved source document
In case of transfer from one location to another transfer
documentation should accompany all transfers and personnel should
verify material and quantity received
Check whether requesting department has signed on stores
requisitions as acknowledgement of receipt
• Obtain reasons for deviations and report as observation
22 Material issue in timely manner • Late issue of material may result in
loss of production time
• Check whether the material is issued against the requisition within
established time limits
• Check whether the inventory levels are updated within an established
time period after the material issue
23 Issues of material are correctly
recorded and are processed in
correct accounting period
• Transfers of materials may not be
accurately recorded
• Material issues processed in the
incorrect period or to incorrect
• Obtain the issues of material for the period and select an appropriate
sample based on quantity and value. Perform following audit procedures:
Check whether the issue of material is done only on the basis of
valid authorized requisition document from the requesting
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