Audit Manual - Core Treasury System Uttarakhand

Government of Uttarakhand
Audit Manual
Sr. No Activity Risk Audit Steps
employee has been retained for at least 10 years after vacation of the post
• Obtain reasons for deviations and report as observation
3 Physical Controls over Cash • Potential risk of loss of money
• Absence of document from theft or
misplace document
• No physical verification of cash-incorrect
cash disclosure in books for cash- or
theft pilferage of cost
• Verify whether adequate arrangements exist for the safe custody of
Government money in accordance with the standing instructions of the
Government
• Verify whether the physical verification of the cash balance is done by the
DDO at the close of each month and a certificate to that effect is
recorded in the Cash Book
• Verify whether the Government‘s money is kept in strong cash box
secured by two locks of different patterns
• Verify whether all keys of the same lock should be kept in the same
person‗s custody and as a general rule, the keys of one lock should be kept
apart from the keys of the other lock and in a different person‗s custody
• Verify whether the keys of chest are handed over to DDO in absence of the
cashier and in presence of a witness. Verify signatures, date and address
of witness
• Verify whether the cash chest should never be opened without both the
custodians of the keys being present
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