Audit Manual - Core Treasury System Uttarakhand

Government of Uttarakhand
Audit Manual
Sr. No Activity Risk Audit Steps
correctly and timely updated in the Guarantees register
• On a sample basis, physically verify whether original guarantees are
available for the details mentioned in the Guarantee register
• On Physical Verification of Guarantees available with the concerned
official, if any guarantees which are physically available but not updated in
the Guarantees register, report such cases as an observation
• Verify the validity of all the guarantees, and report those cases as an
observation, where the guarantees stand expires as on the date of audit
15 Control over Register of
Valuables
• Incorrect/incomplete register
• Unauthorized updation (physical
custody)
• Absence of maker-checker control
• Delay in processing B.D/ Cheques turn
to loss of interest income
• Verify whether the details of all valuables such as bank
drafts/cheques/postal orders etc., are noted in a register of valuables
• Verify whether the full particulars of each valuable received is entered in
the register on the day of its actual receipt and its daily total is entered in
the Cash Book as a single entry
• Check that there has been no undue delay in the remittance of valuables
into the bank for credit to Government account
• Verify whether the register is closed every fortnight and the bank
drafts/ cheques for which the corresponding credits are not forthcoming
or there is delay in crediting government account by the bank are
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