Audit Manual - Core Treasury System Uttarakhand

Government of Uttarakhand
Audit Manual
Sr. No Activity Risk Audit Steps
section(s) of the financial statements
20 Controls over Dormant &
Inactive Ledgers
• Duplicate accounts
• Inactive accounts not closed
• Incorrect entries posted in the A/Cs
• Absence of review of dormant A/C
• Incorrect entries in Dormant A/C
• Bad debts in case of delay in recovery ,if
any
• Review procedures utilized to control and monitor dormant and inactive
accounts
• Verify whether the dormant accounts are properly segregated from active
files and delivered to officer responsible
• Verify whether an officer reviews the dormant account report on a monthly
basis, and verify whether proper action is taken for new dormant
accounts. Substantiate that transactions to dormant accounts are properly
authorized
• For inactive accounts, verify whether the Agency has made attempts to
contact the customer and that all correspondence is maintained in the
customers account file
21 Staff Cars • Theft of spare etc.
• Non effective utilization
• Payment for unapproved/ unauthorized
Fraud expenses
• Non compliance & payment as per
standard rules
• Verify whether a stock account of all the vehicles in use (together
with their spare parts) is maintained and periodically checked
• Verify whether a history sheet of each Vehicle is maintained
• Verify whether average running mileage per liter of each vehicle have
been worked out. Verify whether monthly averages compare favorably
with norms or pervious months. Verify whether the mileage per liter of
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