Audit Manual - Core Treasury System Uttarakhand

Government of Uttarakhand
Audit Manual
and going down up to the officers engaged in the function under audit at the respective
locations. This approach leads to better acceptability and wider coverage.
‣ Keep the questions simple :The auditors should ask general questions, which are open
ended in nature like the following:
What are some of the key concerns you have in respect of your function?
What are the main objectives of the department?
What are the main bottlenecks to these objectives?
What are some improvements that can be made in the department‘s functioning?
Such questions encourage the auditee to speak about his function and provide information to
the auditor. It also makes the auditee open up and speak to the auditor as he would to a
consultant.
• Comparative Analysis
This involves comparing data, sometimes from various sources, to identify unusual situations
or deviations. It is a valuable technique available to the auditor.
• Analytical review
This involves comparing results such as income, expenses etc., for the same entity from
period to period. It can also be used when evaluating changes in results that are dependent
or affected by other factors. For example, if the number of employees has increased from the
last period, the payroll costs should also go up in addition to the normal increase due to pay
raise, inflation, etc.
• Visual observations
A tour of the facilities of the entity to be audited may disclose material weaknesses in the
operations. Visual observations also include scanning records and reports for unusual items
• Photographs
Photographs are taken to capture something which audit team have already observed. The
photos should be conveying, clear. . While taking photographs inform in writing that audit will
be taking photos (need not specify time, date). Photos should be authenticated by the
auditee as far as possible to avoid dispute. Date, time, place to be recorded on photos
• Physical verification
The audit team always in presence of representatives of audit units can physically verify.
The audit team should documents the findings the same data
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