Audit Manual - Core Treasury System Uttarakhand

Government of Uttarakhand
Audit Manual
8.5 Flag Ship Schemes
Sr. No Activity Risk Audit Steps
1 General Checks (applicable on all
schemes)
• Ineligible beneficiary of the scheme
• Non achievement of scheme objectives
• Inadequate implementation of scheme
• Fraudulent payment and losses
• Verify whether there are any instances of excess funds being
received and remaining unutilized at the end of the year
• Also, verify whether such unutilized amount has been refunded
within reasonable time
• Verify whether the Cashier has maintained a Cheque receipt
register indicating the date of deposit of cheques into banks and
the date of Credit by Banks
• Verify whether a list /master data of all beneficiaries is maintained
• Check the process of disbursal of funds to the beneficiaries,
whether it is being credited directly to the beneficiaries account or
is it being sent by money order or any other mode.
• Check the gap between the time of receipt of funds and the time
of disbursal of funds to the beneficiaries
• Verify whether there is a system in place to ensure proper
accounting of the funds disbursed directly by the Government of
India for funding the Flag Ship schemes. Also verify whether the
updated information is validated by the State Government as well
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