Audit Manual - Core Treasury System Uttarakhand

Government of Uttarakhand
Audit Manual
Sr. No Activity Risk Audit Steps
five years, a provision for its unconditional revocation or cancellation by
Government at any time after expiry of six months‘ notice should have a
mention in the contract
7 Contract Administration • Non adherence to contractual terms and
conditions
• Verify adherence to all terms and conditions mentioned in the contract
• Verify whether the basis for the rates agreed in the annual rate bond/
agreement/ contract are is in place
• Verify that where the rates agreed in the contract are considerably
higher than the rates prevailing at the time of review, such variations
should be reported
• Verify that any extraordinary variation in works matter as per agreed
terms are reviewed and approved by authorised personnel
• Verify whether prior consent of the Financial competent authority is
available in case of following contracts:
Contracts involving an uncertain, indefinite liability or a condition of
unusual character
Material variations in terms of the contract after formally executing
the contract
Payments in excess of the agreed rates/ outside the strict terms of
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