Audit Manual - Core Treasury System Uttarakhand

Government of Uttarakhand
Audit Manual
Sr. No Activity Risk Audit Steps
Extension in project completion date should have been approved
as per the delegation of power
Where there are delays in the commencement of the Project, have
subsequent activities (such as Procurement of Project material)
been re-scheduled in line with the extension in the Original Project
timelines to avoid Blockage of Working Capital, if any
C
Budgeting, Scheduling and Milestone Definition
9 Budgetary Controls • Inadequate approvals for budgets (Initial
& revised)
• Risk of overspending
• Defalcation and losses
• Verify whether the approved annual budget for the works is available
• Verify whether expenditure for all works
incurred up to the end of the last financial year have been compiled and
incorporated while preparing the budget
• Verify whether a percentage of provision is made in the budget for spill
over works carried forward to the next year
• Verify whether the completion schedule and approximate value
of each contract is mentioned in the budget
• Verify whether a certain percentage of provision is made in the budget
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