Audit Manual - Core Treasury System Uttarakhand

Government of Uttarakhand
Audit Manual
Sr. No Activity Risk Audit Steps
authority
• Check that there are no cases of splitting of stores purchases in order to
avoid a higher level of approval
• Verify whether the rates charged in the purchase bills are in conformity
with the rates agreed in the contract
• Verify whether the necessary inspection certificates have been
furnished with the bills
• Verify whether liquidated damages have been imposed in case of delay
in deliveries
• Verify whether discrepancies in receipts of stores are considered at the
time of releasing final payments
26 Accounts of Stores
(Refer Para 195 to 198 of Volume
VI of Financial Handbook)
• Incomplete record of stores
• Inadequate accounting of stores
• Obtain the bills for supply of stores
• Verify whether the Store keeper appointed with the sanction of
competent authority, keeps all records/ returns related to issue of stores
under his charge and is responsible for the custody and preservation of
the stores
• Verify that all transactions of receipts and issues are recorded in the
order of occurrence and as soon as they take place
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