Audit Manual - Core Treasury System Uttarakhand

Government of Uttarakhand
Audit Manual
Sr. No Activity Risk Audit Steps
• Verify that the Surveying and mathematical instruments are not stocked
in excess of requirement and surplus instruments are returned to the
Mathematical Instruments Officer
28 Loss of stores
(Refer Para 185 and 186 of
Volume VI , Financial Handbook)
• Loss of stores going un noticed
• Absence of a reporting process in case
of loss of stores
• Verify whether a periodic reconciliation of stores is carried out to arrive
at quantity of loss of stores (Loss = Opening stock + Purchases- Issuesclosing
stock)
• Verify whether an immediate report of the loss of stores is made to the
police
• Verify whether the reasons for all losses of stores are investigated
immediately
• Verify whether the sanction of a competent authority is available to
write-off such losses
29 Sale of Stores
(Refer Para 187 to 191 of Volume
VI of Financial Handbook)
• Inadequacies in sale of stores
• Unapproved waiver of mark up
• Verify whether an additional percentage (as prescribed) is added to the
cost of the stock at the time of its sale to the public or other
departments, to cover charges on account of supervision, storage and
contingencies
• Verify that where the stock seems to be otherwise un-saleable, an
additional percentage may not be added to the cost of stock at the time
of its sale, however approval of the competent authority should be
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