Audit Manual - Core Treasury System Uttarakhand

Government of Uttarakhand
Audit Manual
Sr. No Activity Risk Audit Steps
be allowed by range officers by divisional officers
In all other cases only with the sanction of the Local Government
14 Accounting for recovery of
advance
(Refer Chapter X, Volume VII,
Financial Handbook)
• Incorrect accounting
• Non recovery of advances paid to
vendors
• Verify whether the accounting for recovery of advances is done in the
following manner:
When recovered (wholly or partially) from the contractor either by
work done or in cash, the amount recovered should be credited in
the cash-book under "Work advances‖
If the recovery is for the value of work done, such value should
simultaneously be charged to the appropriate head of accounts in
the cash-book and the charge should be supported by a voucher
15 Ledger of Advances
(Refer Chapter XII, Volume VII,
Financial Handbook)
• Incomplete records
• Verify whether a ledger is maintained by the Divisional Officer in the
prescribed form for all accounts with contractors and disbursers
• Verify whether in case of disbursers only one account is opened
• Verify whether in case of contractors a separate account has been kept
with each person in respect of each work
• Verify whether the account of each contractor and disburser is balanced
and signed by the divisional officer on the last day of each month in
which any transaction takes place, unless the conservator directs that
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