Audit Manual - Core Treasury System Uttarakhand

Government of Uttarakhand
Audit Manual
Sr. No Activity Risk Audit Steps
• Verify whether a grants register is maintained and all the grants
received are updated in the register
• Verify whether grant is used for the purpose for which grant was
issued
2 Receipts and Payments • Incomplete recording of receipts
• Delay in deposits
• Verify whether each item of receipts and expenditure as per cash
book is compared with the treasury/ bank statements at the end of
each month.
• Verify whether the audit fee charged is entered in the Cash Book
• Verify whether a subsidiary record of cheques cashed at the
municipal treasury is maintained (section 296 of UP Municipalities
Act, 1916 and of Municipal Account Code)
• Verify whether all payments made from the municipal fund are
approved by the competent authority
3 Status of Audits • Potential risk of mismanagement of
department funds
• Non adherence to Government
Schemes
• Loss of Revenue due to non recovery
• Verify the periodicity of audit (section 296 of UP Municipalities
Act, 1916 and Municipal Account Code)
• Verify whether the result of audit is communicated in two parts as
The objection statement containing outstanding objections
An audit note dealing with matters which require particular
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