Audit Manual - Core Treasury System Uttarakhand

Government of Uttarakhand
Audit Manual
Sr. No Activity Risk Audit Steps
• Verify whether this statement shows the assets and liabilities of
each individual member on the date of his admission as well as
on the last day of each co-operative year
25 Vouching of Cash Book • Inadequate maintenance of Cash Book • Verify whether the Cash Book has been written up-to-date and is
balanced
• Verify the actual cash balance and check whether it agrees with
the book balance
• Verify whether the cash balance is in custody of the person
authorized for this purpose
26 Vouching of receipts • Weak control over receipts • Verify whether the date, month and year of the entries in Cash
Book correspond with those of the counterfoils
• Verify whether the name of the party, from whom the money is
received and the account to which it relates are properly recorded
in the Cash Book
• Verify whether the receipt is properly signed by the authorized
person
• Verify whether the receipts are in the prescribed printed forms
with serial numbers
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