Audit Manual - Core Treasury System Uttarakhand

Government of Uttarakhand
Audit Manual
Sr. No Activity Risk Audit Steps
Loans and Advances Policies; Accounting procedure;
Housekeeping; Risk Management; Computerisation
Compliance-Minimum Involvement; compliance on Audit
Report; Compliance on NABARD Inspection Report; Internal
Returns & External Returns; implementation of DAP / MoU
29 Assets • Excess/ short holding of cash by the
bank
• Unreconciled balances at the branch
• Securities held in the books not held
physically by the bank
• Non compliance by the branch with the
instruction sof HO/ RBI/ NABARD
• Grant of credit facilities beyond the limit
of the branch
1. Cash
• Verify whether the Cash balances at Branches exceed the limit
fixed by HO significantly
• Verify whether the branch holds adequate insurance cover for
cash and cash in transit
• Verify whether the Cash is maintained in adequate Joint custody
of two or more officials, as per instructions of the Head Office
• Verify whether the authorized officials of the bank check the cash
balances at periodic intervals, verify documentation made to
support that
• Verify that bank has not retained excess liquid cash
2. Balance with Banks
• Verify whether Balance Confirmation certificates were obtained in
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