Audit Manual - Core Treasury System Uttarakhand

Government of Uttarakhand
Audit Manual
Sr. No Activity Risk Audit Steps
• Verify that approval is obtained from competent authority before
borrowing from other banks/institutions
37 Loans and advances • Unsecured loans and advances can lead
to bad debts
• Obtain a list of loans and advances disbursed during the audit
period
• Verify that all the guidelines are followed while disbursement of
loans and advances
• Verify documentation for pre-sanction appraisal
• Verify that loans and advances are sanctioned after approval from
competent authority
• Verify that terms and conditions are uniform for a particular type
of loan
• Verify that loans and advances are recovered on a timely basis
• Verify that appropriate interest/penalty is charged in case of delay
in repayment of loans and advances
• Verify that adequate follow up is done for cases of delays in
repayment of loans and advances
• Mention cases of violation of guidelines in fixation of interest rates
• Mention the cases with regard to violation of ceiling/ norms/
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