Audit Manual - Core Treasury System Uttarakhand

Government of Uttarakhand
Audit Manual
Sr. No Activity Risk Audit Steps
steam and molasses
Status of finalization of accounts
Details of debit balance in creditors account
Mention transit loss of liquor
41 Cooperative stores • Difference between book stock and
actual stock
• Deterioration of material with efflux of
time
• Inadequate store management
• Movement of material from stores
without adequate approvals
• Verify whether the stores register is up to date and all receipts
and issues are duly recorded in register.
• Verify whether only authorized personnel have access to stores
register and proper physical security is maintained at stores.
• Verify whether material is properly stacked and tagged at
respective cooperatives (Federations and industries)
• Verify whether material description is properly defined in stock
register.
• Verify records of physical verification at stores; check that
physical verification is conducted at periodic intervals.
• Verify difference observed during physical verification are
resolved after due approval and necessary action is taken to
ensure no shortages happen in future.
• Verify ageing of material at stores.
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