Audit Manual - Core Treasury System Uttarakhand

Government of Uttarakhand
Audit Manual
Sr. No Activity Risk Audit Steps
• Potential risk of fraud
• Loss of revenue
from
Rental of Properties owned by Zila Panchayat
License Fees
Taxes
Sale of stray animals,
―Khanan‖
Others (if any)
• Verify whether all expenditure incurred by the Zila Panchayats is
from the collected revenue
• Verify whether a record is maintained for the expenditure incurred
by purchase of properties, development of Zila‘s ,establishment
expenses and other Zila expenses
• Verify the total collection and check whether an adequate linking
exist between the invoices raised & collections made to get an
assurance that collections are made for all invoices raised
• Verify whether a process of regular reconciliation of cash sales
with physical cash collected is carried out and on sample basis
and verify the accuracy of reconciliation statement prepared
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