Audit Manual - Core Treasury System Uttarakhand

Government of Uttarakhand
Audit Manual
Sr. No Activity Risk Audit Steps
• Obtain details of daily wage worker
2 Stocks and Stores • Difference between book stock and
actual stock
• Deterioration of material with efflux of
time
• Obtain the details of existing level of stores and finished stock
• Verify that there is no large accumulation of surplus stores and
finished stock
• Inadequate store management
• Movement of material from stores
without adequate approvals
3 Contracts • Unauthorized contracts
• Potential risk of undue changes in prices
• Obtain the various contract agreements that have been
concluded during the audit period
• Verify whether all these contracts have been concluded in the
company‘s best interests and in accordance with the provisions
of Uttarakhand Procurement Rules 2008
• Verify whether the terms and conditions of the contracts
entered into by the Corporations have been enforced
B
Records and Reports
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