Audit Manual - Core Treasury System Uttarakhand

Government of Uttarakhand
Audit Manual
Sr. No Activity Risk Audit Steps
under unforeseen circumstances
control of the government are insured
• Verify whether all goods and properties are insured only with
the prescribed insurance company of the state
• Verify whether the terms of insurance are such that they
completely safeguard the interests of the Corporations
• Verify whether the premium is timely deposited with the
Insurance Company
• Verify whether a mechanism for monitoring of Insurance
policies is in place to track their expiry date
• Verify whether the Insurance policies are timely renewed
E
Corporations at Loss
9 Loss making Corporations • Incurring unnecessary losses • Obtain a list of the Corporations which are incurring losses
• Verify whether any Corporate/ Business Plan has been
prepared to convert such loss making corporations into
financially viable corporations
• Have any other steps been taken to improve the state of the
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