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Audit Manual - Core Treasury System Uttarakhand

Audit Manual - Core Treasury System Uttarakhand

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Government of <strong>Uttarakhand</strong><br />

<strong>Audit</strong> <strong>Manual</strong><br />

Sr. No Activity Risk <strong>Audit</strong> Steps<br />

prescribed under section 209(1)(d) of the Company‘s Act<br />

G<br />

<strong>Audit</strong>ors<br />

11 Appointment of <strong>Audit</strong>ors • Non adherence to the relevant<br />

provisions of act<br />

• Discrepancy in audit reports<br />

• Illicit practices<br />

• Verify whether the detailed audit of Government Companies is<br />

conducted by Statutory <strong>Audit</strong>ors appointed by the Comptroller<br />

and General , under the Companies Act<br />

• Verify whether the auditor is a qualified chartered accountant<br />

within the meaning of the Chartered Accountants Act, 1949 (38<br />

of 1949)<br />

• Verify that none of the following are appointed as an auditor of<br />

a company<br />

An officer or employee of the company<br />

A person who is a partner, or who is in the employment, of<br />

an officer or employee of the company<br />

A person who is indebted to the company for an amount<br />

exceeding one thousand rupees, or who has given any<br />

guarantee or provided any security in connection with the<br />

indebtedness of any third person to the company for an<br />

Page 528 of 705

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