Audit Manual - Core Treasury System Uttarakhand

Government of Uttarakhand
Audit Manual
Sr. No Activity Risk Audit Steps
case of appointing an auditor other than a retiring auditor
• Verify whether a notice is sent to the retiring auditor
12 Duties of the statutory auditor • Inadequate reporting • The Statutory Auditor should functions within the parameters of
Companies Act‘ 1956
• They should examined and certify the profit and Loss Account
and Balance Sheet ensuring that they disclose a true and fair
view of the Company‘s Financial position
• They should examine that the managements have complied
with the various provisions of the Companies Act and the
Generally Accepted Accounting Standards as well as the
guidelines issued by the Institute of Chartered Accountants of
India.
• The auditors should bring to notice the areas of weaknesses
and those requiring special attention.
• Verify whether the auditor has submitted an annual report on
the working and affairs of a Government Company which is
required to be prepared within 3 months of holding of Annual
General meeting and laid together with a copy of the Statutory
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