Audit Manual - Core Treasury System Uttarakhand

Government of Uttarakhand
Audit Manual
1.2 Detailed Audit Checklist
Sr. No Activity Risk Audit Steps
A
Preparation and Submission of Departmental Budgets (At the level of DDO, Head of Office & Head of Department)
1 Budgets are based on
expected cash receipts and
cash payouts instead of
accrual basis
(Refer Chapter 3(16) of
Budget Manual)
• Actual cash receipts/ payments may
not correspond with the estimates
• Mismatch between basis of accounting
(i.e. Government accounts are
maintained on Cash Basis) against
basis of preparation of budgets
• Verify supporting documents for the estimates related to expenditure and
receipts
• Verify the general basis of giving estimated receipts and expenditure
• Verify the receipts and expenditure line item against the supporting
documents to check the basis of estimation
• Identify instances where supporting documents for estimation are not
available and report as an observation
2 Estimates are provided on a
Gross Basis (except for
specific exclusions as per the
Budget Manual)
(Refer Chapter 3(17) of
Budget Manual)
• Non compliance with laid out
procedures
• Possibility of unauthorized expenses
• Reflection of an incorrect picture
• Inadequate tracking of target Budgeted
receipts
• Identify Budget line items with direct costs attached
• Verify (on a sample basis) Budget line items for corresponding cost line item
• Verify basis for estimating Budget with the supporting documents and
identify variations
3 Adherence to prescribed • Delay in preparation of Budgets • Identify delays in submission, if any and document reasons
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