Audit Manual - Core Treasury System Uttarakhand

Government of Uttarakhand
Audit Manual
Sr. No Activity Risk Audit Steps
Payments that should have been made under normal
disbursement procedures with full documentation
• Verify that following items do not qualify for reimbursement
Amount recovered towards security deposit is not eligible
Secured advance paid on material is not reimbursable
Local transportation charges are not reimbursable
Insurance premium paid in foreign exchange are eligible for
bank financing, self insurance and premium paid in local
currency are ineligible unless explicitly provided in local
agreement
The bank does not finance custom duties and other taxes
imposed by borrowing country
• Scrutinize the statement of expenditure with reference to report
of AC/DC bills .As the expenditure is met by drawing funds on
AC bills. The admissible expenditure will expenditure supported
by DC bills
3 Aspects of contract • Weaknesses around Contract
Management
• Review the following aspects of
project eligibility of contractors
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