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Audit Manual - Core Treasury System Uttarakhand

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

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

Financial Statements<br />

Review the reliability and integrity of financial and operating information and the means used to identify measure, classify, and report such<br />

information;<br />

i. Major violations of Financial rules/handbook provisions in all audit areas covered<br />

ii. Status of preparation of accounts (Timeliness and last audited financial statement AG/regulatory body as applicable)<br />

iii. Analysis on observations by statutory auditors if any<br />

iv. Status on deduction of TDS as per applicable provisions and payment with statutory authorities on timely basis wherever applicable<br />

v. Position of Bank Reconciliation/<strong>Treasury</strong> reconciliation wherever applicable, with details of any defalcations observed<br />

vi. Details of liabilities related to pending court cases<br />

vii. Highlights instances if any for fund diversion<br />

viii. Highlight instances of parking/locking of funds / unaccounted accrued interest<br />

ix. Details of unproductive expenditure<br />

x. Details of unnecessary retention & creation of staff<br />

xi. Avoidable expenditure<br />

xii. Non utilization of equipments/ life saving equipments and other equipments<br />

xiii. Idle investment<br />

xiv. Review of the system established to ensure compliance with those polices, plans, procedures, laws and regulations which could have a<br />

significant impact on operations and reports, and should determine whether the organization is in compliance<br />

Page 629 of 705

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