Audit Manual - Core Treasury System Uttarakhand

Government of Uttarakhand
Audit Manual
Sr. No Activity Risk Audit Steps
the grantee of the conditions, expressed or implied, attached to the
grant by the sanctioning authority
Any instance of the absence of administrative regulations and
procedure sufficient to secure a proper and effective check upon
monetary transactions
23 Controls around Fiscal and
Revenue deficit
• Increase in Fiscal and Revenue deficit
• Violation of FRBM act
• Obtain details of budgeted and actual figures of capital expenditure and net
disbursement of loans and advances for the year being audited
• Verify whether the capital expenditure and net disbursement of loans and
advances exceeded the assessment made in the budget estimates resulting
in a fiscal deficit during the year
• Obtain reasons/ factors contributing the position of fiscal deficit from the
process owners
• Obtain details of expenditure (salary, pensions, subsidies , interest
payments etc.) and revenue (tax and non tax) for the audit period
• Verify whether the committed expenditure has exceeded the revenue
leading to a revenue deficit
• Obtain reasons/ factors contributing the position of revenue deficit from the
process owners
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