Audit Manual - Core Treasury System Uttarakhand

Government of Uttarakhand
Audit Manual
Sr. No Activity Risk Audit Steps
inventory • Misappropriation of allocated
budget
requisitioned quantity
• In case of recurring expenditure verify whether the existing stock quantities
are considered before placing the order
• In case additional material is ordered despite requisitioned material being in
stock, verify whether the rationale for approving the requisitions is available
from the approving authority
• From the stock register, verify the last stock movement of the additional items
being procured, to check whether the item is in regular use or not
• Further, compare the price of material ordered vis-à-vis material of similar
specification already lying in stock. In case the price of material ordered is
higher than material already lying in stock, loss suffered by the department
due to such procurement should be arrived at & reported
4 Verify delay in approval of
requisition
• Delay in purchase due to delay in
approval of requisition
• Verify for the sample requisitions selected, the date of requisition and the
date of approval of requisition
• Identify any significant delays in approval of requisition (difference between
date of requisition and date of approval by competent authority)
• Check whether any requisition is pending for approval by Competent
authority and obtain the reasons for delay in approvals beyond defined time
period
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