Audit Manual - Core Treasury System Uttarakhand

Government of Uttarakhand
Audit Manual
Sr. No Activity Risk Audit Steps
prices quoted in other similar rate contracts in other organizations
11 Up to INR 15 lakhs, limited
tender can be issued to
registered vendors
(Refer Rule no. 12 of
Procurement Rules 2008)
• Non adherence with set policies
and procedures for procurement
• Unauthorized Purchases
• Take an appropriate sample
• Check whether tender is sent to at least 3 registered suppliers
• Check the process of short listing of vendors to whom tender was sent
• Check whether the order is given to L1 party, if not then justification for the
same must be obtained from competent authority (It is very important to
establish the reasonableness of prices on the basis of estimated rates,
prevailing market rates, last purchase prices, economic indices of the raw
material / labour, other input costs and intrinsic value etc., before award of
contract )
12 For INR 25 lakhs and above,
Invitation to tender must be sent
by advertisement
(Refer Rule no. 13 of
Procurement Rules 2008)
• Non adherence with set policies
and procedures for procurement
• Unauthorized Purchases
• Take an appropriate sample
• Check that advertisement is given in at least 2 national news papers and not
in local edition
• Compare the final approval date for procurement and advertisement date,
report and analyze significant delays
• Check the process of selection of news papers in which advertisement is
published and the time period allowed to submit bids
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