Audit Manual - Core Treasury System Uttarakhand

Government of Uttarakhand
Audit Manual
Sr. No Activity Risk Audit Steps
• Check that no late bids should have been accepted
• Check whether order is awarded 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 )
13 Single source procurements
(Refer Rule no. 14 of
Procurement Rules 2008)
• Unauthorized Purchases
• Verify whether Single source procurements are supported by proper
justification
• Verify whether Single source procurements are approved as per delegation of
powers
14 Bid System
(Refer rule no. 15 of
Procurement Rules 2008)
• Non Adherence to set policies and
procedures
• Risk of selecting technically non
competent supplier
• Verify that appropriate bid system is used for procurement and mention the
details of the Bid System followed, Also, report if any violation from the rules
has been done
• In case of bidder whose technical bid is rejected, Verify whether his financial
bid is not opened and returned
15 Late bids
(Refer rule no. 16 of
• Non adherence to set policies and
procedures
• Report instances with details, where bid was accepted after expiry of
submission date
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