Audit Manual - Core Treasury System Uttarakhand

Government of Uttarakhand
Audit Manual
Sr. No Activity Risk Audit Steps
Above Rs 25 lakh -2%
• EMD should be timely
submitted by the vendor
• EMD must be returned to
unsuccessful bidders within
30 days from the award of
contract to the successful
bidder
(Refer Rule No. 20 of
Procurement Rules 2008)
24 Verify the adequacy of
performance security
(Refer Rule No. 21 of
Procurement Rules 2008)
• Non adherence to Procurement
Rules 2008
• Inadequate performance security
• Potential risk of expiry of
performance security before
stipulated period
• Take an appropriate sample out of total contracts awarded
• Verify the adequacy of performance security amount i.e. 5 to 10% of the
value of the contract
• Check validity of performance security, it should be valid for 60 days beyond
date of completion of all contractual obligations, if not then report the same
25 Advance to suppliers should not
exceed the following limits:
• Advance given for items which are
not mentioned in Rule No. 22 of
• Note down the details of advances given during the audit period and
adequate report deviations and verify if security has been obtained against
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