Analyse balances under suspense month by month and

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Unformatted text preview: Advances 2. Co-relate the drawal of Ways and Means Advances with the Advice Slips issued by the Account Current Section 3. Analyse Inward/Outward Settlement in Account Current 4. Where accounts are received late, verify if the Inward/Outward Settlement has been done correctly by Account Current Section 5. Analyse the nature and periodicity of items pending settlement in Account Current V Book Section Modules 1. Check out the TEs and the Heads affected by TEs 2. Verify if adjustments made in TEs are carried out in relevant accounts Heads in monthly balances 3. Where suspense amounts are adjusted, take a random sample and manually verify the details of Heads in TE 4. Analyse balances under suspense month-by-month and year-by-year 5. Verify the extent of clearance of suspense amounts at regular intervals 6. Where accounts are received late, see if the adjustments are carried out correctly 7. Analyse the amounts under Suspense Heads and clearance of these Heads VI Monthly Civil Account Modules 1. Verify if the Abstract of Major Head Totals tallies with the Consolidated Abstracts of Service Heads and DDR Heads IT Audit Manual Volume III 105 IT Audit Manual 2. Verify if the total figures in the Abstract of Major Head Totals tally with the Statement of Disburser’s Account 3. Check if there are any negative balances in the Monthly Civil Account VII Finance Accounts Modules 1. Analyse Statements of Finance Accounts 2. Compare balances under Receipts Heads in Statement No. 1 of Finance Accounts with the progressive balances figure in March final accounts 3. Compare balances under Expenditure Heads in Statement No. 1 of Finance Accounts with the progressive balances figure in March accounts 4. Compare balances under different Heads in Statement No. 1 of Finance Accounts with the progressive balances figures in March accounts 5. Compare Current Year balances in Statement No. 1 of Finance Accounts with Previous Year’s balances 6. Identify Heads in Statement No. 1 of Finance Accounts where the percentage variation between the...
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