Introduction

The Government of Uttarakhand supports a system of Internal Audit as a staff function and as a coordinator of a State-wide, independent appraisal function to examine and evaluate the activities of the department

The role to be assigned to internal audit department shall require it to:

1. Audit all departments of Government of Uttarakhand on an on-going basis depending on the volume, risk and identified problems.
2. Conduct post-audit reviews to monitor corrective action taken on the identified weaknesses.
3. Respond to request for audit services for specific purposes; departments and autonomous organizations working under them for special Audit

Independence of Internal Audit Department By Audit Act 2012.

1. Internal Audit by Uttarakhand Audit Act 2012 has been centralized under the Finance Department have been kept outside the control of administrative departments so as to secure independence and objectivity as by Internal Auditing Standards.
2. Audit by definition should be a completely independent unit and posting auditors in the department is contrary to the principal of functional in-dependence because there is always a possibility of developing affiliation and net work with the department where they are posted. In order to ensure that auditing unit is completely independent free from independent bias it is important that the IA should be centralized within the Finance Deptt. And kept outside the preview of individual departments.

State Audit Level Committee

The Director of Audit (Internal and Local Bodies) shall report directly to the Secretary Finance. In order to strength the Audit System State Level Audit Committee has been made under the Chairmanship of Chief Secretary.

Co-Sourcing Model

Co-Sourcing model is a blend of In-house and outsourcing model. It has characteristics of both the models and served as a bridge between totally In-house and outsourcing model. It gives leverage to have internal experts as well experts from outside who have wide industry experience. It involves formal partnership between In-house internal audit function and external advisors. Under Co-Sourcing Model 60% audit work has been allocated to In –House Government audit and 40% to CA Firms .

Categorizing Of Departments On Risk Assessment.

The Government Departments have categorized into (High Risk,Medium Risk & Low Risk)

The factors, which govern the particular audit being undertaken need the auditor to comply with any governing legislation of ULBs and RLBs ; and with prescribed Accounting standards as per Uttrakhand Financial Attest Manual.

Uttarakhand Online Audit Management System.

For monitoring and management of audit reports of all the departments-:

1. Real time data sharing.
2. Easy Management and Schedule of giving task to various audit team on real time.
3. Easy compilation of reports on financial year basis.
4. Error free calculation.
5. Monitoring of work progress of various audit team in various department.
6. Financial year wise easy Analysis of no. of audit done in various departments.
7. Online submission or upload of work output report by audit team.