Done WP Audit Procedure Rule Ref By: Ref. Acquisition and repayment of Loan. para 16 of Food Manual Check whether loan was obtained with the approval of the authority. para 19 & 23 of Food Manual Check whether loan was entered in ledger/ register para 22 of Food to watch the progress of loan. Manual Check whether repayment of loan was made promptly as soon as sale proceeds of wheat received in the account of Food department without any delay para 22 of Food however incase of delayed payment, the amount of Manual interest on delayed payment be work out. Check whether rate of interest for each quarter dully notified by the authority was available and interest worked out accordingly. Check whether profit and loss account prepared and stocks equal to loan amount available with the department. Check whether incidental charges worked out correctly and approved from the Finance department. Receipt and utilization of Subsidy Subsidy Policy of relevant year Check whether amount of subsidy was received from the government and used for repayment of loan timely. Check if amount due of subsidy was not received, efforts were made for grant of subsidy. Also check the effect of less receipt of subsidy amount. Non maintenance of Policy Files Wheat Procurement Check whether sufficient arrangements for Policy of relevant procurement of wheat were made well in time. year Wheat release Observe the effect of wheat release policy. policy of relevant year Check whether wheat imported according to the need of the province. Check whether wheat stock not carried forwarded in abnormal quantity.
Audit Procedure Rule Ref Done By: WP Ref. Acquisition and repayment of Loan. Check whether loan was obtained with the approval of the authority. Check whether loan was entered in ledger/ register to watch the progress of loan. Check whether repayment of loan was made promptly as soon as sale proceeds of wheat received in the account of Food department without any delay however incase of delayed payment, the amount of interest on delayed payment be work out. Check whether rate of interest for each quarter dully notified by the authority was available and interest worked out accordingly. Check whether profit and loss account prepared and stocks equal to loan amount available with the department. Check whether incidental charges worked out correctly and approved from the Finance department. para 16 of Food Manual para 19 & 23 of Food Manual para 22 of Food Manual para 22 of Food Manual Receipt and utilization of Subsidy Check whether amount of subsidy was received from the government and used for repayment of loan timely. Check if amount due of subsidy was not received, efforts were made for grant of subsidy. Also check the effect of less receipt of subsidy amount. Subsidy Policy of relevant year Non maintenance of Policy Files Check whether sufficient arrangements for procurement of wheat were made well in time. Observe the effect of wheat release policy. Check whether wheat imported according to the need of the province. Check whether wheat stock not carried forwarded in abnormal quantity. Wheat Procurement Policy of relevant year Wheat release policy of relevant year