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3. Reimbursing the revolving fund equal to the amount shown in monthly
statement of expenditure received from concerned offices for the month and
releasing additional revolving as per the need.
4. Releasing the amount of budget to the district level government offices
according to the budget allocation and reporting to the office of comptroller
general through statement provided by bank.
5. Preparing integrated accounts of revenue vouchers sent by the office and
presenting reports to the concerned authority.
6. Making internal audit of revenues, budget releases, security deposits and other
funds created and maintained by all district level offices.
7. Increase the amount of the revolving fund, if the amount of revolving fund is
not sufficient to meet the need of concerned office.
8. Inspecting whether offices have deposited surplus amount of budget in
consolidated fund at the end of financial year or not, if not, it should direct them
to do so.
9. Preparing district wise statements on the basis of budget to forward to the
comptroller general.
10. Maintaining the bank account of government offices, stop the account if books
of account are not found up to date like, irregularities, not submitting the
report timely and not following rules and regulations according to financial
administration.

Auditing

The word Audit is derived from the Latin word ‘Audire’ which means to ‘hear’.
Auditing is a systematic examination of financial statements, records and related
operations to be determined in adherence to generally accepted accounting principles,
management policies or stated requirements. It refers to the act of checking the books
of account by an independent person for the purpose of providing true result of
operation presented by trading account, profit and loss account and balance sheet
detecting and preventing errors and frauds. Auditing may be defined as inspecting,
comparing, checking, reviewing, vouching, ascertaining, scrutinizing, examining and
verifying the books of accounts of a business corncern with a view to have a correct
and true idea of its financial state of affairs. It is the process which ascertains whether
personal and impersonal ledger balances are shown accurately or not, whether the
accounting is maintained properly or not, whether the frauds and errors have been
committed in the book of accounts or not and whether the full and complete accounting
have been maintained or not. For reliability and transparency, an independent and
professional person is appointed for auditing.

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