The scope of audit extends to
1) Inspection any office of the organization /institution under his audit jurisdiction.
2) Call for any books of accounts and other relevant documents that he may require in audit.
3) Call for any such information as may be required for the preparation of any report
Certification Audit:
Annual Accounts of Western Railway as compiled by the Railway Administration for incorporation in the Finance Accounts of the Union Government.
Audit of expenditure:
Examine the regularity, propriety, economy, efficiency and effectiveness of expenditure and correctness of their accountal.
Audit of receipts:
Effective check on the assessment, collection, refunds proper allocation of revenues and their credit in the accounts.
Audit of Stores and Stocks:
To ensure that departmental rules/regulations governing procurement/ purchase, receipt, issue, custody, condemnation, sale and stock taking of stores are strictly followed and to assess the quality of store management.
Audit of Grants-in-aid:
To ensure that Grants-in-aid are utilized for the purpose for which these are given and that sound financial management practices are duly followed while incurring expenditure out of such grants.
Audit of Borrowings, Loans, Advances, Guarantees, Reserve Funds, Suspense Transactions and Interest Payment:
To ensure that:
(i) the transactions are within such limits if any prescribed and are in tune with the authority that govern them;
(ii) the transactions are correctly reflected in the accounts;
(iii) the balances relating to these accounts represent amounts which are realizable and there exists a mechanism for periodic confirmation of balances.
Audit of Computerized System:- Audit of computerized system by collection and evaluation of evidence to determine whether a computer system has been designed to maintain data integrity, safeguard assets, allowing the effective realization of organizational goals and ensure efficient utilization of resources. This is done by using CAAT’s technique viz IDEA etc.
Audit functions are discharged in two stages :
a) Central Audit of payment vouchers and other instruments received in the Central office from Railways
b) Local Audit by deployment of field parties to auditee organizations offices