Obervation/Problems Control Leakages

IT Software outdated Infrastructure of IT

Manual Record keeping
Recruitment Policy
Manual Budegeting and plaining
Incompetency of Audit Department
Thumb recognize attedance
Human Error
Reference-Based Hiring
Approval of High Authorties
Non-Professional behaviour
Lack of restriction on employees

Title of Account

PREMIUM INCOME
Claims Investigation expenses
FIELD PAYMENTS
Field group insurance
Field medical expenses
Field medical expenses (in kind)
ADMIN PAYMENTS  - OFFICERS
Basic Salaries
Corp + Professional + Adhoc Allowance
Leave Encashment (current)
Bonus
Wages (Driver's salary/subsidy)
Car petrol
Car rental
Medical Expenses
Medical Expenses - Retired Officers
Group Ins. Corp contribution
Telephone (Residence)
Utilities
Entertainment (Late sitting)
Pension
 SUB - TOTAL
ADMIN PAYMENTS  - STAFF
Basic Salaries
Corp + Adhoc Allowance
Overtime / Honorarium
Bonus
Leave Encashment (current)
Conveyance
Medical Allowance
Medical expenses
Entertainment Expenses
Uniforms
Pension
Group Insurance Expenses
Utilities
SUB - TOTAL
ADMIN PAYMENTS AREA MGRS.
Basic Salaries
Corp. + Professional Allowances
Leave encashment (Current)
Medical Expenses - Area Managers
Utilities (Reimbursement)
Pension
SUB - TOTAL
ADMIN PAYMENTS - OFFICE
Travelling (Office)
Car Repair and Maintenance
Car insurance
Medical Examiner's Fee
Medical Retainership Fee
Law Charges
Advertisement
 Printing and Stationary (Zonal Office)
Printing and Stationary (PO/DEBT NOTES)
Policy Stamps
Sports Expenses
Postage and telegrams
Telephone
Revenue Stamps
Electricity, Water and Gas
Entertainment
Bank Charges
Conference and meetings
Conference supplies and repairs
Cash/Asset. Ins. And security
Office Maintenance (Janitorial)
Office Maintenance (Office Security)
Office Repairs
Rent (State Life Owned Buildings)
Rent (Other Buildings)
SUB - TOTAL
TOTAL
 Risk Impact
Mistatement and fraud/Human Error
Inappropriate serial numbers,wrong vouchers and dates
Fraud,Mistatement,lack of required skill
Informal Budget,Unnecessory incremints
Involment in misstatement and fraud
Non-Seuriosness towards office timings

Allocated Budget 2017

370

1100
5440
27000
OFFICERS
23998
13829
2916
4000
420
1310
250
2846
516
380
270
6000
143
4800
 61678

13892
19166
1331
4052
1461
25
1865
3000
1090
250
2778
600
2180
51690
EA MGRS.
10937
4471
1494
1392
2734
2187
23215

132
200
50
2750
385
62
39
 1690
825
5500
6
1485
550
187
5000
313
660
400
161
1235
1189
1044
298
4100
454
28715
165298
Budgeted
 Suggested Controls Level of control
Software Update/smart report
Minimum three times review
Merit-based Hiring
Reiview from upper authorities
Accountability of Auditors
Manualy atendance + thumb Atedance must

Actual
Additional Surrendered
Utilized Amounts

353 17
0
912 188
6365 -925
28400 -1400
0
23077 921
15619 -1790
2780 136
2780 1220
238 182
1378 -68
126 124
2826 20
508 8
321 59
260 10
10287 -4287
129 14
4369 431
64698 -3020
0
13786 106
19096 70
1480 -149
3946 106
1107 354
24 1
1870 -5
3025 -25
1107 -17
210 40
2498 280
594 6
2151 29
50894 796
0
11180 -243
6769 -2298
1712 -218
1550 -158
4992 -2258
1863 324
28066 -4851
0
154 -22
185 15
37 13
1478 1272
380 5
46 16
34 5
 1657 33
820 5
8253 -2753
0 6
873 612
474 76
184 3
6034 -1034
300 13
1727 -1067
396 4
159 2
1072 163
1101 88
1091 -47
296 2
4090 10
262 192
31103 -2388
174761 -9463
Actual Incurred