I would step into the bank-branch with my identity.
I shall ask for the monthly printout from the branch containing all data as on the last Friday of the previous month.
The order of inspection is as follows
1.Cash: excess of cash holding against sanctioned limit
2.Deposits:KYC norms and genuine txns
3.Advance:Compliance of documents for the disbursed sanctions,Stock statements,Excess of sanctioned limit,TOD,etc
4.Income and Expenditure:
5.Clearing
6.FX
IF BANK NOT COVER CHARGES TO ITS CUSTOMERS THAN WE SAID THAT ITS A REVENUE LEAKAGE. CHARGES MEANS-INTERESTS,INSPECTION CHARGES, PROCESSING CHARGES, LOCKER RENT CHARGES etc.
Long Form Audit Report
"CONTINUOUS AUDIT" is essential to a bank so as to maintain a correct flow of amount in both in and out flow.
One way to avoid leaving a paper trail for when you are in an audit is to transfer your assets offshore. Although be careful and make sure that your assets aren't sent by a bank that is located directly in your country.
between financial audit and cost audit
the bank sets a questionaire which has to be checked and reported
A concurrent safety audit is a safety audit performed at the same time as some other activity, often a financial audit.
Concurrent audit is a systematic and timely examination of financial trascation on a regular basis to ensure accuracy, compliance with procedure and guidelines.
The main difference between the duties of a bank audit department and the duties of a Federal Reserve Bank examination team is: The duties of a bank audit department cannot audit the ederal Reserve Bank examination team but the duties of a Federal Reserve Bank examination team can audit the bank audit department.
IF BANK NOT COVER CHARGES TO ITS CUSTOMERS THAN WE SAID THAT ITS A REVENUE LEAKAGE. CHARGES MEANS-INTERESTS,INSPECTION CHARGES, PROCESSING CHARGES, LOCKER RENT CHARGES etc.
Long Form Audit Report
"CONTINUOUS AUDIT" is essential to a bank so as to maintain a correct flow of amount in both in and out flow.
The components of the center are the Audit Committee Toolkits (corporate, not-for-profit, and government), Audit Committee Matching System, Audit Committee e-Alerts, and a bank of materials containing information for and about audit committees.
audit to bank working system
mga baliw umaasa kayo sa gogle bobo
concurrent
Concurrent Powers