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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
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∙ 12y ago
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What is revenue leakage in a concurrent audit?
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.
What is the difference between Financial Audit and Cost Audit Describe each of them?
between financial audit and cost audit
Difference between audit plan and audit program?
an audit program may contain several audit plans
What is the process of preparing an audit?
The process of preparation for audit depends on the kind of audit to be performed, it's objective and scope. The scope of the audit is key to the planning process. The planning required or statutory audit is different from internal audit; it also differs from forensic audit?
What are the advantages in having an audit committee?
the audit committee communicate with internal audit, external audit and CFO on behalf of the company.
What is a concurrent safety audit?
A concurrent safety audit is a safety audit performed at the same time as some other activity, often a financial audit.
What is concurrent audit?
Concurrent audit is a systematic and timely examination of financial trascation on a regular basis to ensure accuracy, compliance with procedure and guidelines.
Is the power to charter banks a concurrent power?
Concurrent power
What power can charter banks Reserved powers delegated powers or concurrent powers?
Concurrent, I believe.
Checklist for statutory audit of banks?
Bakwash
What is concurrent audit of bank?
the bank sets a questionaire which has to be checked and reported
Which of the following is an example of a concurrent power or responsibility?
chartering banks and corporations
What events illustrates an example of concurrent power in which state and federal governments worked together?
chartering banks and corporations
What is a concurrent power a example of?
They are powers shared by both the state and federal government. Both the federal government and the states may charter banks, collect taxes, and build roads. Chartering banks and corporations
Is an example of a concurrent power?
They are powers shared by both the state and federal government. Both the federal government and the states may charter banks, collect taxes, and build roads. Chartering banks and corporations
What powers are shared by the federal and the state governments?
concurrent
What is revenue leakage in a concurrent audit?
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.
