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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
What else can I help you with?
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 full form of lfar in bank audit?
Long Form Audit Report
Which type of audit is compulsory for a banking organization?
"CONTINUOUS AUDIT" is essential to a bank so as to maintain a correct flow of amount in both in and out flow.
How can you avoid leaving a paper trail when you are in an audit?
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.
Difference between audit plan and audit program?
an audit program may contain several audit plans
What is concurrent audit of bank?
the bank sets a questionaire which has to be checked and reported
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.
What is the main difference between the duties of a bank audit department and the duties of a Federal Reserve Bank examination team?
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.
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 full form of lfar in bank audit?
Long Form Audit Report
Which type of audit is compulsory for a banking organization?
"CONTINUOUS AUDIT" is essential to a bank so as to maintain a correct flow of amount in both in and out flow.
What resources does the American Institute of Certified Public Accountants' Audit Committee Effectiveness Center provide?
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.
Is addition and subtraction is a part of commercial mathematics?
audit to bank working system
What is concurrent audit in patient record?
Concurrent audit in patient records refers to the real-time review of medical documentation and processes during a patient's treatment journey. This approach ensures that patient care standards are met, compliance with regulations is maintained, and any discrepancies or issues are identified and addressed promptly. It helps improve the quality of care, enhances patient safety, and supports efficient resource management within healthcare facilities. By analyzing records as events occur, concurrent audits can lead to immediate corrective actions and better health outcomes.
How state bank of Pakistan carried out audit of bank and financial institution?
mga baliw umaasa kayo sa gogle bobo
What powers are shared by the federal and the state governments?
concurrent
