01 March 2016
As the Name Suggests your entire emphasis should be on Revenue leakages although it can also cover overcharges: Procedure: 1. Period Of Audit 2. Prepare Separate Audit file and Short Audit Programme 3. Study Relevant circulars applicable during Period of Audit 4.Go through Previous Revenue Audit Reports 5. Do sampling as per sampling procedures Areas: 1. Interest Earned 2. Penal Interest 3. Processing Charges 4. CC Renewal Charges 5. Minimum Balance charges 6. Documentation Charges 7. Locker Rent 8. Expenses e.g., Interest Charged