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bank audits

Nilesh (16 Points)

10 May 2007

please help me out ,how to do bank audits.?i have to do audits of banks but ia dont know even abcd of that.please give me some response. my email id is

caforprofessional @ yahoo.com

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3 Replies

Ajay Banka (Service) (31 Points)
Replied 10 May 2007

Well Nilesh just go through varous books published by author, institute guidelines available on website of institue, recent ICAI journals, RBI requirement and most importantly the profile of bank you are working with what is there requirement in which field they are active and in what format they want the report

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Gayathri Kumar (55 Points)
Replied 10 May 2007

Hi Nilesh

This article which came in "The Chartered Accountant" journal march 06 edition might give you a broad idea or an approach to conducting bank audits.

Refer this link
https://www.icai.org/icairoot/publications/complimentary/cajournal_mar06/1322-1327.pdf

Regards
Gayathri

Sri Harsha (13 Points)
Replied 10 May 2007

Nilesh,

There is a guidance note issued by ICAI on Audit of Banks. Once you are certain of the areas you would have to verify, there is a index in there, it makes life much easy.

Another good thing to do would be to discuss with your seniors and seek the checklist they have used. Most of the banks have started issuing checklists for audits.