Inter-branch Reconciliation These are: Comments on the system/ procedure and records maintained. Test check for any unusual entries put through inter-branch/ head office accounts. Position of outstanding […]
Audit - 9. page
Branch Inspections
Branch Inspections These are: System of branch inspections: frequency; scope/ coverage of inspection/ internal audit, concurrent audit or revenue audit; reporting. System of follow-up of these reports; position […]
Dealing Room Operations
Dealing Room Operations The auditor should obtain and comment on the observations forming part of the System Audit Report of Dealing Room required to be conducted in terms of RBI […]
RBI Inspection
RBI Inspection The auditor should obtain and comment on the observations forming part of Annual Financial Inspection u/s 35 of the Banking Regulation Act, 1949 conducted by RBI.
Written Guidelines/Instructions/Manual for Accounting Aspects
Written Guidelines/Instructions/Manual for Accounting Aspects Generally, every bank has a written guidelines/manual/ instructions, which describes in detail, the procedures to be followed for executing various types of transactions. The manual […]
Call Money Operations
Call Money Operations The auditor is required to make comments on system relating to call money operations as under: System related to inter-bank call money. The auditor should verify […]
Asset Liability Management
Asset Liability Management Regarding asset liability Management, the auditor is expected to make comment on the following aspects: Existence of Policy on Asset – Liability Management and monitoring thereof; […]
Functioning of Asset-Liability Management Committee
Functioning of Asset-Liability Management Committee RBI has issued guidelines on ALM system vide circular no BP.BC.8/21.04.098/99 dated February 10, 1999 advising banks to give adequate attention to put in place […]
Large Advances
Large Advances In respect of large advances, the auditor’s responsibility is as under: Comments on adverse features considered significant and which need Management’s attention. In the normal course of […]
Liquidity and Funds Management
Liquidity and Funds Management Investments The auditor is expected to comment on the following aspects of investments: Existence of investment policy and adherence thereto; compliance with RBI guidelines. […]