Bank Audit - 8. page

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 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.

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 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 […]

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 […]

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.  […]

The auditor is expected to comment on the following aspects of the system for ensuring compliance with the SLR/CRR requirements:  System of compiling weekly DTL position from branches.  […]

Cash The auditor is required to comment on cash operations as under:  System of monitoring of cash at branches; and Management of cash through currency chest operations.  Insurance […]

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 […]