Auditing Credit Portfolio Auditing Credit Portfolio – PART 1 In this article, I have briefed you about the system and procedure for conducting an audit of the Credit Department of a Bank Branch. This shall exhaustively cover the auditing step-by-step and would make it easy for an Auditor/Inspecting Officer to do his job. […]
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Bank Audit
After completing the first step of Cash verification and Jewel Loan portfolio verification, the Inspecting Officer has to carry out the following tasks : Controls and Audit Check whether the Branch Head or the Authorised Officer has been checking the debits made to Income Heads of the Bank, whether manually or by the System.  This has
Controls and Audit in a Bank Branch – Best explanation Read More »
Bank Audit
Commencement of Audit and Inspection : Immediately after sending the Commencement Letter to the Head Office, the Inspecting Official shall start Security verification in the following parameters :  Cash Verification (Commencement of Audit): a) The very first step would be checking the Physical Cash available in the Bank Branch.  This should be done before the
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Bank Audit
Pre-requisites of a Bank Branch Audit : The inspecting Official should possess a Letter of Authority from his Higher Office clearly addressed to the concerned Bank Branch Head stating that Mr./Ms. _______________ _ has been assigned the task of conducting the Audit at the Branch. The Authority Letter should be invariably signed by the Higher
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Bank Audit
Bank Audit Risk Ratings Risk Ratings in an Audit  Audit Risk Ratings The Risk Ratings of a Bank office/Branch is assessed based on its performance with regard to Deposit mobilization, Lending of funds, monitoring of accounts (both Deposits and Advances accounts), and handling of Non-performing Assets.  To enable the Auditors/Inspectors, the guidelines may vary
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Bank Audit
 Bank Branch Audit Disclaimer The article “Audit in Banks” is based on my experience as an Inspecting Official  and  I have purely elaborated my experience (what I was taught and what I learned/experienced) Preamble: The audit is a tool to measure the health of an Organisation. It will help the Management of the Organization to
