Concurrent Audit of Bank

CONTENTS
Foreword ............................................................................ iii Preface................................................................................. v Abbreviations.................................................................... vii Glossary .............................................................................. x Introduction....................................................................... xv
Part I: Understanding the Banking Business and Its Legal Framework Chapter 1: Banking in India .......................................................... 3 Chapter 2: Banking Products and Services ................................ 11 Chapter 3: Organizational and Operational Structure of Banks .................................................................... 22 Chapter 4: Internal Control Through Inspection and Internal Audit ............................................................. 28 Chapter 5: Legal Framework and KYC Policies.......................... 35 Part II: Domain of Concurrent Audit Chapter 1: Evolution of Concurrent Audits in Banks................... 59 Chapter 2: General Guidelines on Concurrent Audit .................. 62 Chapter 3: Conduct of Concurrent Audit..................................... 91 Chapter 4: Concurrent Audit Universe and Procedures............ 101 Chapter 5: Checklists................................................................ 123 Chapter 6: Internal Control for Preventive Vigilance................. 186

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Part III: Various Internal Audits (Other Than Concurrent Audit) Assigned to Chartered Accountants Firms Chapter 1 : Checklists of Revenue Audit: Stock and Debtors’ Audit and Credit Audit............................ 199 Chapter 2 : Risk-based Internal Audit ..................................... 205 Part IV: Model Manual of Instruction with Various Reports and Checklist Annexure A A/A A/B A/C A/C1 A/C2 A/C3 A/D1 : Format of Weekly/Monthly Reports......................