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Bank concurrent audit

This query is : Resolved 

30 October 2015 how to start a bank concurrent audit??major poin ts and daily routine to be considered for this???

30 October 2015 now a days, the bankers give the format of activities and report format to be adopted.
Please try to get the one from any of the nationalised bank.

The starting point can be any... liability (deposits) to assets (loans) or vice versa

30 October 2015 what poitns to be checked out for loan documentation??




02 November 2015 01. Sanction letter terms
02. Security offered and its current market price
03. NPA position of each loan account.
04. Interest calculation.
These are the prime focus areas.

03 November 2015 how can we recognize poor turnover of the borrower??what is the criteria and ratio calculation for this???

03 November 2015 and what is the veeting of document???from whom it is to get done??

03 November 2015 the borrowers are dutybound to submit the documents to banker.
A Chartered Accountant can vet these documents.



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