27 December 2009
hello friends I want to make my career in banking sector but as of now my knowledge about this is not up to the mark.Even i have not conducted any bank audit during my articleship period.
My articleship will be completed in august 2010 but i want to join banking sector before that so that after qualifying i can get good profile there.will it help me if i appear for bank exams and do a job there and can i get promoted after becoming ca?
27 December 2009
Yes, this is a fit and challening career for a CA.
You can even reach to MD post in a Bank !
Generally; while reading CA course; most of the students tend to "complete" the chapter of "Accounting for Banking, Insurance and Electiricity Comapnies."
Have a thorough knowledge about the accounting of Banking Companies togetherwith Audit Procedure.
If right now you have no opportunity for Bank Audits; TRY NOW and have a leave for one month only in the month of April, so that you can "plan" for such audit with other audit firms.
At that time most of the articled clerks are one leave and these "allotted" ca firms search for such guys who can help them in bank audits.
28 December 2009
Thank you very much sir for replying to my querry. Please tell me in detail how can i search for bank audit. Further whether it will help me to take bank exams like probation officer etc.
28 December 2009
With the help of ca students you might get this information so that when they are on leave; they can make arrangement for such audits with their boss.
In you go for in-depth audit i.e. start of account opening norms (KYC) to audit of loans and advances; definitely you will get an edge in bank exams.
While auditing; see carefully the sanction letter issued by the bank and relevant documents signed by the client in favour of the bank.
See the operation of the relevant loan and advance account keeping in mind regular submission of stock details and payment of interest etc.
02 January 2010
Surendra sir is absolutely correct...Also Try to go thru the financial of very big corporporates, who have recently got the bank credit, look into the debt equity ratio, leverage ratio, current ratio, try to make CMA data.
Have the very basis of Financial management and the knowledge of various banks. try to read yellow pages as much as you can...Best of luck and regards
CAclubindia
