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Concurrent audit of bank

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Querist : Anonymous (Querist)
22 September 2016 How to conduct concurrent audit of bank ? What is verify in bank guarantee?

23 September 2016 the audit programme is normally given by the AUDITEE bank. We need to follow the same.
In Bank Guarantee, check guarantee register.
Also vouch the guarantee invoked, if any
Try to relate the limit (fund based + non fund based) of each client, and check if it is within the limit.
Check the Guarantee commission charged...as per sanctioned letter



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