Concurrent audit of bank

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Querist : Anonymous

Querist : Anonymous (Querist)

22 September 2016 How to conduct concurrent audit of bank ? What is verify in bank guarantee?

Unnikrishnan B

Unnikrishnan B (Expert)
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22 September 2016 In concurrent audit you have to verify loan documents

In bank guarantee you should see that is the period if BG is over or not if it is over whether the contingent liability is reversed or not in the books of acc.BG form whether the protection clause is there or not

Thanks

Unnikrishnan B

Unnikrishnan B (Expert)
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23 September 2016 Other details will be provided by HO/ZO of the banks.Just follow the circular
Best of luck