Please Wait ..

Sign-in to your account


Username:
Password:

Remember Me

Forgot your password?

Sign-up now



Join CAclubindia.com and Share your Knowledge. Registered members get a chance to interact at Forum, Ask Query, Comment etc.


Discussion > Audit > Internal Audit >

Concurrent Audit in a Bank

    Post New Topic
Pages : 1





Article Assistant

[ Scorecard : 798]
Posted On 29 June 2011 at 19:54 Report Abuse

Is there any excel file through which penal Interest can be computed and cheked for a bank for preparing cincurrent audit report and pls mention wht types of transaction on which penal int is to be chgd...?


Online classes for CA CS CMA



CA.kaya
Chartered accountant

[ Scorecard : 3958]
Posted On 29 June 2011 at 20:40

actually bank clerk keep 'penal int manual' in print or in electronic form. in that all transaction which attract penal int will be listed. u ask them to gve that manual .

eg of penal int: late submission of stock statement attract penal int. this is one eg. 





ashish gupta
student

[ Scorecard : 1897]
Posted On 29 June 2011 at 21:40

ya and the rates of intt. are also decided by banks and forwarded to the branches as guidelines.




ABHINANDAN JAIN
Article Assistant

[ Scorecard : 798]
Posted On 29 June 2011 at 21:41

@ Kaya

Thxs for replying.

Can u pls let me how to calculate penal interest for late submission of stock statement if the rate is 2%.

Problem is when i hv calculated this interest in bank where i'm audit asst., i found diff of 2 to 3 rupees in each account whose statement has been submitted after the due date.

Is service tax is also levied along with int..

pls reply




suneet
CA FINAL

[ Scorecard : 416]
Posted On 30 June 2011 at 09:30

so you can take a reference from this file
 




ABHINANDAN JAIN
Article Assistant

[ Scorecard : 798]
Posted On 01 July 2011 at 12:07

Originally posted by : suneet

so you can take a reference from this file
 

wht u r trying to say i hv not undertstood...



There are 5 Replies to this message









Related Files








Related Threads


Post your reply for Concurrent Audit in a Bank



Your are not logged in . Please login to post replies

Click here to login


Not a member yet ?? Click here to signup

Message







    

  • Use thank button to convey your appreciation.
  • Maintain professionalism while posting and replying to topics.
  • Try to add value with your each post.



Forum Home | Forum Portal | Member Control Center | Who is Where | Popular Threads | Today's Topic | Recent Posts | Today's Posts | Post New Topic | Thread With Files | Top Threads This Month | Forum Stats | Unreplied Threads

back to the top