Audit Articles

Account Statement Analysis in Bank Audit

Posted by Udit Vyas 22 May 2021 7683 Views

Discussing the account statement analysis in the case of Cash Credit and Term Loan Accounts as these are the advances that contribute maximum in the bank’s fund based advance portfolio.

The Anatomy of Controls

Posted by Nishanth 18 May 2021 15685 Views

This was first posted on my website www.theauditschool.com. Every step I take in learning new things about internal controls, audit or risk management, I like to take two steps back to see the basic concepts which I have learnt years back and see

Surprise Checks under Audit

Posted by ABINAYA SURESHBABU 15 May 2021 39917 Views

The main focus of Surprise Checks under Audit is on internal control; they check whether the system of internal control is operating effectively or not.

5 Things CFOs Should Do In Planning Process

Posted by Sonia Jaspal 09 May 2021 20604 Views

In December, senior management focuses on formulating strategies. Department heads prepare business plans and budgets. Risk management departments define the next years agenda and plans. Everyone works hard at planning and preparing for the

Risk Management Failures in Kingfisher Airlines

Posted by Sonia Jaspal 09 May 2021 27993 Views

The king of good times is facing hard times. Launched in 2006, with much fanfare by its Chairman, Mr. Vijay Mallya, Kingfisher Airlines (KFA) is presently in dire financial straits. After the euphoria abated, KFAs strategy, performance and

Risk Management Induction Training To Business Teams

Posted by Sonia Jaspal 09 May 2021 15460 Views

I had joined a new company and was taking the induction training. I thought it would be a good idea to get fellow participants perspective.So I asked a young employee How did you find the risk management

Routine Audit Checks - Greater Task Verification of Bank Reconciliation

Posted by CA Satish Badve 05 May 2021 4540 Views

The verification of a Bank Reconciliation Statement is to be done in all types of audit and is considered a basic task to be carried out by the auditors.

RBI set parameters for appointing Bank Auditor for FY 2021-22 and onwards

Posted by Manish Mehra 02 May 2021 13605 Views

RBI on 27.04.2021 has issued guidelines for the appointment of Statutory Central Auditors of commercial banks (excluding RRB), Urban cooperative banks (UCBs) and NBFCs including Housing Finance Companies.

All about Internal Audit

Posted by Pankaj Gandhi Jaiswal 01 May 2021 32380 Views

When we run an Enterprize we be too busy in getting the goals or loosing the goals and become biased for the reason of success or failure. If we get success we think that we are strong and if we fail that then think that we

Implement Anti-Bribery Policies

Posted by Sonia Jaspal 01 May 2021 8209 Views

Fashionistas traded their mascaras for a layer of emissions from exhaust pipes. Employees replaced their jackets with white tees imprinted with India Against Corruption slogan. On 24 August 2011, Bangroleans formed a 17-kilometer human