Bankers’ Handbook on Auditing is a comprehensive book covering all the facets involved in auditing. An attempt has been made to cover the length of the auditing subject, keeping in mind the need to provide sufficient depth. This book is divided into four modules:

• Module A – Introduction and Types of Audit
• Module B – Internal Audit
• Module C – Audit in Computerized Environment
• Module D - Audit Aspects of Bank’s Financial Statements

This book also features summaries, keywords, test & answers at the end of each chapter.

The Present Publication is the 2018 Edition, published exclusively by Taxmann for the Indian Institute of Banking and Finance. It is the approved courseware for the examination on Accounting and Auditing.

The contents of the book are as follows:

• Module A – Introduction and Types of Audit
• Introduction, Meaning and Definition of Auditing
• Features, Objectives, Principles
• Benefits, Limitation
• Various types of Audits in Banks:
• Internal Audit
• External Audit
• Forensic Audit
• Systems Audit
• Stock Audit
• Concurrent Audit
• Tax Audit including Service Tax Audit
• Management Audit
• Module B – Internal Audit
• Objectives
• Preparing Audit Programmes, Audit Working Papers and Documentations
• Understanding, Recording and Evaluating Internal Control System
• Internal Audit Procedures
• Analytical Procedures – Evaluations of Financial Information through Analysis of Plausible Relationships among both Financial and Non-Financial Data’
• Risk-Based Internal Audit
• Relation between Internal Audit and Risk Management
• Role of Internal Audit in Risk Management
• Reporting on Risk Management
• Compliance with Auditing and Assurance Standards
• Drafting Audit Reports
• Module C – Audit in Computerized Environment
• Introduction
• System Audit
• Scope of Audit in CIS Environment
• Impact of Changes in Business Processes
• Audit Approach in a CIS Environment
• Types of Computer System
• Effect of Computers on Internal Control & Auditing
• Internal Control in a CIS Environment
• Approach to Auditing in a CIS Environment
• Module D - Audit Aspects of Bank’s Financial Statements
• Advances - Agriculture
• Advances - Other than Agriculture
• Asset Classification, Income Recognition and Provisioning
• Cash, Balances with RBI and Other Banks, and Money at Call and Short Notice
• Fixed Assets and Other Assets
• Borrowings and Deposits
• Capital, Reserves and Surplus
• Other Liabilities and Provisions
• Contingent Liabilities and Bills for Collection
• Treasury Operations
• Profit and Loss Account
• Disclosure Requirements in Financial Statements
• Consolidation of Branch Accounts
• Consolidation of Financial Statements
• Inter-Office Transactions
• Long Form Audit Report in case of Bank Branches
• Long Form Audit Report in case of Head Office
• Basel III Regulations and Disclosures