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Audit of banks

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Guest

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Guest (Querist)
20 August 2012 What is the procedure for the audit of banks?? is it different from ordinary audits??
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Amol S Joglekar

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Amol S Joglekar (Expert)
20 August 2012 basically it aims at NPA audit. (Non performing audit) in addition to regular points to be checked.
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CA Lokesh Pokharna

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CA Lokesh Pokharna (Expert)
20 August 2012 it depends on whether it is a concurrent audit or a statutory ???

procedure is simple in concurrent audit - checking of routine work and in statutory - % checking in different class of assets & liabilities.
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