Concurrent audit of bank
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 September 2016
How to conduct concurrent audit of bank ? What is verify in bank guarantee?
Amol S Joglekar
(Expert)
23 September 2016
the audit programme is normally given by the AUDITEE bank. We need to follow the same.
In Bank Guarantee, check guarantee register.
Also vouch the guarantee invoked, if any
Try to relate the limit (fund based + non fund based) of each client, and check if it is within the limit.
Check the Guarantee commission charged...as per sanctioned letter
In Bank Guarantee, check guarantee register.
Also vouch the guarantee invoked, if any
Try to relate the limit (fund based + non fund based) of each client, and check if it is within the limit.
Check the Guarantee commission charged...as per sanctioned letter
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