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?
22 September 2016
In concurrent audit you have to verify loan documents
In bank guarantee you should see that is the period if BG is over or not if it is over whether the contingent liability is reversed or not in the books of acc.BG form whether the protection clause is there or not
Thanks
In bank guarantee you should see that is the period if BG is over or not if it is over whether the contingent liability is reversed or not in the books of acc.BG form whether the protection clause is there or not
Thanks
23 September 2016
Other details will be provided by HO/ZO of the banks.Just follow the circular
Best of luck
Best of luck
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