Concurrent bank audit
This query is : Resolved
16 December 2014
During my working I faced a problem regarding revenue leakage where bank charges i.e.Processing and inspection charges are not charged by the bank and given reason that by debiting customer account the drawing power exceeds. Therefore bank is not debiting the charges resulting loss to the Revenue Income of the Bank. Could you please provide me the solutions regarding this that how this Income can be recovered.
16 December 2014
Report it in your audit report. You are not the one to find the solution. The EDP team has to find it out.
It is very hard to believe that due to debit of such a charges, drawing power is affected..... these are face saving excuses.
It is very hard to believe that due to debit of such a charges, drawing power is affected..... these are face saving excuses.
16 December 2014
Thanks sir for your valuable advice.
16 December 2014
You are most welcome.
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