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How to audit fw txns entered by a bnk

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(Querist)
16 August 2012 Respected Experts..

pls anyone share your knowledge of auditing forward contracts entered by a bank with respect to forex transactions...

What are the main documents that are reqd. to be audited/checked by a concurrent auditor...

Pls share any type of formula enabled excel sheet of doing concurrent auditing of a forex transaction or fw contracts processed by a forex bank branch..

share anything with reagrd to forex business transaction of bank..how these txn processed..wht are the procedures...products offered by a typical forex bank branch...

thank you...
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Amol S Joglekar

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Amol S Joglekar (Expert)
16 August 2012 Banker acting as DEALER or otherwise is the CRUX. Acting as dealer will permit you find out the actual transaction that has taken place. The commision earned shall be the income of the bank. Or otherwise... has various domensions... you need to checkwhether bank acting in good faith and without neglegence.... speculative motive and so on.
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