Letter of credit processing charges
This query is : Resolved
13 December 2011
WHILE DOING INTERNAL AUDIT OF LC PROCESSING CHARGES WHAT ARE FACTORS TO BE
SCRUTINIZED/ WHAT ARE DOCUMENTS TO BE OBTAINED?
SCRUTINIZED/ WHAT ARE DOCUMENTS TO BE OBTAINED?
Hari Beldona
(Expert)
13 December 2011
1.No of LCs opened during audit period
2.Copies of lcs opened find out for what amount lcs are opened
3.Find out from the particular Bank what is the lc processing charges
4.Find out the charges debited by Bank correct as per processing charges
5.Debit advise by the bank for charging lc processing charges
Above points are indicative only
2.Copies of lcs opened find out for what amount lcs are opened
3.Find out from the particular Bank what is the lc processing charges
4.Find out the charges debited by Bank correct as per processing charges
5.Debit advise by the bank for charging lc processing charges
Above points are indicative only
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