CONCURRENT AUDIT

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Refer for Banks previous auditor's, concurrent audit report...further if u r a CA final Student than refer topic Audit of Banks u will get lot of information

hi !

Concurrent Audit of Bank covers almost all the areas including Information Systems Audit. If you have a look at a good Concurrent Audit Report you will get fairly good idea about it.Yes, I have prepared a Check List for some areas of Concurrent Audit including Information Systems Audit.  In case you need one, I can mail it to you.

Thanks,

Vinod

Thank You Mr. Mohan Dagha and Mr. Vinod

Mr. Vinod i will need your check likst

Please mail it to nikky.damani @ gmail.com

Thanking You

hi Vinod

i would like to read the check list for concurrent audit. Will u please mail me the same. my email id is rahul.mishra @ icai.org.

Thanx

if you are doing concurrent audit of a bank branch then following are the important area of audit :-

1. NPA classification

2. C.C. hypothication

3. INSDET

4. nri proofs

and a/c opning form (see all KYC requirements fullfilled or not .beacause you can deduct more then 2 marks for one KYC query )

Madhusudan kabra

Thank U

Madhusudan kabra

Hi ,

You can check following:

1.KYC Norms compliance by bank

2.NPA

3.Physical cash verification

4.Physical Stationery verification and security measures applied by bank for stationery items

5.Cash retention limit of the branch and if cash is exceeding that limit, branch should report to HO/RO

6.During the month new CC/OD/SB/Current account opened.

7.Very important- documentation of these above opened accounts. for CC/OD, documents should be as per sanctioned letter (strictly)

8.Monthly Stock statement in case of CC/OD account

These are few broad areas which you must check, apart from these things, as you will do the audit, you will understand many things.

Thanks

Hi,

I am attaching a real life checklist of concurrent audit as required by Canara Bank

Plz let me know that if you want anything else in this regard

hi Vinod

i would like to read the check list for concurrent audit. Will u please mail me the same. my email id is

vidhya_Seshadri @ yahoo.com

Thanx

hi Vinod

i would like to read the check list for concurrent audit. Will u please mail me the same. my email id is akashbehrani88 @ gmail.com

Hey, can anyone give me the Proforma of "CONCURRENT AUDIT" of a Private Limited or Limited Company (engaged in Trading & Manufacturing Activities), i.e. i mean to say that the Concurrent Audit Report should contain________?????

&

also The Auditors Report on Concurrent Audit

Note: I don't want for Banking or Insurance Sector

thanks for sharing