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Bank Audit (A Practical Guide For Bank Auditors)

Bank Audit (A Practical Guide For Bank Auditors)

  • ₹475.00

In Stock
  • Author(s): CA Anil K. Saxena
  • Brand: Taxmann
  • Edition: 3 Ed 2017
  • ISBN 13 9789386482068
  • Approx. Pages 332 + Contents
  • Format Paperback
  • Delivery Time Normally 7-9 working days

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Description
Incorporating

•     Changes in Prudential norms post demonetisation
•     Branch audit of demonetisation
•     Practical guidance on NPA identification including Agricultural loans
•     Comprehensive Branch Audit Programme FY 2016-17
•     Detailed guidance on finacle and BaNCS
•     Updated with latest RBI Master Circulars, Master Directions and Circulars
•     Step wise "end to end" Practical guidance
Pain seems to have taken a permanent seat in the Indian banking industry since the global financial meltdown in 2008. Plagued by deteriorating asset quality ever since with a desperate need to recapitalise; demonetisation of currency notes on 8th November 2016 sucked out whatever hope the industry had of improving the asset quality. As per a press report, bad loans now constitute 11% of the gross advances of PSU banks, with total NPAs standing at a whooping Rs. 6.15 lac crore as of December 2016, a surge of 56.4% during the 12-month period ended 31st December 2016. The deterioration has been rapid from a level of Rs.1.58 lacs crore and at 3.87% as at December 2012.
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Contents
1.    Appointment letter Received - What next?
2.    Your backbone - Strong Planning
3.    Back Office - Start Preparing
4.    Reached the Branch - What do I do?
5.    Balance Sheet Review
6.    Statement of Profit & Loss
7.    Identification of NPAs : A Practical overview
8.    Non-Performing Advance : Assessment of Provision
9.    Advances : Restructuring Demystified
10.    Restructuring : Consortium & Multiple Banking
11.    Restructuring under CDR Mechanism
12.    Housing Loans
13.    Audit of Agricultural Advances : Made easy
14.    Restructuring - Natural Calamities
15.    IS Audit - Finacle : Guidance
16.    IS Audit - BaNCS@24 : Guidance
17.    Miscellaneous Guidance on other matters
18.    Certification by Concurrent Auditors
19.    Stock Audits : Guidance
20.    Asset Classification : Summary of RBI Guidelines
Appendix 1:    Draft letter seeking No Objection from the previous auditors'
Appendix 2:    Draft Engagement Letter to be sent to the Appointing Authority
                        of the Bank (in terms of SA 210: Agreeing to terms of Audit Engagements)
Appendix 3:    Relevant RBI Master Directions Circulars etc., issued after the
                        Master Circular dated 01.07.2015 relevant to Bank Audits for
                        the year ended 31st March, 2017.
Appendix 4:    Draft Bank Branch Audit Programme 2016-17
Appendix 5:    Draft enquiry letter to be sent to the Branch prior to
                        commencing the audit
Appendix 6:    Draft Management Representation Letter to be obtained
                        from the Branch Management (Refer to SA 580)
Appendix 7:    Draft Audit Report of the Branch Auditor of a Nation¬alised Bank
Appendix 8:    Draft replies to Ghosh Committee recommendations
Appendix 9:    Draft replies to Jilani Committee recommendations
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Author Details
Anil K. Saxena
qualified as a Chartered Accountant in the year 1984 and has been in active professional practice since then.
He has been practicing in the field of Audit and Assurance and during the past three decades has gathered wide range of experience in the Central Statutory Audit of Public Sector, Private Sector, Cooperative and Regional Rural Banks apart from other types of audits in the banking sector including forensic audit and Concurrent audit of CDR monitored accounts. Other than the banking sector, he has handled the Statutory and Internal/Management audits of a wide range of Companies in various sectors (Public and Government). Apart from having handled specialized assignments relating to SOX compliance, Inspection of Mutual Funds and Stock Exchanges on behalf of SEBI, he has also handled assignments relating to development and implementation of accounting systems.
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