QUERIES
hi, as i have to do statutory bank audit i will be thankful to you if anybody can pls give tips on how to conduct it.

27th March 2011 From India , Mumbai

check:
1. cash on hand
2.Loan documents
3.NPA and provisions
4.Head office a/c reconciliation
5.Income recgnition
Also ask for Previous audit report and issues outstanding as on date.
Remember bank audit is time bound and format oriented.
N.Subramani

28th March 2011 From India , Bangalore
Whatever Mr. Subramani has suggested correct. Besides these you also check Bonus paid statement and submission of the same, Income Tax paid in time or nor, whether any penal interest was paid,NPA under carpet i. e. proper classification of advance portfolio, ECR in every Big Borrowal accounts are the some of major things to be looked after.Stock audit of selected customers are also required.
8th October 2015 From India, Jamshedpur
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