Bank Branch Statutory Audit Update. Total Number of Bank Branch Statutory Auditors (Category wise) Appointed and Total Number of Bank Branches Audited . CLICK ON THE LINK TO WATCH COMPLETE VIDEO,,,, https://www.youtube.com/watch?v=yEy0nBKEseM

Core Banking System - CBS A composite system / software which handles Transactions, Customer Relations, Regulatory compliances, MIS / Reports request is the need of an Hour. Core Banking Systems provide the solution for the same. There are various Core Banking Software's available in the market. Role and Responsibilities of the Bank Considering the importance of IT systems in the preparation and presentation of financial statement, it is imperative that the bank should share detailed in...

Registration of Transactions with CERSAI:- In terms of circular DBOD.Leg.No.BC.86/09.08.011/2010-11 dated April 21, 2011 on ‘Setting up of Central Electronic Registry under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act 2002’, as amended from time to time, banks are required to register, on an ongoing basis, the transactions relating to securitization and reconstruction of financial assets on the CERSAI portal. Banks al...

Role and Responsibility of the Auditor - SA 240 | Fraud Detection Techniques in Banks | Tips for the Auditors to identify frauds in Bank Branch Audit. Types of Fraud in Banking System:- There are numerous ways in which banking frauds are committed. The frauds committed in banking system can be classified under different types, based on the historical data available. Some examples of banking frauds are as under: Account Opening Fraud: This involves an account being opened with either fake or o...

Important Update for Bank Branch Auditors - Must Check Appointment Letter and Terms of Engagement Important Update for Bank Branch Statutory Auditors - Must Check Appointment Letter and Terms of Engagement and check regarding Reporting of Material Irregularities mentioned there. Many Banks have added in Appointment Letter, Terms of Engagement shall require reporting of all material irregularities, including frauds, concurrently to the Chairman of the ACB as well as the Managing Director & ...

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