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Taxmann’s Practical Workbook for Bank Branch Auditors - One-stop-reference Manual cum Audit Notebook (with Hints & Checklists) in accordance with ICAI Standards on Auditing (SAs) and RBI Guidelines

Taxmann’s Practical Workbook for Bank Branch Auditors - One-stop-reference Manual cum Audit Notebook (with Hints & Checklists) in accordance with ICAI Standards on Auditing (SAs) and RBI Guidelines

          
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About the Book

One-stop-reference manual cum audit notebook (with Hints & Check-Lists) for statutory branch auditing with complete & current contents. This book is written to reduce the audit risk, besides documenting the audit work simultaneously.This book is helpful for branch auditors in accomplishing their branch audit more purposefully & bringing more comfort to the Statutory Central Auditors, Boards and Management.The Present Publication is the 6th Edition & amended up to 1st March 2022, authored by CA Ishwar Chandra, with the following noteworthy features:[New Chapters] have been added in this book, which are as follows:o Audit of Provisioningo Audit of Resolution of Stressed Assetso Audit of Restructurings including the following: § Agriculture§ MSME Advances covering RBI Resolution Framework - 1.0 & Resolution Framework 2.0[Complete & Current Contents]o New Directions for Banks on Financial Statements Presentation and Disclosures [30th August 2021] o New Master Circular on Income Recognition, Asset Classification and Provisioning (IRACP) [1st October 2021] o Various other new Directions were issued by the RBI in 2021[Revised Chapters on CBS Environment] Useful System Generated Reports & CBS reports, which are helpful for the auditors (which are also available in Finacle 10, BaNCS and Flexcube), have been added[Changes made by RBI’s Extant Guidelines] have been added in the following chapters:o Audit of Capital Adequacyo Special-purpose Certifications[RBI’s LFAR Review] has been added in the chapter of LFAR Procedures, which seeks information from banks’ head office and the branches; various formats suggested to collect the information have been modified based upon such new audit requirements[Procedures for Accepting/ Planning/ Performing and Reporting an Audit] along-with audit procedures for Branch Audit/ LFAR/ Tax Audit and Special Purpose CertificationsThe contents of the book are as follows:o Introduction to Audit of Financial Statementso Pre-Acceptance Procedureso Post-Acceptance Procedureso Planning Considerationso CBS Environment: Useful System Generated Reportso Offsite Planningo Onsite Planningo Performing Preliminary (Routine) Audit Procedureso Audit of New Advanceso Audit of Credit Monitoringo Audit of Special Mention Accounts (SMA) o Audit of Income Recognition and Asset Classificationo Audit of Provisioningo Audit of Resolution of Stressed Assetso Performing General Ledgers (GL) and Profit & Loss (PL) Audit Procedureso Long Form Audit Reporting (LFAR) Procedureso Audit of Capital Adequacyo Special-Purpose Certification Procedureso Issuing Independent Branch Auditors’ Report About the Author Ishwar Chandra Born on 10th February 1969, commerce graduate from St. John’s College Agra, Ishwar Chandra is a Fellow Member of the Institute of Chartered Accountants of India (ICAI). He has been a Chartered Accountant practising since 1993 and is Partner in M/s. IC & Associates, Agra. He holds DISA from ICAI and CISA from Information Systems Audit & Control Association (ISACA) USA. He holds Certificates in IFRS, Forensic Accounting and Fraud Detection (FAFD) and Concurrent Audit of Banks.Mainly practising auditing, his significant work experienceincludes Concurrent Audit, IS Audit, Stock Audit, Income & Expenditure Audit and External Audit of various Commercial, Regional Rural and Co-operative Banks and Internal & External Audit and other assignments of PSUs.His approach and procedures articles on auditing of banks have been published in ‘The Chartered Accountant’ Journal of ICAI. He is the author of Five C’s of IT Policy published in ‘Internal Auditor’, of the Institute of Internal Auditors, (USA). He has been one of the Subject Matter Expert (SME) Reviewers of ISACA’s CISA Review Manuals (26th and 27th Editions) and contributes to IS auditing to ISACA. He has participated in the International Federation of Accountants (IFAC) consultation paper ‘Improving Auditor Reporting’.In h


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Product Details
  • ISBN-13: 9789393880437
  • Publisher: Taxmann
  • Binding: Paperback
  • Language: English
  • Width: 100 mm
  • ISBN-10: 9393880433
  • Publisher Date: 03 Sep 2022
  • Edition: Sixth 2022
  • No of Pages: 408


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Taxmann’s Practical Workbook for Bank Branch Auditors - One-stop-reference Manual cum Audit Notebook (with Hints & Checklists) in accordance with ICAI Standards on Auditing (SAs) and RBI Guidelines
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