Statutory Audit of Banks | Chartered Accountant | Bangalore | Certicom

   2018-10-13       152        Business
Rating :
mandatory bank audits including deposits. interest expenses through verification of Cash & Loan Accounts, tax items in Chartered Accountant Call:9880052923
Statutory Audit – Meaning & Applicability
Statutory Audits are audits determined by different laws such as the Reserve Bank of India, Income Taxes, Company Laws, etc. Chartered accountants need to conduct many audits in accordance with the provisions of different laws.

The Process to Conduct a Statutory Audit

Auditors must ensure that their reports must include quantification of advances, deposits, interest income and interest costs. Important elements for checking the mandatory bank audits are:

A. Cash Verification Procedure

B. Tax Related Items

C. Verification of Loan Accounts

Audit Report

After conducting an audit, the auditor must provide an audit report for the same thing. An auditor is required to make a report as stated in the engagement letter where he must state the following:

I. Does the balance sheet show a true and fair view that contains all the things needed to show a true and fair view of the bank’s business

ii. Whether profit and loss accounts show the actual balance for the period covered by the account

iii.  whether the transactions made by branches that are not in branch power


100x100
Certicom Consultant

Certicom Consulting [ Kedia Arpana & Co ] is a group of Chartered Accountants in the business of Small Business Setup & Statutory Compliance including for Professionals for the past 15 years. We have ..


Random News

safety course in chennai
safety course in chennai..
   2020-04-25       13        Education
Hire the Low-Budget Air Ambulance in Kolkata by Hifly ICU
Hire the Low-Budget Air Ambulance in Kolkata ..
   2019-09-06       69        Health
Canada Payday Loans - A Speedy Solution For Emergency Financial Needs
Canada Payday Loans - A Speedy Solution For E..
   2019-07-09       359        Finance
 Our aim is to act in accordance with two principles:
Our aim is to act in accordance with two pri..
   2018-10-17       146        Arts
Global Quantum Computing Market is Estimated to Reach $495 Million by 2023
Global Quantum Computing Market is Estimated ..
   2019-08-07       87        Business
Best Interior Design Services
Best Interior Design Services ..
   2019-08-26       88        Business
Live Marriage Streaming Chennai
Live Marriage Streaming Chennai ..
   2018-10-21       149        Business
Best Website to Play Satta King online | Live Gali Result | Satta King Agency
Best Website to Play Satta King online | Live..
   2020-05-08       15        Services
Hp Printer Solution +1-855-536-5666 Hp Printer Technical Support Number
Hp Printer Solution +1-855-536-5666 Hp Printe..
   2019-08-08       87        Business
Panchmukhi Air Ambulance in Patna to Easy Patient Shift
Panchmukhi Air Ambulance in Patna to Easy Pat..
   2019-07-16       82        Health
Panchmukhi Air Ambulance from Patna to Delhi in Hospital
Panchmukhi Air Ambulance from Patna to Delhi ..
   2019-08-23       78        Health
ABOUT US

Some quick example text to build on the card title and make up the bulk of the card's content Some quick example text to build on the card title and make up the bulk of the card's content Some quick example text to build on the card title and make up the bulk of the card's content.

TOP AUTHORS
Thomas Shaw
thomasshaw9688@gmail.com
Total Posts : 8610
KEVIN DELTON
kevin.delton1@gmail.com
Total Posts : 1566