CA SHRINIWAS Y JOSHI I N D E X Introduction 2 Joint Auditors Responsibilities 3 Common Controls Centralized Controls 5 Group Audit Instructions I N D E X Typical business cycles covered as part of audit of ID: 934552
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Slide1
Technical Guide on Audit of Internal Finance Controls in Case of Public Sector Banks
CA SHRINIWAS Y. JOSHI
Slide2I N D E X
Introduction
2. Joint
Auditors’
Responsibilities
3. Common Controls
Centralized Controls
5. Group Audit Instructions
Slide3I N D E X
Typical business cycles covered as part of audit of
IFCoFR
of a PSB
Scoping of branches for testing
IFCoFR
Entity Level Controls
9. Segregation of duties
Slide4I N D E X
10. General Information Technology Control (“GITC”) and scoping of testing GITC
11. Testing Information Used in Control (“IUC”)
12. Financial Closing and Reporting Process (FCRP)
13.Using the work of Internal auditor
14. PSBs use of service
organisations
Slide5I N D E X
15. Timeline for testing controls
16. Evaluation of misstatements – aggregation of control deficiencies
17. Audit Report of
IFCoFR
18. Other certifications and reports issued by the SCAs and
SBAs
19. Year one (Year ended on March 31, 2021) considerations
Slide6THANK YOU…