PPT-Concurrent Audit of Banks- Loans and Advances

1 BANK AUDIT MARCH 27 2016 NEW DELHI Presenter CA Akesh Vyas disclaimer The views expressed in the following presentation should not be construed as the view of ICAI or my firm. 316 A Details of Borrowing Arrangements from Other Banks Institutionwise and Facilitywise I Name and address of bank institution Facilities availed A Fundbased credit facilities Indicate the nature of facilities eg working capital demand loan ter CA SAMIR PARIKH. 11.05.2013. INTRODUCTION. Users Of Financial Statements Need Information For Making Economic Decisions.. Wants To Know Liquidity, Solvency And Risks Related To Assets And Liabilities.. Supervise a nation’s money supply and payments system.. Act as the chief regulator of the nation’s financial institutions. Be “lender of last resort” when financial system has liquidity problems.. By . Ca SUNITA SONI . &. CA ALTAF GOHIL . BARODA BRANCH OF WIRC OF ICAI - STUDY CIRCLE MEETING Date : 28/04/2015. Bank Concurrent Audit. (. ADVANCES,OPERATIONS & REVENUE Leakages). INTRODUCTION.  . Have a clear understanding of the scope and nature of assignment..  . Study the Account closing Circular, intimation from HO on the scope of the audit and Instruction on completion of the . audit, Manual of instructions of the bank and circulars issued during the year. . CA . Rakesh. . Awasthi. M Com, ACA, ACS,CISA (USA),CAIIB. Statutory Restrictions. Advances against bank’s own shares. . In terms of Section 20(1) of the Banking Regulation Act, 1949, Bank cannot grant any loans and advances on the security of its own shares.. and other priority sector . advances . CA. Dr. . Dilip. V Satbhai. . B.Com. (. H. ons. ),. LL.M.(First rank), Ph. D.(Law), F.C.A. DISA(. icai. ), DIRM(. icai. ). Senior Partner – Laws, Taxation & Assurance : . CA SAMIR PARIKH. 11.05.2013. INTRODUCTION. Users Of Financial Statements Need Information For Making Economic Decisions.. Wants To Know Liquidity, Solvency And Risks Related To Assets And Liabilities.. Chapter 14 Money and Banking. Modified by:Yun Wang. Fall 2017, Florida International University. Defining money by its functions. 1. Explain the various functions of money. Money is anything that is generally accepted as a medium of payment.. 186202 211684 262005 297765 353129 479886 543228 630582 714323 LBP million 557535 627354 703252 781392 842292 939572 1078811 1455767 1526219 LBP million 59614 6210 ). Management of Banking & Insurance. Unit-IV. Lending: Principles of Sound Lending. The commercial banks act as financial intermediaries between the saving public and investors. The financial resources mobilised by banks are lent to various productive sectors in the form of loans and advances. A bank faces several risks in granting loans and advances. Therefore, banks follow a cautious policy and follow the principles of sound lending of funds. The loans and advances should be repaid as per the terms and conditions on due time. If there are delays in payment of principal or interest, the loan becomes non-performing assets(NPAs). Bad and doubtful debts reduce the profitability of banks and adversely affect the capital base. Hence, while making loans and advances, some general principles of lending are followed by banks.. P.M.VEERAMANI, FCA , RGN PRICE & CO. BANK AUDIT -2021 – . COVERAGE. . New Formats . of Branch LFAR. New . reporting requirement . for . PSB – . Internal Financial Controls. Annexure to audit appointment letter – . Internal Sources. External Sources. Internal Sources. Raised from the within the enterprise itself.. Owner’s capital – deposits, equity, loans by owner, partners, directors.. Personal loans – Provident fund, LI policy, buildings, investments, retention of profits, conversion of some assets. Seminar on Bank Audit – 2016. Bank Branch Audit Practical Aspects . CA Niranjan Joshi. 23.03.2016. Restriction on Disclosure and Use of Data. The data in this document contains trade secrets and confidential or proprietary information of .