Bank Audit A Complete Study

One Shot Course to Learn Bank Audit

What you'll learn

Legal Framework for Bank Audit

How to approach Bank Audit

Requirements

Basic knowledge of Auditing

Description

What is a Bank audit?It is a procedure performed by an auditor appointed by RBI and ICAI to verify the financial statements of the banking institutions and to verify whether the bank is complying with the applicable regulatory framework or not.It is not something which you will regularly undertake all the days of a year. Instead, for most of the auditors and audit firms, it's a one-time exercise in a year and as a result, knowledge level on the critical areas for most of the auditors will be limited.So, several auditors and audit firms have to update themselves with the latest guidelines and provisions applicable by attending various seminars and by reading various publications. However, many have felt the need for a one-shot course on Bank Audit and they wanted it to be handy, available in an app or website so they can prepare themselves for the audit upfront and during the course of the audit, they can refer to guidance materials.All their wishes are going to materialize with this course!Welcome to your course Bank Audit A Complete StudyIn this course, you will get to learn about1) What is Bank Audit?2) Who is eligible for Bank Audit?3) How to Approach a Bank Audit?4) How Auditors are appointed for Banking Companies?5) How to conduct an audit of a bank?6) Advances7) Fund Based Working Capital Facility (Concepts & Case Studies)8) Non - Fund Based Working Capital Facilities9) Term Loan (Concepts & Case Studies)10) Mode OF Creation Of Security11) Non-Performing Asset12) Income Recognition13) Willful Defaulter14) Audit of Advances15) Consortium Advances16) Audit of Revenue Items17) Audit of Expenses18) Verification of Cash Balance19) Verification of Cash Balance20) Verification of Investments21) Verification of Bills Purchased / Discounted22) Fixed Asset & Other Assets VerificationThis course is structured in a self-paced learning style. Requesting you to use your headphones for a better learning experience. Also, keep a notepad & pen alongside to take keynotes.See you inside the course!Note: This course is prepared based on audit guidelines applicable to Banks India.

Overview

Section 1: Introduction

Lecture 1 Introduction

Lecture 2 Different types of Bank

Lecture 3 RBI - Responsibilities & Functions

Lecture 4 Bank Audit Reports issued by Central Statutory Auditors

Lecture 5 Glimpse of Banking Accounting System

Lecture 6 Bank Audit Approach

Section 2: Selection of Auditor for Public & Private Sector Banks

Lecture 7 Selection of Auditor for Public Sector Bank

Lecture 8 Eligibility Norms for empanelment of audit firms as statutory auditors of Public

Lecture 9 Procedure for Appointment of Auditor for Banking Company

Section 3: How to conduct audit of bank

Lecture 10 How to conduct audit of bank or its branches - Part 1

Lecture 11 How to conduct audit of bank or its branches - Part 2

Lecture 12 How to conduct audit of bank or its branches - Part 3

Lecture 13 How to conduct audit of bank or its branches - Part 4

Lecture 14 How to conduct audit of bank or its branches - Part 5

Section 4: Advances

Lecture 15 What are Advances?

Lecture 16 Classificiation of Advances

Section 5: Fund Based Working Capital Facility (Concepts & Case Studies)

Lecture 17 Working Capital Loans

Lecture 18 Working Capital Cycle

Lecture 19 Tandon Committee Recommendations on Working Capital Assessment

Lecture 20 Working Capital Assessment as per Nayak Committee

Lecture 21 Review of Assessed Bank Finance

Lecture 22 Working Capital Cycle Analysis

Lecture 23 Understanding Cash Credit

Lecture 24 Cash Credit Example

Lecture 25 Cash Credit

Lecture 26 Assessment of Cash Credit - ABF Method

Lecture 27 Assessment of Cash Credit - Conservative Method

Lecture 28 Drawing Power Computation from Stock Statement

Lecture 29 Assessment of CC Book Debts

Section 6: Non - Fund Based Working Capital Facilities

Lecture 30 What and Why of Non Fund Based Credit Facilities?

Lecture 31 Letter of Credit

Lecture 32 Documents involved in Letter of Credit

Lecture 33 Types of Letter of Credit

Lecture 34 General aspects related to LC

Lecture 35 Assessment of Letter of Credit

Lecture 36 What is Bank Guarantee?

Lecture 37 Types of Bank Guarantee

Lecture 38 Bid Bond Guarantee

Lecture 39 Advance Payment Guarantee

Lecture 40 Appraisal and Assessment o BG Limits

Lecture 41 Maintenance bond / guarantee

Lecture 42 What is Retention Money Guarantee?

Lecture 43 What is Advance payment Guarantee?

Section 7: Term Loan (Concepts & Case Studies)

Lecture 44 Term Loan Appraisal By Banks

Lecture 45 Term Loan - Nature of Project

Lecture 46 What is TEV Study?

Lecture 47 Technical Viability of Project

Lecture 48 Financial Viability of Project

Lecture 49 Economic Viability of Project

Lecture 50 Commercial Viability of Project

Lecture 51 Managerial aspects of Project

Lecture 52 Compliance aspects of Project

Lecture 53 Cost of Project and Means of Finance under Term Loan Appraisal

Lecture 54 Land Cost and related inputs under cost of Project - Term Loan Appraisal

Lecture 55 Building Cost and related inputs under cost of Project -Term Loan Appraisal

Lecture 56 Plant and Machinery Cost and related inputs under cost of Project -Term Loan App

Lecture 57 Technical Know how and related inputs under cost of Project -Term Loan Appraisal

Lecture 58 Preliminary Expenses and related inputs under cost of Project -Term Loan Apprais

Lecture 59 Pre-operative Expenses and related inputs under cost of Project -Term Loan Appra

Lecture 60 Provision for Contingencies and related inputs under cost of Project -Term Loan

Lecture 61 Working Capital Margin and related inputs under cost of Project -Term Loan Appra

Lecture 62 General aspects related to estimation of Cost of Project - Term Loan Appraisal

Lecture 63 Introduction of Sources of Finance - Term Loan Appraisal

Lecture 64 Share Capital as source of Finance - Term Loan Appraisal

Lecture 65 Internal Accruals as source of Finance - Term Loan Appraisal

Lecture 66 Subsidies as source of Finance - Term Loan Appraisal

Lecture 67 Debenture as source of Finance - Term Loan Appraisal

Lecture 68 Term Loan as source of Finance - Term Loan Appraisal

Lecture 69 Unsecured Loans as source of Finance - Term Loan Appraisal

Lecture 70 Project Implementation Schedule

Lecture 71 Production Factors - Term Loan Appraisal

Lecture 72 Manufacturing Process - Term Loan Appraisal

Lecture 73 Other Production Factors - Term Loan Appraisal

Lecture 74 DSCR Computation in Term Loan

Lecture 75 Analysis of DSCR (Gross Average & Net Average)

Lecture 76 Analysis of DSCR 2 (Gross Average & Net Average)

Lecture 77 Term Loan Eligibility Calculation

Lecture 78 FOIR Computation in Term Loan

Lecture 79 Project Viability - Case Study

Section 8: Mode OF Creation Of Security

Lecture 80 Introduction to Charges

Lecture 81 What is Charge and its purpose?

Lecture 82 What are the Features of Charge?

Lecture 83 What are the Types of Security?

Lecture 84 What do we mean by Lien?

Lecture 85 What is Particular Lien?

Lecture 86 What is General Lien?

Lecture 87 What is Negative Lien?

Lecture 88 Right of Set Off for Bankers

Section 9: Non Performing Asset

Lecture 89 Introduction to NPA Management

Lecture 90 Credit Monitoring

Lecture 91 NPA Reasons - Business Cycle

Lecture 92 NPA Reasons - Ambitious Cash Flow Projection

Lecture 93 NPA Reasons - Diversion of Funds

Lecture 94 NPA Reasons - Misuse of Funds

Lecture 95 NPA Reasons - Over dependence on Loan & Pledge of Shares

Lecture 96 NPA Reasons - Expansion & Wilful Default

Lecture 97 NPA Reasons - Misselling & Inadequate Credit

Lecture 98 NPA Management Policy - Introduction

Lecture 99 NPA - Trigger by SMA

Lecture 100 NPA - Monitoring Plans, OTS, Write Off

Lecture 101 Non Performing Asset ?

Lecture 102 What is Out of Order Account?

Lecture 103 Sick Units

Lecture 104 Procedure for rehabilitation of sick companies under bankruptcy code

Lecture 105 MSME Sick Units

Section 10: Income Recognition

Lecture 106 Income Recognition Policy for NPA

Lecture 107 Asset Classification

Lecture 108 Guidelines for NPA Classification - Part 1

Lecture 109 Guidelines for NPA Classification - Part 2

Lecture 110 Guidelines for NPA Classification - Part 3

Lecture 111 NPA Classification for loans under Consortium

Lecture 112 NPA Classification for Projects under Implementation

Lecture 113 Project Loans for Infrastructure Sector - NPA Norms

Lecture 114 Project Loans for Non-Infrastructure Sector - NPA Norms

Lecture 115 Project Loans for Commercial Real Estate - NPA Norms

Lecture 116 Other Issues in Project Loans

Lecture 117 Income Recognition on Project Loans

Lecture 118 NPA Provisioning Norms

Section 11: Willful Defaulter

Lecture 119 Who is Willfull Defaulter in Banking Context?

Lecture 120 What is Diversion of Funds in Banking Context?

Lecture 121 What is Siphoning of Funds in Banking Context?

Lecture 122 What are the penal measures for Wilful Default?

Lecture 123 Mechanism for identification of Wilful Defaulters

Section 12: Audit of Advances

Lecture 124 Audit of Advances

Lecture 125 Evaluaiton of Internal Control over Advances

Lecture 126 Accounts with erosion in Value of Security

Section 13: Consortium Advances

Lecture 127 Advances under Consortium

Lecture 128 Drawing Power Allocation in Consortium Cash Credit Account

Section 14: Audit of Revenue Items

Lecture 129 Introduction to Audit of Revenue Items

Lecture 130 Audit Approach & Procedures related to Revenue Items

Lecture 131 Reversal of Income

Lecture 132 Income from Investments

Section 15: Audit of Expenses

Lecture 133 Introduction to Audit of Expenses

Lecture 134 Interest Expenses: Audit Approach & Procedures

Lecture 135 Audit Approach for Operating Expenses

Lecture 136 Audit Approach for Provisions and Contingencies

Section 16: Verification of Cash Balance

Lecture 137 Verification of Cash Balance - Part 1

Lecture 138 Verification of Cash Balance - Part 2

Lecture 139 Balance with RBI / SBI / Other Banks - Part 1

Lecture 140 Balance with RBI / SBI / Other Banks - Part 2

Section 17: Verification of Cash Balance

Lecture 141 Money @ Call & Short Notice

Section 18: Verification of Investments

Lecture 142 Investments

Section 19: Verification of Bills Purchased / Discounted

Lecture 143 Bills Purchased & Discounted

Section 20: Miscellaneous Areas

Lecture 144 Miscellaneous Matters related to Advances

Lecture 145 Drawing Power related issues

Section 21: Fixed Asset & Other Assets Verification

Lecture 146 Fixed Asset Verification

Lecture 147 Balance Sheet Disclosure

Lecture 148 Other Assets

Lecture 149 Audit Approach for Fixed Assets

Lecture 150 Audit Approach for Premises

Lecture 151 Audit Approach for Other Fixed Assets

Lecture 152 Impairment of Assets

Lecture 153 Interest Accrued

Lecture 154 Tax paid in advance & deducted at sources

Lecture 155 Stationery & Stamps

Lecture 156 Non-Banking Assets acquired in Satisfaction of Claims

Lecture 157 Non-Interest Bearing Staff Advances

Lecture 158 Security Deposits

Lecture 159 Suspense Account

Section 22: Borrowings & Deposits

Lecture 160 Borrowings

Lecture 161 Deposits

Lecture 162 Demand Deposits

Lecture 163 Term Deposits

Lecture 164 Recurring Deposits

Lecture 165 Cash Certificate and Certificate of Deposit

Section 23: Last Section

Lecture 166 Bonus Lecture

Chartered Accountants,CA Articleship Students,Audit Executives,Audit Assistants,Article Clerks,Audit Managers,Bank Executives,Bank Managers,Concurrent Auditors