Cost Audit | Advanced Auditing Assignment Help
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A banking company is required to maintain the books of accounts in accordance with section 209 of the companies act, 1956. Banks generally have a sound internal control system covering their day-to-day transactions. The auditors have to evaluate such systems carefully. If he finds then effective ha can concentrate on verifying the
various assets, liabilities, income, and expenses, instead of devoting too much time on checking the arithmetical accuracy of the primary records and original documents. The principle function of a bank consists in receiving deposits and making payments of cheques and other instruments issued by customers on the bank. The Banking Regulation Act casts a greater responsibility on the directors of banks as compared to those of other companies in the matter of supervision over their working. Most of the banks have their own internal audit or inspection departments entrusted with the responsibility of checking the accounts of various branches. The statutory auditor may not, therefore, duplicate this work.
We cover following topics about bank audit assignment help:
1. BOOKS AND ACCOUNTS
2. CONDUCTING A BANK AUDIT
3. INTERNAL CONTROLS
4. VERIFICATION AND VALUATION OF ASSETS AND LIABILITIES
5. CONCURRENT AUDIT
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