Bank Audit Checklist
Bank Audit Checklist Software Intro
An Bank audit checklist is an invaluable tool for comparing a business’s practices and processes to the requirements set out by ISO standards.Bank audit is an independent assessment of how effective an organization’s risk management, processes, and general governance is. The Bank audit checklist contains everything needed to complete an Bank audit accurately and efficiently.
Bank audits can be scheduled as frequently as your organization determines is needed in order to improve processes. Some businesses schedule audits once a year, every quarter, or even once a month, at most.
Steps & Sub-Steps to be Checked Under a Bank Audit Checklist
| Audit Planning | Audit Closure | Execution |
|---|---|---|
| Task_Assignment | MRL & Certificates | Audit Program Execution Advances |
| Audit Engagement | Execution of Audit Program General | |
| Tax Audit |
| Report | Substantive Testing | Substantive Testing |
|---|---|---|
| Reports | Balance Sheet | Checklist For NPA and Extended Working |
| Collection of following certificates and statements from Branch | Finalisation | |
| General - Pre Audit Work | Issue of Certificates | |
| LFAR | Physical Verification | |
| Profit & Loss Account | Tax Audit Report | |
| Verification of Balances | Verification of Checklist of Ghosh Committee Recommendations | |
| Verification of Checklist of Jilani Committee Recommendations | Verification of Returns and Reconciliation |