PPT: Audit of Banks | Auditing and Ethics for CA Intermediate PDF Download

 Page 1


An audit is an independent 
investigation of financial statement of 
an organization by the appointed 
auditors as per terms of appointment 
and statutory liabilities of auditor 
with a view to express his 
independent opinion.
Audit?
Page 2


An audit is an independent 
investigation of financial statement of 
an organization by the appointed 
auditors as per terms of appointment 
and statutory liabilities of auditor 
with a view to express his 
independent opinion.
Audit?
Bank Audit
The audit which is
independently examine
banking documents by
internal & external
auditors and published
an a u d i t o r ’ s opinion.
Page 3


An audit is an independent 
investigation of financial statement of 
an organization by the appointed 
auditors as per terms of appointment 
and statutory liabilities of auditor 
with a view to express his 
independent opinion.
Audit?
Bank Audit
The audit which is
independently examine
banking documents by
internal & external
auditors and published
an a u d i t o r ’ s opinion.
Why Bank Audit is Needed? 
Increase of efficiency.
Quick presentation of accounts.
Preparation of interim accounts.
Knowledge of technical details.
Wide coverage.
Regularity of clients staff.
Moral check.
Allocation of audit work.
For identify error and frauds.
Page 4


An audit is an independent 
investigation of financial statement of 
an organization by the appointed 
auditors as per terms of appointment 
and statutory liabilities of auditor 
with a view to express his 
independent opinion.
Audit?
Bank Audit
The audit which is
independently examine
banking documents by
internal & external
auditors and published
an a u d i t o r ’ s opinion.
Why Bank Audit is Needed? 
Increase of efficiency.
Quick presentation of accounts.
Preparation of interim accounts.
Knowledge of technical details.
Wide coverage.
Regularity of clients staff.
Moral check.
Allocation of audit work.
For identify error and frauds.
Types of bank audit
Bank Audit
External 
Audit
Internal 
Audit
Page 5


An audit is an independent 
investigation of financial statement of 
an organization by the appointed 
auditors as per terms of appointment 
and statutory liabilities of auditor 
with a view to express his 
independent opinion.
Audit?
Bank Audit
The audit which is
independently examine
banking documents by
internal & external
auditors and published
an a u d i t o r ’ s opinion.
Why Bank Audit is Needed? 
Increase of efficiency.
Quick presentation of accounts.
Preparation of interim accounts.
Knowledge of technical details.
Wide coverage.
Regularity of clients staff.
Moral check.
Allocation of audit work.
For identify error and frauds.
Types of bank audit
Bank Audit
External 
Audit
Internal 
Audit
Internal audit
Internal auditing is an independent, objective assurance
and consulting activity designed to add value and
improve an organization's operations. It helps an
organization accomplish its objectives by bringing a
systematic, disciplined approach to evaluate and
improve the effectiveness of risk management, control,
and governance processes.