Bank Audit Revision | CA Final Audit | CA Shubham Keswani (AIR 8)

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Intro 00:00
Special audit considerations in banks due to 1:11
Legal Framework 3:00
Form & Content of FS 3:22
Appointing Authority 5:00
Conducting Audit - Stages 5:59
Special considerations in IT Environment 26:47
Key security control aspects that auditor addresses in computerised bank 31:18
Risk Based Internal Audit 33:59
General ICs 10:44
Cash ICs 12:43
Clearings ICs 14:11
Bill for Collection 16:22
Bill Purchase 18:08
Loans & Advances ICs 19:55
Demand Draft ICs 21:40
Credit Card Operations ICs 22:23
Compliance with CRR & SLR requirements 23:45
Items excluded 25:07
Items included 26:27
Cash 36:21
Balance with RBI 36:44
Money at Call/Short Notice 37:34
Special-purpose Certificates of Investments 38:59
Auditor obtains evidence about following while auditing advances 39:40
Substantive Audit Procedures for Advances 40:45
Recoverability of Advances – Procedures 42:21
Classification & Provision 43:18
A/cs regularized near B/S date 45:24
Drawing Power Calculation 46:50
A/cs with temporary deficiencies 48:33
Limit not reviewed 48:56
Asset Classification Classification 49:14
Govt Guaranteed Advances 49:42
Agricultural Advances 51:45
Restructured Advances 52:53
Upgradation of Advances 55:47
Sale/Purchase of NPAs – Examine 56:15
Stationery 58:28
Non Banking Assest acquired in satisfaction of claim 59:18
Verification of Capital 1:13:51
Basel III accord aims at 1:14:34
Current & saving a/cs – Procedures 1:06:03
Inoperative a/cs 1:07:22
Term Deposit 1:07:52
Deposit in Fo. Currency 1:09:03
Case Study 1:09:55
Borrowing 1:10:49
Bill Payable 1:11:32
For Contingent Liability, Auditor shall obtain Mgt representation that 1:16:19
Contingent Liabilities 1:17:48
Contingent Liabilities – Procedures 1:19:07
Claim not Acknowledgement as debt 1:20:05
Guarantee 1:21:26
Auditor’s Report 1:01:08
Long Form Audit Report (LFAR) 1:01:53
Report on fraud 1:03:21
Reports & certificates 1:04:58
Scope of Concurrent Audit 1:23:05
Cash 1:23:40
Investment 1:24:25
Advances – Procedures 1:25:03
Foreign Exchange – Procedures 1:25:56
Appointment of Concurrent Auditors 1:26:40
Reporting Systems of Concurrent Auditors 1:27:08
RTP MAY23 Q 1:28:34

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