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PRESENTED BY
ANKIT K 20ASHUTOSH K 22
ANMOL MOTHAY 29
MONICA MUKHERJEE 30
ESHA MUNJAL 31
VIBHA G NAR 34
VISHAKHA V. PAI 36
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INTRODUCTION
With deregulation & liberalizationofIndianfinancialsector
all banks have been exposed to differenttypes of
risk.
RBI has alsoissued instructiontobanks to adopt RBIA.
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TYPES OF
AUDITING
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R I S K B A S E D I N T E R N A L A U D I T :
Risk Categories Risk Assessment Areas
Credit Risk
Business Risks Operational Risk
Business Strategy &Environment Risk
Earning Risk
Compliance Risk
Control Risks Management Risk
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CREDIT AUDITS:
Large borrowal accounts with fund & non fund
based limits of Rs 100 lacs per party shall be covered
in a separate format along with RBIA
All fresh sanctions of Rs. 500 lacs & above shall becovered
within 45 days of first release.
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CONCURRENT AUDIT
Itis a systematic & timely examinationoffinancial
transactions on a regular basis to ensure
Accuracy
Authenticity
Compliance with procedures and Guidelines. Itcovers large
borrowal accounts, bill ofentry
verification , fraud prone areas, revenue leakages,
general workingoperations.
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SPECIAL AUDIT
Conducted on special request.Iffound some serious issues or
malpractices.
Locationbased or maycover several locations.
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COMPLIANCE AUDIT
Itis a comprehensive review ofanorganizations
adherence to regulatory guidelines.
Compliance with laws and regulation
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OTHER AUDIT
Auditofdifferentcontrolling units ofbanks.Clearingoperations
Currencyoperations
Treasury audit
Management Audit
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CONCLUSION
