Certificate Course on Concurrent Audit of Banks Organized by: Internal Audit Standards Board of the ICAI Hosted By... Dates : Date Day 1 9:45 AM to 10:00 AM Inaugural Session I II III Effective Concurrent Audit - Scope of concurrent Audit - Sources of obtaining Existing Bank Practices and Guidelines for Bank Audit - Pre commencement Planning procedures - Execution of Concurrent Audit - Timely submission of audit reports and quality of reports - Compliance of pending observations given in audit report - Documentation of Audit Planning and Evidence Legal and Regulatory Frame work - Transfer of Property Act, 1882 - Power of Attorney Act. 1882 - Indian Stamp Act, 1899 - The Recovery of Debts Due to Banks and Financial Institutions Act, 1993 - The Credit Information Companies (Regulation) Act, 2005 - The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 KYC norms & Obligation of banks under Prevention of Money Laundering Act (PMLA 2002) Negotiable Instrument Act, 1881
Day 2 IV V VI VII Diligence Reports for Banks - Scope and format of Diligence Report - Access to records and methodology for diligence reporting - Reporting with qualification Loans and advances- - Credit Appraisal - Sanction/Disbursement - Documentation - Review/Monitoring/Supervision - Statutory restrictions and regulations relating to loans - Discussion on Fund based/non fund based limits -Discussion on other loans related issues - Relevant RBI circulars Prudential norms on Income Recognition, Assets Classification and Provisioning pertaining to Advances Day 3 VIII IX X XI Book Debts and Stock Audit FOREX & TRADE- - Imports of Goods and services - Export of Goods and services - Miscellaneous remittances from India- Facilities available to residents - Remittances facilities to non resident Indians - Letter of Credit/Bank Guarantee- Domestic and Foreign - Export finance - BOE Certification - A1-A2-A3 certification
- Foreign Investment in India - Investments by Residents Abroad - External commercial borrowing and Trade Credits - Nostro and Vostro Accounts - Various forex returns - NRE/NRO/FCNR(B)/EEFC/RFC Accounts-Permissible debit and credit - FCRA Act (Including demonstration of live use of MHA website for audit) - Purchase and sale of currency- Currency/DD/Travel cards/traveller cheque - Other Forex related issues - Relevant RBI circulars XII Fraud Detection, Classification and Reporting Day 4 XIII 10:00AM to 11.30 AM XIV XV XVI Discussion on Case Studies on Frauds Occurred in Banking Industries Concurrent Audit Procedures Cash ATM machine and cash collection Machines Audit Deposits (Other than forex deposits/nre/nro etc) Suspicious Transactions and AML issues Operations and high risk transaction House Keeping Clearing Regulatory requirement (Other than forex) Revenue Audit Discussion on Audit Trails/Exception reports relating to high risk operational transactions
Day 5 XVII XVIII XIX Audit in CBS Environment : Checks & Strategy Use of Technology in Concurrent Audit Software Usage in Banks CBS Demonstration -General Audit Software (GAS) -Audit in Finacle/ ERP Environment Data Extraction from Finacle Day 6 XX XXI XXII XXIII Implementation of Basel Capital Regulatory Requirements in India Disclosure Requirements Treasury and Investment Function Part I Rules and Regulations governing Treasury Function in Banks Treasury infrastructure and its internal controls Cash and Investment Management Function Asset and Liability Management Function Treasury and Investment Function Part II Rules and Regulations governing Treasury Function in Banks Treasury infrastructure and its internal controls Cash and Investment Management Function Asset and Liability Management Function Banker Panel Discussion (GMs of Banks to Address) Concurrent Audit-Banker s perspective and Expectations
- To be finalized by the Branch XXIV The objective is to get banker s views on expectations from concurrent auditors and how the chartered accountants can add value to concurrent audit. Objective Assessment CPE Hours: 30 hrs. Participation Fees w.e.f July 1, 2016: For Members of ICAI (other than Young For Young Members* of ICAI Members) Metro Cities Rs. 15,000 per participant Metro Cities Rs. 12,000 per participant Non-Metro Cities Rs. 12,500 per participant Non-Metro Cities Rs. 10,000 per participant payable by Cheque/DD in favor of "Secretary, ICAI" payable at Delhi and should be sent to Branch of --------- of the ICAI along with duly filled registration form. * Chartered Accountant up to the age of 30 years on 1st January of every calendar year will be considered as Young Member i.e. Members born on or after 1.1.1986 will be considered as young member for calendar year 2016. Course Chairman CA. Mukesh Singh Kushwah Chairman, Internal Audit Standards Board Email: cia@icai.in Course Co-ordinator For Registrations and further details please contact: