Understand end-to-end framework for Bank Audit in India in accordance with RBI and ICAI rules. Become a top Bank Auditor
What you will learn
Understand the end-to-end process of bank audit and how to conduct it
Learn to analyze records and activities of the banks
Determine effectiveness of a bankβs risk management activities
Acquire skills to perform objective, independent and reliable assessment of a bank’s adherence to compliance and regulatory frameworks
Evaluate a bank’s internal control-environment and governance processes
Gain skills to become a successful bank auditor
Why take this course?
π Welcome to the “How to conduct Bank Audit and become a Bank Auditor” Course by Uplatz! π¦
Course Overview
A Bank Audit is a meticulous evaluation of a bank’s records and operations to ensure they adhere to industry rules and regulations. This critical function is essential for maintaining the integrity and stability of the financial system. In India, bank audits are conducted in accordance with the guidelines set by the Reserve Bank of India (RBI) and the Institute of Chartered Accountants of India (ICAI).
Understanding the Role of a Bank Auditor
Bank auditors play a pivotal role in the financial ecosystem. They are responsible for reviewing the financial statements of banking institutions, assessing risks, and ensuring compliance with legal and regulatory frameworks. This course is designed to provide you with a comprehensive understanding of the end-to-end process of conducting a bank audit and equip you with the skills to become a proficient Bank Auditor.
The Certification for Bank Auditors (CBA)
The Certification for Bank Auditors (CBA) is an advanced credential aimed at professionals who wish to specialize in banking audits. It focuses on the latest auditing techniques, with a strong emphasis on IT audits and contemporary audit practices. The CBA curriculum is tailored to meet current knowledge standards and is a significant upgrade from previous banking auditing certifications.
Importance of Regular Audits in Financial Services
Regular audits are crucial for financial institutions like banks to ensure transparency, accountability, and adherence to legal requirements. This course will guide you through the types of audits, including statutory, revenue, and concurrent audits, and their significance in maintaining a robust financial system.
Course Objectives
The primary objectives of this course are to:
- Augment banks’ internal verification processes
- Enhance the effectiveness of concurrent audit systems
- Improve the quality and scope of concurrent audit reports
- Provide step-by-step guidance on how to conduct a bank audit in India
- Equip you with the knowledge to become a qualified Bank Auditor
Course Syllabus Breakdown
The course syllabus is comprehensive, covering all aspects of banking operations and regulatory frameworks. Here’s a snapshot of what you will learn:
- Introduction to Banks
- What is a bank?
- Types of banks in India
- Banking Operations & Regulatory Frameworks
- Understanding banking operations
- Regulatory and legal frameworks for banks in India
- Accounting System of Banks
- The accounting cycle in banks
- Internal control systems
- Approach to Bank Audit
- Understanding the audit approach
- Key considerations for a bank audit
- Income Recognition & Eligibility Criteria
- Income recognition system of banks
- Eligibility criteria for auditors
- Auditor’s Remuneration & Powers
- Determining the auditor’s remuneration
- Auditor’s powers and responsibilities
- Compliance with CRR and SLR Requirements
- Understanding CRR and SLR norms
- How to verify compliance
- Audit of Bank Assets & Capital
- Verifying assets and capital adequacy
- Assessing the accuracy of financial statements
- Concurrent Audits
- Understanding concurrent auditing
- Key areas for concurrent audit focus
- Audit Committee Roles & Functions
- The role and functions of an Audit Committee
- Audit Reports & Their Formats
- Types of bank audit reports
- The format and content of the audit report
- Special Topics in Bank Auditing
- Advances, revenue items, and computing drawing power
- Specific areas for internal control review
Conclusion
By the end of this course, you will have a thorough understanding of how to conduct bank audits, the compliance requirements, and what it takes to become a qualified Bank Auditor. The knowledge you gain from this course will be invaluable as you navigate the complexities of the banking sector and ensure its financial health and stability.
π Enroll now to embark on your journey towards mastering bank audits and securing your place as a Bank Auditor! π
With Uplatz’s “How to conduct Bank Audit and become a Bank Auditor” course, you’re not just preparing to meet the demands of a challenging careerβyou’re setting yourself up for success in one of the most critical roles within the financial sector. Let’s get started on this exciting learning journey! π