{"product_id":"bank-audit-a-practical-guide-for-bank-auditors-book-by-taxmann","title":"Bank Audit – A Practical Guide for Bank Auditors Book By Taxmann","description":"\u003cp\u003e\u003cstrong\u003eBank Audit – A Practical Guide for Bank Auditors Book By Taxmann\u003c\/strong\u003e\u003cbr\u003e\u003cbr\u003e\u003cstrong\u003eEdition :\u003c\/strong\u003e 7th\u003c\/p\u003e\n\u003cp\u003e\u003cspan\u003eThis all-encompassing handbook is designed to aid professionals in efficiently conducting statutory branch audits, concurrent audits, and other specialised auditing assignments within the banking sector. From dissecting complex RBI Master Circulars to providing comprehensive audit checklists, the book delivers a step-by-step roadmap, ensuring auditors navigate every stage—planning, execution, final reporting, and everything in between.\u003c\/span\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cspan\u003eThis book is intended for the following audience:\u003c\/span\u003e\u003c\/p\u003e\n\u003cul\u003e\n\u003cli class=\"15\"\u003e\n\u003cstrong\u003e\u003cem\u003e\u003cspan\u003eStatutory \u0026amp; Central Auditors of Banks\u003c\/span\u003e\u003c\/em\u003e\u003c\/strong\u003e\u003cspan\u003e – Those newly appointed as branch auditors as well as seasoned professionals seeking an updated perspective on RBI guidelines and Master Circulars\u003c\/span\u003e\n\u003c\/li\u003e\n\u003cli class=\"15\"\u003e\n\u003cstrong\u003e\u003cem\u003e\u003cspan\u003eConcurrent \u0026amp; Stock Auditors\u003c\/span\u003e\u003c\/em\u003e\u003c\/strong\u003e\u003cspan\u003e – Practitioners tasked with ongoing audits, stock verification, and specialised assignments requiring compliance with RBI regulations\u003c\/span\u003e\n\u003c\/li\u003e\n\u003cli class=\"15\"\u003e\n\u003cstrong\u003e\u003cem\u003e\u003cspan\u003eBanking Professionals \u0026amp; Internal Audit Teams\u003c\/span\u003e\u003c\/em\u003e\u003c\/strong\u003e\u003cspan\u003e – In-house audit departments of banks looking to standardise and strengthen their internal processes and checks\u003c\/span\u003e\n\u003c\/li\u003e\n\u003cli class=\"15\"\u003e\n\u003cstrong\u003e\u003cem\u003e\u003cspan\u003eStudents \u0026amp; Academics\u003c\/span\u003e\u003c\/em\u003e\u003c\/strong\u003e\u003cspan\u003e – CA aspirants, commerce students, and researchers who desire a practical understanding of banking audits and regulatory frameworks\u003c\/span\u003e\n\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003e\u003cspan\u003eThe Present Publication is the 7\u003c\/span\u003e\u003csup\u003e\u003cspan\u003eth\u003c\/span\u003e\u003c\/sup\u003e\u003cspan\u003e Edition and has been amended upto 18\u003c\/span\u003e\u003csup\u003e\u003cspan\u003eth\u003c\/span\u003e\u003c\/sup\u003e\u003cspan\u003e February 2025. This book is authored by CA. Anil K. Saxena, with the following noteworthy features:\u003c\/span\u003e\u003c\/p\u003e\n\u003cul\u003e\n\u003cli class=\"15\"\u003e\n\u003cspan\u003e[\u003c\/span\u003e\u003cstrong\u003e\u003cspan\u003eComplete Analysis of RBI's Master Circular on IRAC (Advances)\u003c\/span\u003e\u003c\/strong\u003e\u003cspan\u003e] A thorough discussion on Income Recognition, Asset Classification, and Provisioning (IRAC) norms and how they practically impact day-to-day branch audits\u003c\/span\u003e\n\u003c\/li\u003e\n\u003cli class=\"15\"\u003e\n\u003cspan\u003e[\u003c\/span\u003e\u003cstrong\u003e\u003cspan\u003eAll Relevant Circulars Issued During the Year\u003c\/span\u003e\u003c\/strong\u003e\u003cspan\u003e] Incorporates and explains important RBI circulars up to February 2025, ensuring you remain aligned with the latest mandates\u003c\/span\u003e\n\u003c\/li\u003e\n\u003cli class=\"15\"\u003e\n\u003cspan\u003e[\u003c\/span\u003e\u003cstrong\u003e\u003cspan\u003ePractical FAQs Spanning the Entire Branch Audit Scope\u003c\/span\u003e\u003c\/strong\u003e\u003cspan\u003e] Direct answers to common and nuanced questions about NPAs, provisioning, agricultural loans, MSME restructuring, etc.\u003c\/span\u003e\n\u003c\/li\u003e\n\u003cli class=\"15\"\u003e\n\u003cspan\u003e[\u003c\/span\u003e\u003cstrong\u003e\u003cspan\u003eComprehensive Guidance on NPAs\u003c\/span\u003e\u003c\/strong\u003e\u003cspan\u003e] Detailed steps to identify and classify potential problem accounts, alongside instructions for calculating and verifying provisions\u003c\/span\u003e\n\u003c\/li\u003e\n\u003cli class=\"15\"\u003e\n\u003cspan\u003e[\u003c\/span\u003e\u003cstrong\u003e\u003cspan\u003eDedicated Section on Agricultural Loans\u003c\/span\u003e\u003c\/strong\u003e\u003cspan\u003e] User-friendly insights into long\/short duration crop definitions, relaxed NPA norms, and priority-sector specifics\u003c\/span\u003e\n\u003c\/li\u003e\n\u003cli class=\"15\"\u003e\n\u003cspan\u003e[\u003c\/span\u003e\u003cstrong\u003e\u003cspan\u003eComplete Branch Audit Programme for 2024–25\u003c\/span\u003e\u003c\/strong\u003e\u003cspan\u003e] A ready-to-use, stepwise action plan aiding in robust planning, documentation, and execution of branch audits\u003c\/span\u003e\n\u003c\/li\u003e\n\u003cli class=\"15\"\u003e\n\u003cspan\u003e[\u003c\/span\u003e\u003cstrong\u003e\u003cspan\u003eUser-friendly Checklists \u0026amp; Templates\u003c\/span\u003e\u003c\/strong\u003e\u003cspan\u003e] Includes pre-written letters, engagement templates, representation letters, and sign-off checklists for quick, hassle-free adoption\u003c\/span\u003e\n\u003c\/li\u003e\n\u003cli class=\"15\"\u003e\n\u003cspan\u003e[\u003c\/span\u003e\u003cstrong\u003e\u003cspan\u003eFinacle 10 Guidance\u003c\/span\u003e\u003c\/strong\u003e\u003cspan\u003e] Focus on essential transaction codes and inquiry screens, helping auditors rapidly extract and verify data for better risk analysis.\u003c\/span\u003e\n\u003c\/li\u003e\n\u003cli class=\"15\"\u003e\n\u003cspan\u003e[\u003c\/span\u003e\u003cstrong\u003e\u003cspan\u003ePre Sign-off Checklist for Signing Partners\u003c\/span\u003e\u003c\/strong\u003e\u003cspan\u003e] Highlights last-minute pitfalls and must-verify items to ensure quality and compliance in your audit report\u003c\/span\u003e\n\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003e\u003cspan\u003eThe coverage of the book is as follows:\u003c\/span\u003e\u003c\/p\u003e\n\u003cul\u003e\n\u003cli class=\"15\"\u003e\n\u003cstrong\u003e\u003cem\u003e\u003cspan\u003eStep-by-step Audit Methodology\u003c\/span\u003e\u003c\/em\u003e\u003c\/strong\u003e\n\u003cul\u003e\n\u003cli class=\"15\"\u003e\u003cspan\u003eThe book employs a 'step' approach, covering everything from the moment the appointment letter is received to the issuing of the final report\u003c\/span\u003e\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/li\u003e\n\u003cli class=\"15\"\u003e\n\u003cstrong\u003e\u003cem\u003e\u003cspan\u003eBalance Sheet \u0026amp; P\/L Review\u003c\/span\u003e\u003c\/em\u003e\u003c\/strong\u003e\n\u003cul\u003e\n\u003cli class=\"15\"\u003e\u003cspan\u003eDetailed examination of assets, liabilities, off-balance-sheet items (like BGs and LCs), income calculations, and expense verifications\u003c\/span\u003e\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/li\u003e\n\u003cli class=\"15\"\u003e\n\u003cstrong\u003e\u003cem\u003e\u003cspan\u003eNPA Identification \u0026amp; Provisioning\u003c\/span\u003e\u003c\/em\u003e\u003c\/strong\u003e\n\u003cul\u003e\n\u003cli class=\"15\"\u003e\u003cspan\u003eClear-cut guidelines to categorise sub-standard, doubtful, and loss assets, along with stepwise provisioning logic and relevant RBI norms\u003c\/span\u003e\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/li\u003e\n\u003cli class=\"15\"\u003e\n\u003cstrong\u003e\u003cem\u003e\u003cspan\u003eRestructuring \u0026amp; Stressed Assets\u003c\/span\u003e\u003c\/em\u003e\u003c\/strong\u003e\n\u003cul\u003e\n\u003cli class=\"15\"\u003e\u003cspan\u003eExplanation of the latest restructuring frameworks (including guidelines on natural calamities, MSME schemes, etc.) and their audit implications\u003c\/span\u003e\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/li\u003e\n\u003cli class=\"15\"\u003e\n\u003cstrong\u003e\u003cem\u003e\u003cspan\u003eAgricultural \u0026amp; MSME Advances\u003c\/span\u003e\u003c\/em\u003e\u003c\/strong\u003e\n\u003cul\u003e\n\u003cli class=\"15\"\u003e\u003cspan\u003eSpecial emphasis on priority-sector lending, seasonal adjustments, and classification nuances that differentiate these loans from typical commercial lending\u003c\/span\u003e\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/li\u003e\n\u003cli class=\"15\"\u003e\n\u003cstrong\u003e\u003cem\u003e\u003cspan\u003eMiscellaneous Insights\u003c\/span\u003e\u003c\/em\u003e\u003c\/strong\u003e\n\u003cul\u003e\n\u003cli class=\"15\"\u003e\u003cspan\u003eCoverage of gold loans, government-guaranteed advances, and other special categories often highlighted in RBI circulars\u003c\/span\u003e\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/li\u003e\n\u003cli class=\"15\"\u003e\n\u003cstrong\u003e\u003cem\u003e\u003cspan\u003eStock Audit \u0026amp; Concurrent Audit Guidance\u003c\/span\u003e\u003c\/em\u003e\u003c\/strong\u003e\n\u003cul\u003e\n\u003cli class=\"15\"\u003e\u003cspan\u003eOffers frameworks, best practices, and sample reports specifically for stock audits and ongoing concurrent audits to detect red flags earlier\u003c\/span\u003e\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/li\u003e\n\u003cli class=\"15\"\u003e\n\u003cstrong\u003e\u003cem\u003e\u003cspan\u003eTechnology-focused Auditing\u003c\/span\u003e\u003c\/em\u003e\u003c\/strong\u003e\n\u003cul\u003e\n\u003cli class=\"15\"\u003e\u003cspan\u003eTips on analysing digital transaction trails, generating exception reports, and verifying internal controls within banking software like Finacle 10\u003c\/span\u003e\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003e\u003cspan\u003eThe structure of the book is as follows:\u003c\/span\u003e\u003c\/p\u003e\n\u003cul\u003e\n\u003cli class=\"15\"\u003e\n\u003cstrong\u003e\u003cem\u003e\u003cspan\u003eSequential 'Step' Format\u003c\/span\u003e\u003c\/em\u003e\u003c\/strong\u003e\u003cspan\u003e – Each chapter is presented as a \"step,\" guiding auditors through the chronological stages of an audit—beginning with appointment and planning, progressing to on-site verification, and culminating in final reporting\u003c\/span\u003e\n\u003c\/li\u003e\n\u003cli class=\"15\"\u003e\n\u003cstrong\u003e\u003cem\u003e\u003cspan\u003eChecklists \u0026amp; Templates within the Chapters\u003c\/span\u003e\u003c\/em\u003e\u003c\/strong\u003e\u003cspan\u003e – Audit programmes, queries, and letters are integrated into each section to reinforce the practical methodology. This modular arrangement lets readers quickly refer to exact solutions or sample documents\u003c\/span\u003e\n\u003c\/li\u003e\n\u003cli class=\"15\"\u003e\n\u003cstrong\u003e\u003cem\u003e\u003cspan\u003eFAQ Sections\u003c\/span\u003e\u003c\/em\u003e\u003c\/strong\u003e\u003cspan\u003e – Each major topic—particularly NPAs, provisioning, and regulatory norms—is supplemented with FAQs aimed at clarifying everyday doubts and edge cases\u003c\/span\u003e\n\u003c\/li\u003e\n\u003cli class=\"15\"\u003e\n\u003cstrong\u003e\u003cem\u003e\u003cspan\u003eIllustrative Examples \u0026amp; Caselets\u003c\/span\u003e\u003c\/em\u003e\u003c\/strong\u003e\u003cspan\u003e – Practical scenarios highlight typical challenges encountered during branch audits, along with recommended best practices\u003c\/span\u003e\n\u003c\/li\u003e\n\u003cli class=\"15\"\u003e\n\u003cstrong\u003e\u003cem\u003e\u003cspan\u003eAppendices for Ready Reference\u003c\/span\u003e\u003c\/em\u003e\u003c\/strong\u003e\u003cspan\u003e – Invaluable supporting materials, including draft engagement letters, written representation letters, and pre-sign-off checklists, are consolidated in multiple appendices\u003c\/span\u003e\n\u003c\/li\u003e\n\u003c\/ul\u003e","brand":"Taxmann","offers":[{"title":"Default Title","offer_id":40803351625809,"sku":"","price":860.0,"currency_code":"INR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0574\/5534\/5745\/files\/1_3411f175-4d2c-4108-9ecb-349104d59e60.jpg?v=1778234558","url":"https:\/\/buytestseries.in\/products\/bank-audit-a-practical-guide-for-bank-auditors-book-by-taxmann","provider":"BuyTestSeries.in","version":"1.0","type":"link"}