Description
CAB Strategy to Clear in First Attempt
Certificate Course on CAB – ICAI (Strategy)
The overall objectives of the course on
Concurrent Audit of Bank
are:
1. To supplement the effort of the banks in carrying out internal check of the transactions and other verifications and compliance with the procedures laid down;
2. To improve the effectiveness of concurrent audit system in banks
3. To improve quality and coverage of concurrent audit reports.
The Classes may be viewed from the Digital Learning Hub of ICAI https://learning.icai.org.
Please click on Concurrent Audit of Banks and then click the launch button at the given time accordingly.
We may mention that the duration of the said classes is 11 days of 3 hours each day instructor led virtual training.
The total duration of virtual classes is 11 days from 4:00 PM to 7:00 PM divided into 22 technical sessions (of 33 hrs) which may be held either on weekends or on three consecutive days.
- Eligibility: A candidate will have to attend 80% of classes, i.e., 9 days’ classes, failing which, he/ she will not be entitled to appear in the evaluation.
Examination would be conducted on quarterly basis. The examination date and time would be informed to participants by the Board through e-mail.
CPE Hours
CPE credit of 30 Structured CPE Hours will be given to the participants after completion of the Course. However, it will be given on proportionate basis in case of less attendance.
- Number of attempts: There is no limit on the permissible number of attempts for the evaluation tests.
Books for Certification of Concurrent Audit of bank
1. Manual on Concurrent Audit of Banks Manual (Click to Download)
2. Early Signals of Fraud in Banking Sector Early Signals (Click to Download)
3. Compliances of Service Tax/GST in Banking Sector GST/ Service Taxes (Click to Download)
4. Guidance Note on Audit of Banks (2022 Edition)
- A. Foreword and Preface of Past Years (Click to Download)
- B. Text of Guidance Note on Audit of Banks (2022 Edition) (Click to Download)
- C. Appendices of the Guidance Note on Audit of Banks (2022 Edition)
- Appendices of Section A – Statutory Central Audit of Guidance Note on Audit of Banks (2022 Edition) (Click to Download)
- Appendices of Section B – Bank Branch Audit of Guidance Note on Audit of Banks (2022 Edition) (Click to Download)
- D. Text of Relevant Master Circulars Issued by the RBI
- List of Relevant Master Circulars Issued by the RBI
- Master Circulars(Click to Download)
- E. Text of Relevant Master Directions Issued by the RBI
- List of Relevant Master Directions Issued by RBI
- Master Directions(Click to Download)
- F. Text of Relevant Notifications, FAQs and General Circulars
- List of Relevant Notifications, FAQs and General Circulars (Click to Download)
- Notifications, FAQs and General Circulars – Guidance Note on Audit of Banks (2022 Edition)(Click to Download)
- G. Technical Guide
- Technical Guide on Audit of Internal Financial Controls in Case of Public Sector Banks (Click to Download)
- Technical Guide on Revised Formats of Long Form Audit Report (Click to Download)
Information Systems Audit ( DISA ICAI ) Video Lectures
Course Structure of Professional Training of Concurrent Audit of Bank
Effective Concurrent Audit
- Scope of Concurrent Audit
- Sources of obtaining Existing Bank Practices and Guidelines
for Bank
- Understanding of concept of Risk based Internal Audit and
Risk Assessment Framework of Bank
- Pre commencement Planning
- 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
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 (SARFAESI ACT)
-The Central Registry of Securitisation Asset Reconstruction and
Security Interest of India (CERSAI ACT)- - Discuss on
Importance of CERSAI ACT
- Banking Regulation Act, 1949
- Reserve Bank of India Act, 1934
KYC norms & Obligation of banks under Prevention of Money
Laundering Act (PMLA 2002)
Negotiable Instrument Act, 1881
Book Debts and Stock Audit
Review of Due-Diligence Reports and Credit Audit Reports
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 (Other than
issues covered in Forex and Trade)
Discussion on impact of following acts on banks:
-The Insolvency and Bankruptcy Code, 2016
-Benami Transactions (Prohibition) Act, 1988
-Benami Transactions (Prohibition) Amendment Act, 2016
-Discussion on other loans related issues
Prudential Norms on Income Recognition, Assets
Classification and Provisioning pertaining to Advances
FOREX & TRADE -Part I
-Purchase and sale of currency- currency/DD/Travel
cards/Traveller cheque with relevant AML guidelines
– Miscellaneous remittances from India- Facilities available to
residents
– Remittances facilities to non-resident Indians
– FCRA Act
– NRE/NRO/FCNR(B)/EEFC/RFC/DDA/SNRR AccountsPermissible debit and credit
– Imports of Goods and services
– Nostro and Vostro Accounts
-Handling of BOE/Shipping bill under physical and
IDPMS/EDPMS situation
-A2-A3 certification
– Export of Goods and services
– Export finance
-Letter of Credit/Bank Guarantee/SBLC- Domestic and Foreign
– Foreign Investment in India
– Investments by Residents Abroad
– External commercial borrowing and Trade Credits
– Various forex returns
– Other Forex related issues
FOREX & TRADE -Part II
-Purchase and sale of currency- currency/DD/Travel
cards/Traveller cheque with relevant AML guidelines
– Miscellaneous remittances from India- Facilities available to
residents
– Remittances facilities to non-resident Indians
– FCRA Act
– NRE/NRO/FCNR(B)/EEFC/RFC/DDA/SNRR AccountsPermissible debit and credit
– Imports of Goods and services
– Nostro and Vostro Accounts
-Handling of BOE/Shipping bill under physical and
IDPMS/EDPMS situation
-A2-A3 certification
– Export of Goods and services
– Export finance
-Letter of Credit/Bank Guarantee/SBLC- Domestic and Foreign
– Foreign Investment in India
– Investments by Residents Abroad
– External commercial borrowing and Trade Credits
– Various forex returns
– Other Forex related issues
Fraud Detection, Classification and Reporting
– Fraud Detection, Classification and Reporting
– Discussion on Case Studies on Frauds Occurred in Banking
Industries
– Discussion on Cheques related frauds and implementation of
preventive measures by bank
– Legal Audit of Title Documents in respect of Large Value Loan
Accounts
– Loan Frauds and discussion on Early Warning Signals/ Red
Flagged Accounts
Concurrent Audit Procedures-Part I
-Cash
-ATM machine and cash collection Machines Audit
-Deposits (Other than forex deposits/NRE/NRO etc.)
-Value dated Transactions
-Activation of inoperative accounts
-Suspicious Transactions and AML issues
-Regulatory requirement (Other than forex)
-Clearing
-Remittances of funds by DD/PO/RTGS/NEFT and Bills for
collections
-Verification of processes relating to control of receipt, issue,
safe keeping and -Custody of security items and deliverables
-Locker Operations
-Settlement of deceased claims
-Review of outstanding entries in Balance sheet heads
-Verification of High risk transaction/Exceptions with Audit Trails/Exception reports
-Other House Keeping/operational issues
-Revenue Audit
Concurrent Audit Procedures-Part II
-Cash
-ATM machine and cash collection Machines Audit
-Deposits (Other than forex deposits/NRE/NRO etc.)
-Value dated Transactions
-Activation of inoperative accounts
-Suspicious Transactions and AML issues
-Regulatory requirement (Other than forex)
-Clearing
-Remittances of funds by DD/PO/RTGS/NEFT and Bills for
collections
-Verification of processes relating to control of receipt, issue,
safe keeping and -Custody of security items and deliverables
-Locker Operations
-Settlement of deceased claims
-Review of outstanding entries in Balance sheet heads
-Verification of High risk transaction/Exceptions with Audit
Trails/Exception reports
-Other House Keeping/operational issues
-Revenue Audit
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
Implementation of Basel Capital Regulatory Requirements in
India
Disclosure Requirements
Software Usage in Banks
– General Concepts
– Discussion on important Menu codes of CBS
– Data Extraction from CBS
Audit in CBS Environment
-Checks & Strategy
-Use of Technology in Concurrent Audit
