Cash Vouching and Audit in Banks

Vouching and Auditing Cash Transactions in Banking Company Accounts for Auditors and Accountants

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What You Will Learn!

Learners get first hand exposure to Audit Topics, Vouching and Verification.
Explains about Cash Vouching from the perspective of Bank Audit
Explains clearly Final Accounts of Companies
Explains Final Accounts of Banking Companies

Description

Cash Vouching and Audit in Banks is a condensed course on Cash Vouching and Verification as well as on Bank Audit, performed in the Indian Banking sector.

In India, Bank Audits are normally Statutory Audits that are undertaken once in an year or less frequently only by Chartered Accountants specifically nominated by ICAI and RBI.

Financial Statement Audit, usually conducted in Foreign Banks is usually conducted by CPA (Certified Public Accountants) who are qualified themselves in the USA.

Internal Audits in various banks are also conducted in Organizations by its Employee where the Employees (Financial Managers or Non-Financial Managers) carry on with internal audit upon nomination from the Management of their Organization.

In addition, Bank Audits (Internal Audit) are sometimes done by Bankers who may have credentials (CAIIB, CBA etc) whose curriculum gives enough knowledge on current developments and customization frameworks on Internal Auditing for most regular Bank Employee.

In order to prepare the Learners enter this into the Bank Auditing field, which is not a regular activity in Banks, and gain a better understanding of this vast topic, this course, Cash Vouching and Audit in Banks, gives a 1 hour exposure to the fine elements of Bank Audits, Vouching and Verification in general, and Auditing in the Indian banking sector in particular.

This enables Professional Engineers and Certified or Diploma Holders to gain a conceptual understanding of the Audit process in Banking, Financial Statements and Schedules that inherently a bank maintains as part of the General Book Keeping Process.

Once the learner gets enough exposure to the Bank Audit process, Vouching, Verification, Final Accounts, Presentation of Financial Statements and Schedules, they can take up an advanced course on the same field, thereby, get a better grip on this otherwise gruelling Banking & Finance topics.