Emergence of risk-based internal audits in banks: The objectives and scope
Historically, the internal audit system in banks has been concentrating on transaction testing, testing of accuracy and reliability of accounting records and financial reports, integrity, reliability, and timeliness of control reports, and adherence to legal and regulatory requirements. Recently, vide circular DoS.CO.PPG./SEC.04/11.01.005/2020-21 dated January 07, 2021, RBI asked banks to align their internal audit function…
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How revenue audit carried out in Banks?
Revenue audit of a bank branches is the audit of items governing income & expenditure of banks.The audit is conducted with a view to verify the accuracy, relevance of expenditure incurred & Incomes earned by the banks according to applicable latest notification and circulars. The audit is entrusted to a Charted Accountant who has to…
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Confirmed DA chart of Bank employees and Officers May-July2021
The confirmed DA for bank employees and officers from 1st May 2021 will decrease by 0.56 compared to the last quarter. Based on the CPI announced by the Labour Bureau today, the average index number would be 7818. It means Dearness Allowance for the bank staff will be 366 slabs (25.62 %) or a decrease…
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Bank clerical DA chart for May-July 2021
The confirmed DA for bank employees and officers from 1st May 2021 will decrease by 0.56 compared to the last quarter. Based on the CPI announced by the Labour Bureau today, the average index number would be 7818. It means Dearness Allowance for the bank staff will be 366 slabs (25.62 %) or a decrease…
Read article Bank officers DA chart for May-July 2021
The confirmed DA for bank employees and officers from 1st May 2021 will decrease by 0.56 compared to the last quarter. Based on the CPI announced by the Labour Bureau today, the average index number would be 7818. It means Dearness Allowance for the bank staff will be 366 slabs (25.62 %) or a decrease…
Bank sub-staff DA chart for May-July 2021
The confirmed DA for bank employees and officers from 1st May 2021 will decrease by 0.56 compared to the last quarter. Based on the CPI announced by the Labour Bureau today, the average index number would be 7818. It means Dearness Allowance for the bank staff will be 366 slabs (25.62 %) or a decrease…
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