An Overview of Bank Audit

An Overview of Bank Audit

Author Name : Dr. Neeraj Goel

ABSTRACT Bank audit is a procedure performed by an auditor appointed by RBI and ICAI to verify the financial statements of the banking institutions and to verify whether the banking concerns are following the law and compliances or regulatory framework applicable on them or not. This paper gives a brief introduction to bank audit. It also discusses about the procedure of bank audit and the types of bank audit. Importance of bank audit, the information about the audit committee and internal and external auditor is presented at the last.