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Unit 4: Bankl Audit - Coggle Diagram
Unit 4: Bankl Audit
Under sec 6 banks are allowed to do
Borrowing and Lending
Dealing in Negotiable Instruments
Issuing LCs, Traveler's Checks, Circular Notes
Foreign Exchange Transactions
Underwriting and Share Dealing
Providing Safe Deposit Vaults
Agency, Guarantee, and Indemnity Functions
Managing and Dealing with Property
Trustee/Executor Services
Other Notified Businesses
Features of Enactments Affecting Banks
Business Restriction
Capital Requirement
Reserve Fund
Cash Reserve and SLR
Investment and Loan Restrictions
Dividend Restrictions
Accounting Format
Audit Provisions
Steps
Evaluate Internal Control System
Check Advances
Check Other Assets
Check Liabilities
Scrutinize P&L Items
Prepare Audit Report
Audit of Public Ltd Companies
Auditor Disqualification Provisions (Section 141)
Removal of Post of Auditor
Auditor Remuneration (Section 142)
Reimbursement of Auditor Expenses
Loans and Advances (Section 143)