Nowadays almost all banks use software for audit purpose in contrast to traditional way of submitting reports in paper form in prescribed format .
I’m sharing with you my concurrent audit experience. I hope it would help you all especially who is going to do it for the first time as audit assistant.
Audit type- Concurrent Audit
Software used- Ethic (Name of audit software)
Here I would discuss only front end of ethic software.
Firstly, 2 IDs are provided by bank
One ID- as Chartered Accountant
Another ID-as Article assistant
Usually, all comments when an assistant is engaged for bank audit assignment may be added/saved by him and then approval and final submission is required to be done by chartered Accountant through login ID assigned for it.
After logging in the system , different audit modules appears on screen. Just click on concurrent audit module for performing concurrent audit.
Now a screen is displayed where 2 menu tab show on top left-Audit tab, Report tab
Also on main screen, monthly loan accounts are displayed which need to be checked for concurrent audit report. These loan accounts are new loan opened although may not be disbursed yet which need to be checked.
In Audit menu tab, drop down menu is displayed on clicking it which have options like
Executive summary audit,
Jewel loan,
Legal audit format
IS audit,
Risk assessment process,
concurrent monthly audit observations , etc.
Report menu tab have options like
Monthly audit report,
Discussion report,
Jewel loan report,
Executive summary report,
Concurrent auditor certificates etc.
In simple words, audit report formats for different forms that need to be submitted as per terms and conditions of assignment can be accessed through “Audit” menu and final monthly submitted reports/certificates can be accessed through “Report” menu.
I hope you find it helpful. Stay tuned for more information on audit in ethic.
Do comment for improvement in content.
Thank you.
#Bankaudit#eTHIC#Concurrent audit#banks#Audit
Video Clip:
Curtesy:
Mrs. Jyoti Abhaypal, Chartered Accountant
अगर आप निवेश के लिए सही योजना बनाना चाहते हैं, तो SIP और SWP कैलकुलेटर 2025 जरूर देखें। यह टूल आपके निवेश लक्ष्यों को बेहतर ढंग से समझने में मदद करेगा।
Click here to Win Rewards!