Bank Audit

the general ledger leading to the crucial situation of final accounts not being in agreement with the books of accounts. When new channels like Automated Teller Machine (ATM) are added: New channels linked recently are sometimes not tested substantially. An example of ATM itself will clear the point. In any bank, the books are closed […]

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Presentation of Write-Back of Provisions No Longer Required in the Statement of Profit And Loss

  Facts of the Case A public sector company under the Ministry of Steel, Government of India, is primarily engaged in rendering design & engineering, technical consultancy, and project management services for various clients in India and abroad. The company is also executing Engineering, Procurement and Construction (EPC)/turnkey projects involving supply of equipment, erection, commissioning […]

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