Branch Banking Audit: Compliance | Risk | Best Practices

Branch Banking Audit: Compliance | Risk | Best Practices free download

Become proficient in branch banking audits with a detailed guide to asset classification, regulatory compliance etc.

Course Introduction

This course offers an in-depth understanding of branch banking audits, focusing on regulatory compliance, asset classification, revenue management, and audit methodologies. It caters to aspiring auditors, finance professionals, and banking personnel, equipping them with practical skills to conduct efficient and effective audits within a banking environment.

With a structured curriculum spanning key aspects such as prudential norms, KYC adherence, concurrent audits, revenue leakage detection, and the CBS (Core Banking System) environment, this course prepares you to excel in bank audits while ensuring compliance with regulatory standards.

Section-Wise Curriculum Overview

Section 1: Introduction

Get introduced to branch banking audits, their significance, and their evolving role.

• Lecture 1: Introduction to Branch Banking Audit (Preview enabled)
  Overview of branch audits and their relevance in the banking sector.

• Lecture 2: Role of Banks
  Understanding the pivotal role banks play in financial systems.

• Lecture 3: Future of Bank Branch Audits
  Insights into how branch audits are evolving with technology and regulatory changes.

Section 2: Guidelines for Classification of Assets

Learn about asset classification standards and loan management principles.

• Lecture 4: Asset Classification
  Basics of classifying bank assets for audit purposes.

• Lecture 5: Guidelines for Classification of Assets
  Regulatory guidelines for asset classification and compliance.

• Lecture 6: Upgrading Loan Accounts Classified as NPAs
  Understanding non-performing assets (NPAs) and recovery strategies.

• Lecture 7: Understanding Advances
  Analysis of loan advances and their role in audits.

Section 3: Special Regulatory Treatment for Asset Classification

Deep dive into regulatory norms, audit objectives, and compliance standards.

• Lecture 8: Prudential Norms
  Introduction to prudential norms governing banking operations.

• Lecture 9: General Principles & Prudential Norms for Restructured Advances
  Guidelines for restructured advances and their classification.

• Lecture 10: Special Regulatory Treatment for Asset Classification
  Focused study on special treatments in regulatory frameworks.

• Lecture 11-16: Audit Objectives and Methodology
  Detailed exploration of audit objectives, scope, planning, and methodology.

• Lecture 17-19: Bank Concurrent Audits
  Definition, objectives, and scope of concurrent audits.

• Lecture 20-27: Key Audit Aspects of Advances and Deposits
  Practical auditing techniques for loan advances, deposits, and KYC compliance.

• Lecture 28-35: Housekeeping in Branch Audits
  Covering cash remittance, cheques, vouchers, returns, registers, and locker maintenance.

Section 4: Revenue Leakage

Understand and address revenue and expenditure leakages in branch audits.

• Lecture 36: Revenue Leakage
  Overview of revenue leakage in banking operations.

• Lecture 37-40: Income and Expenditure Analysis
  Identifying and rectifying common issues causing revenue leakage.

• Lecture 41-43: Common Reasons for Leakages and Budgetary Analysis
  Practical solutions to minimize financial discrepancies.

Section 5: Other Key Areas

Explore additional critical audit areas, including LFAR and CBS-related challenges.

• Lecture 44-47: Verification of Key Areas
  Auditing staff matters, pension payments, and other sensitive areas.

• Lecture 48-52: Long Form Audit Report (LFAR)
  Detailed guide to creating and understanding LFAR with a focus on special considerations.

• Lecture 53-56: Practical Issues and CBS Environment
  Tips to address issues in auditing within a Core Banking System (CBS) environment.

Conclusion

By the end of this course, you will have mastered the essentials of branch banking audits, equipping you to handle practical auditing challenges effectively and ensuring compliance with evolving regulations.