{"product_id":"bankers-handbook-on-auditing-by-indian-institute-of-banking-finance-iibf","title":"Bankers' Handbook on Auditing By Indian Institute of Banking \u0026 Finance (IIBF)","description":"\u003cp class=\"MsoNormal\"\u003e\u003cspan\u003eThe \u003c\/span\u003e\u003cspan lang=\"EN-IN\"\u003eBankers'\u003c\/span\u003e\u003cspan\u003e Handbook on \u003c\/span\u003e\u003cspan lang=\"EN-IN\"\u003eAuditing \u003c\/span\u003e\u003cspan\u003ewas developed to address the most important aspects of bank auditing. It underscores the interlinkage and importance of an organisation's robust accounting and auditing systems.\u003c\/span\u003e\u003c\/p\u003e\n\u003cp class=\"MsoNormal\"\u003e\u003cspan\u003eThe focus area of this handbook revolves around the following:\u003c\/span\u003e\u003c\/p\u003e\n\u003cul type=\"disc\"\u003e\n\u003cli class=\"MsoNormal\"\u003e\u003cspan\u003eIntroduction \u0026amp; Types of Audit\u003c\/span\u003e\u003c\/li\u003e\n\u003cli class=\"MsoNormal\"\u003e\u003cspan\u003eInternal Audit\u003c\/span\u003e\u003c\/li\u003e\n\u003cli class=\"MsoNormal\"\u003e\u003cspan\u003eAudit in a Computerised Environment\u003c\/span\u003e\u003c\/li\u003e\n\u003cli class=\"MsoNormal\"\u003e\u003cspan\u003eAudit Aspects of Financial Statements of Banks\u003c\/span\u003e\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp class=\"MsoNormal\"\u003e\u003cspan\u003eThis book aligns with regulatory compliance and operational efficiency, especially in bank accounting and audit functions. The current edition has also been updated based on banking experts and internal faculty feedback, focusing on practicality and current digital trends.\u003c\/span\u003e\u003c\/p\u003e\n\u003cp class=\"MsoNormal\"\u003e\u003cspan lang=\"EN-IN\"\u003eThe Present Publication is the 2024 Edition, updated by Mr Sampath Kumar K S, CA (Former Deputy General Manager – Indian Overseas Bank) and vetted by Mr Anil B Rane, B.Com. \u0026amp; LLB (Former General Manager – Bank of India). Taxmann exclusively publishes this book for the Indian Institute of Banking and Finance with the following coverage:\u003c\/span\u003e\u003c\/p\u003e\n\u003cul type=\"disc\"\u003e\n\u003cli class=\"MsoNormal\"\u003e\n\u003cb\u003e\u003cspan lang=\"EN-IN\"\u003eIntroduction \u0026amp; Types of Audit – \u003c\/span\u003e\u003c\/b\u003e\u003cspan lang=\"EN-IN\"\u003eThis section provides an overview of the evolution, definition, and importance of auditing, exploring various audit types along with their scope, objectives, and limitations. It distinguishes between auditing, accounting, and investigation, laying a foundational understanding for readers\u003c\/span\u003e\n\u003c\/li\u003e\n\u003cli class=\"MsoNormal\"\u003e\n\u003cb\u003e\u003cspan lang=\"EN-IN\"\u003eBank Audit \u0026amp; Types – \u003c\/span\u003e\u003c\/b\u003e\u003cspan lang=\"EN-IN\"\u003eFocusing on the banking sector, this part delves into the significance of risk-based internal audits and provides a detailed examination of different types of bank audits, including concurrent, internal, and statutory audits\u003c\/span\u003e\n\u003c\/li\u003e\n\u003cli class=\"MsoNormal\"\u003e\n\u003cb\u003e\u003cspan lang=\"EN-IN\"\u003eRisk-Based Supervision (RBS) – \u003c\/span\u003e\u003c\/b\u003e\u003cspan lang=\"EN-IN\"\u003eThe book examines the objectives, focus, and reasons for adopting Risk-Based Supervision in banking. It discusses supervisory tools, the SPARC framework, and provides insights into the Risk Discovery Process and the IRISc Model\u003c\/span\u003e\n\u003c\/li\u003e\n\u003cli class=\"MsoNormal\"\u003e\n\u003cb\u003e\u003cspan lang=\"EN-IN\"\u003eInternal Audit's Role in Governance – \u003c\/span\u003e\u003c\/b\u003e\u003cspan lang=\"EN-IN\"\u003eThis section traces the evolution and the multifaceted roles of internal audit, emphasising its crucial role in corporate governance\u003c\/span\u003e\n\u003c\/li\u003e\n\u003cli class=\"MsoNormal\"\u003e\n\u003cb\u003e\u003cspan lang=\"EN-IN\"\u003eRisk-Based Internal Audit in Banks – \u003c\/span\u003e\u003c\/b\u003e\u003cspan lang=\"EN-IN\"\u003eHere, the book explains the concept of risk-based auditing and its practical implementation in banks, including guidelines, standards, and ethics set by the RBI and MOF\u003c\/span\u003e\n\u003c\/li\u003e\n\u003cli class=\"MsoNormal\"\u003e\n\u003cb\u003e\u003cspan lang=\"EN-IN\"\u003eRisk-Based Internal Audit Procedures – \u003c\/span\u003e\u003c\/b\u003e\u003cspan lang=\"EN-IN\"\u003eOffering an in-depth look at internal audit processes, this part focuses on audit prioritisation, reporting, and strategies for tackling auditing challenges\u003c\/span\u003e\n\u003c\/li\u003e\n\u003cli class=\"MsoNormal\"\u003e\n\u003cb\u003e\u003cspan lang=\"EN-IN\"\u003eRisk Management – \u003c\/span\u003e\u003c\/b\u003e\u003cspan lang=\"EN-IN\"\u003eIt defines and discusses the relationship between internal auditing and risk management, covering the architecture of risk management and the auditor's role in this context\u003c\/span\u003e\n\u003c\/li\u003e\n\u003cli class=\"MsoNormal\"\u003e\n\u003cb\u003e\u003cspan lang=\"EN-IN\"\u003eData Analytics and Continuous Controls Monitoring – \u003c\/span\u003e\u003c\/b\u003e\u003cspan lang=\"EN-IN\"\u003eThe section highlights the use of data analytics in business and audit decisions and outlines the techniques and benefits of continuous controls monitoring and auditing\u003c\/span\u003e\n\u003c\/li\u003e\n\u003cli class=\"MsoNormal\"\u003e\n\u003cb\u003e\u003cspan lang=\"EN-IN\"\u003eAudit in Computerised Information System (CIS) Environment \u003c\/span\u003e\u003c\/b\u003e\u003cspan lang=\"EN-IN\"\u003e– This part provides an understanding of the CIS environment and its impact on auditing, including an examination of auditing standards and approaches relevant to CIS\u003c\/span\u003e\n\u003c\/li\u003e\n\u003cli class=\"MsoNormal\"\u003e\n\u003cb\u003e\u003cspan lang=\"EN-IN\"\u003eAudit in a Computerised Environment – \u003c\/span\u003e\u003c\/b\u003e\u003cspan lang=\"EN-IN\"\u003eAn analysis of how computer systems affect internal control, along with a review of RBI guidelines for IS audit and risk management in such environments\u003c\/span\u003e\n\u003c\/li\u003e\n\u003cli class=\"MsoNormal\"\u003e\n\u003cb\u003e\u003cspan lang=\"EN-IN\"\u003eAudit Aspects of Advances – \u003c\/span\u003e\u003c\/b\u003e\u003cspan lang=\"EN-IN\"\u003eThe book examines advances reflected in balance sheets, including audit procedures and coverage of agricultural advances, NPA norms, and loan document reviews\u003c\/span\u003e\n\u003c\/li\u003e\n\u003cli class=\"MsoNormal\"\u003e\n\u003cb\u003e\u003cspan lang=\"EN-IN\"\u003eAudit Aspects of Financial Statements | Assets Side – \u003c\/span\u003e\u003c\/b\u003e\u003cspan lang=\"EN-IN\"\u003eAn overview of disclosure requirements and balance sheet analysis, focusing on assets like fixed assets and other assets, along with their audit procedures\u003c\/span\u003e\n\u003c\/li\u003e\n\u003cli class=\"MsoNormal\"\u003e\n\u003cb\u003e\u003cspan lang=\"EN-IN\"\u003eAudit Aspects of Capital, Reserves, Borrowings, \u0026amp; Deposits – \u003c\/span\u003e\u003c\/b\u003e\u003cspan lang=\"EN-IN\"\u003eThis part presents a detailed analysis of capital, reserves, and surplus in financial statements, including audit approaches and procedures for borrowings and deposits\u003c\/span\u003e\n\u003c\/li\u003e\n\u003cli class=\"MsoNormal\"\u003e\n\u003cb\u003e\u003cspan lang=\"EN-IN\"\u003eAudit Aspects of Other Liabilities \u0026amp; Provisions – \u003c\/span\u003e\u003c\/b\u003e\u003cspan lang=\"EN-IN\"\u003eExamination of other liabilities, provisions, and contingent liabilities, along with a review of bills for collection and associated audit approaches\u003c\/span\u003e\n\u003c\/li\u003e\n\u003cli class=\"MsoNormal\"\u003e\n\u003cb\u003e\u003cspan lang=\"EN-IN\"\u003eAudit Aspect of Treasury Operations – \u003c\/span\u003e\u003c\/b\u003e\u003cspan lang=\"EN-IN\"\u003eInsights into treasury operations, including forex and derivative transactions, and an understanding of investments, CRR, SLR requirements, and audit procedures\u003c\/span\u003e\n\u003c\/li\u003e\n\u003cli class=\"MsoNormal\"\u003e\n\u003cb\u003e\u003cspan lang=\"EN-IN\"\u003eAudit Aspects of Profit and Loss Account – \u003c\/span\u003e\u003c\/b\u003e\u003cspan lang=\"EN-IN\"\u003eThis section covers the preparation and disclosure in the profit and loss account, detailing audit procedures for income and expenditure\u003c\/span\u003e\n\u003c\/li\u003e\n\u003cli class=\"MsoNormal\"\u003e\n\u003cb\u003e\u003cspan lang=\"EN-IN\"\u003eDisclosure Requirements in Financial Statements – \u003c\/span\u003e\u003c\/b\u003e\u003cspan lang=\"EN-IN\"\u003eHighlights the importance and classification of disclosures in financial statements and the requirements of statutes and listing agreements\u003c\/span\u003e\n\u003c\/li\u003e\n\u003cli class=\"MsoNormal\"\u003e\n\u003cb\u003e\u003cspan lang=\"EN-IN\"\u003eAudit Aspects of Consolidation of Branch Accounts – \u003c\/span\u003e\u003c\/b\u003e\u003cspan lang=\"EN-IN\"\u003eDiscusses the process and approach to the consolidation of financial statements at various levels, including overseas branches\u003c\/span\u003e\n\u003c\/li\u003e\n\u003cli class=\"MsoNormal\"\u003e\n\u003cb\u003e\u003cspan lang=\"EN-IN\"\u003eAudit Aspects of Consolidation of Financial Statements – \u003c\/span\u003e\u003c\/b\u003e\u003cspan lang=\"EN-IN\"\u003eGuidelines on consolidated accounting and supervision, and components and audit procedures for consolidated financial statements\u003c\/span\u003e\n\u003c\/li\u003e\n\u003cli class=\"MsoNormal\"\u003e\n\u003cb\u003e\u003cspan lang=\"EN-IN\"\u003eAudit Aspect of Inter-Office Transactions – \u003c\/span\u003e\u003c\/b\u003e\u003cspan lang=\"EN-IN\"\u003eAn overview of major transactions and errors in inter-branch transactions, along with audit approaches and procedures for these transactions\u003c\/span\u003e\n\u003c\/li\u003e\n\u003cli class=\"MsoNormal\"\u003e\n\u003cb\u003e\u003cspan lang=\"EN-IN\"\u003eLong Form Audit Report of Bank Branches – \u003c\/span\u003e\u003c\/b\u003e\u003cspan lang=\"EN-IN\"\u003eDefinition, purpose, and steps in dealing with LFAR, including guidelines and important aspects for branch statutory auditors\u003c\/span\u003e\n\u003c\/li\u003e\n\u003cli class=\"MsoNormal\"\u003e\n\u003cb\u003e\u003cspan lang=\"EN-IN\"\u003eLong Form Audit Report of Head Office – \u003c\/span\u003e\u003c\/b\u003e\u003cspan lang=\"EN-IN\"\u003eCoverage and audit aspects of LFAR at the head office level, including the implementation of committee and RBI recommendations\u003c\/span\u003e\n\u003c\/li\u003e\n\u003cli class=\"MsoNormal\"\u003e\n\u003cb\u003e\u003cspan lang=\"EN-IN\"\u003eBasel III Regulations and Disclosures – \u003c\/span\u003e\u003c\/b\u003e\u003cspan lang=\"EN-IN\"\u003eAn overview of Basel III norms and the disclosure framework, along with the role of auditors in ensuring compliance with these regulations\u003c\/span\u003e\n\u003c\/li\u003e\n\u003cli class=\"MsoNormal\"\u003e\n\u003cb\u003e\u003cspan lang=\"EN-IN\"\u003eDatabase Security Audit – \u003c\/span\u003e\u003c\/b\u003e\u003cspan lang=\"EN-IN\"\u003eExploration of database security and audit principles, focusing on audit techniques, security authentication, and audit trails\u003c\/span\u003e\n\u003c\/li\u003e\n\u003cli class=\"MsoNormal\"\u003e\n\u003cb\u003e\u003cspan lang=\"EN-IN\"\u003eRemote Auditing – \u003c\/span\u003e\u003c\/b\u003e\u003cspan lang=\"EN-IN\"\u003eUnderstanding remote auditing, its advantages, limitations, and ISO guidelines, along with RBI\/ICAI guidelines on remote auditing\u003c\/span\u003e\n\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp class=\"MsoNormal\"\u003e\u003cspan lang=\"EN-IN\"\u003eThe detailed contents of this book are as follows:\u003c\/span\u003e\u003c\/p\u003e\n\u003cul type=\"disc\"\u003e\n\u003cli class=\"MsoNormal\"\u003e\u003cb\u003e\u003cspan\u003eModule A – Introduction and Types of Audit\u003c\/span\u003e\u003cspan lang=\"EN-IN\"\u003e\u003c\/span\u003e\u003c\/b\u003e\u003c\/li\u003e\n\u003cul type=\"circle\"\u003e\n\u003cli class=\"MsoNormal\"\u003e\u003cspan lang=\"EN-IN\"\u003eIntroduction to Auditing and Types of Audit\u003c\/span\u003e\u003c\/li\u003e\n\u003cli class=\"MsoNormal\"\u003e\u003cspan lang=\"EN-IN\"\u003eBank Audit and Various Types of Audit in Banks\u003c\/span\u003e\u003c\/li\u003e\n\u003cli class=\"MsoNormal\"\u003e\u003cspan lang=\"EN-IN\"\u003eRisk-Based Supervision – A New Approach\u003c\/span\u003e\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cli class=\"MsoNormal\"\u003e\u003cb\u003e\u003cspan\u003eModule B – Internal Audit\u003c\/span\u003e\u003cspan lang=\"EN-IN\"\u003e\u003c\/span\u003e\u003c\/b\u003e\u003c\/li\u003e\n\u003cul type=\"circle\"\u003e\n\u003cli class=\"MsoNormal\"\u003e\u003cspan lang=\"EN-IN\"\u003eInternal Audit – Role in Overall Governance\u003c\/span\u003e\u003c\/li\u003e\n\u003cli class=\"MsoNormal\"\u003e\u003cspan lang=\"EN-IN\"\u003eRisk-based Internal Audit in Banks\u003c\/span\u003e\u003c\/li\u003e\n\u003cli class=\"MsoNormal\"\u003e\u003cspan lang=\"EN-IN\"\u003eRisk-Based Internal Audit Procedures\u003c\/span\u003e\u003c\/li\u003e\n\u003cli class=\"MsoNormal\"\u003e\u003cspan lang=\"EN-IN\"\u003eRisk Management\u003c\/span\u003e\u003c\/li\u003e\n\u003cli class=\"MsoNormal\"\u003e\u003cspan lang=\"EN-IN\"\u003eData Analytics and Continuous Controls Monitoring\u003c\/span\u003e\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cli class=\"MsoNormal\"\u003e\u003cb\u003e\u003cspan\u003eModule C – Audit in Computerised Environment\u003c\/span\u003e\u003cspan lang=\"EN-IN\"\u003e\u003c\/span\u003e\u003c\/b\u003e\u003c\/li\u003e\n\u003cul type=\"circle\"\u003e\n\u003cli class=\"MsoNormal\"\u003e\u003cspan lang=\"EN-IN\"\u003eAudit in Computerised Information System (CIS) Environment – An Introduction\u003c\/span\u003e\u003c\/li\u003e\n\u003cli class=\"MsoNormal\"\u003e\u003cspan lang=\"EN-IN\"\u003eAudit in a Computerised Environment\u003c\/span\u003e\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cli class=\"MsoNormal\"\u003e\u003cb\u003e\u003cspan\u003eModule D – Audit Aspects of Financial Statements of Banks\u003c\/span\u003e\u003cspan lang=\"EN-IN\"\u003e\u003c\/span\u003e\u003c\/b\u003e\u003c\/li\u003e\n\u003cul type=\"circle\"\u003e\n\u003cli class=\"MsoNormal\"\u003e\u003cspan lang=\"EN-IN\"\u003eAudit Aspects of Advances\u003c\/span\u003e\u003c\/li\u003e\n\u003cli class=\"MsoNormal\"\u003e\u003cspan lang=\"EN-IN\"\u003eAudit Aspects of Bank's Financial Statements – Assets Side (Other than Advances)\u003c\/span\u003e\u003c\/li\u003e\n\u003cli class=\"MsoNormal\"\u003e\u003cspan lang=\"EN-IN\"\u003eAudit Aspects of Capital, Reserves \u0026amp; Surplus and Borrowings \u0026amp; Deposits\u003c\/span\u003e\u003c\/li\u003e\n\u003cli class=\"MsoNormal\"\u003e\u003cspan lang=\"EN-IN\"\u003eAudit Aspects of Other Liabilities \u0026amp; Provisions and Contingent Liabilities\u003c\/span\u003e\u003c\/li\u003e\n\u003cli class=\"MsoNormal\"\u003e\u003cspan lang=\"EN-IN\"\u003eAudit Aspect of Treasury Operations – Forex \u0026amp; Derivative Transactions\u003c\/span\u003e\u003c\/li\u003e\n\u003cli class=\"MsoNormal\"\u003e\u003cspan lang=\"EN-IN\"\u003eAudit Aspects of Profit and Loss Account\u003c\/span\u003e\u003c\/li\u003e\n\u003cli class=\"MsoNormal\"\u003e\u003cspan lang=\"EN-IN\"\u003eDisclosure Requirements in Financial Statements\u003c\/span\u003e\u003c\/li\u003e\n\u003cli class=\"MsoNormal\"\u003e\u003cspan lang=\"EN-IN\"\u003eAudit Aspects of Consolidation of Branch Accounts\u003c\/span\u003e\u003c\/li\u003e\n\u003cli class=\"MsoNormal\"\u003e\u003cspan lang=\"EN-IN\"\u003eAudit Aspects of Consolidation of Financial Statements\u003c\/span\u003e\u003c\/li\u003e\n\u003cli class=\"MsoNormal\"\u003e\u003cspan lang=\"EN-IN\"\u003eAudit Aspect of Inter-Office Transactions\u003c\/span\u003e\u003c\/li\u003e\n\u003cli class=\"MsoNormal\"\u003e\u003cspan lang=\"EN-IN\"\u003eLong Form Audit Report of Bank Branches\u003c\/span\u003e\u003c\/li\u003e\n\u003cli class=\"MsoNormal\"\u003e\u003cspan lang=\"EN-IN\"\u003eLong Form Audit Report of Head Office\/Central Office\u003c\/span\u003e\u003c\/li\u003e\n\u003cli class=\"MsoNormal\"\u003e\u003cspan lang=\"EN-IN\"\u003eBasel III Regulations and Disclosures\u003c\/span\u003e\u003c\/li\u003e\n\u003cli class=\"MsoNormal\"\u003e\u003cspan lang=\"EN-IN\"\u003eDatabase Security Audit\u003c\/span\u003e\u003c\/li\u003e\n\u003cli class=\"MsoNormal\"\u003e\u003cspan lang=\"EN-IN\"\u003eRemote Auditing\u003c\/span\u003e\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/ul\u003e","brand":"Curiocty Box","offers":[{"title":"Default Title","offer_id":67607759421549,"sku":"BK-BANKERSHANDBOOKONAUDITING","price":829.0,"currency_code":"INR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0701\/4609\/7261\/files\/9789357785990L.jpg?v=1790761117","url":"https:\/\/curioctybox.com\/products\/bankers-handbook-on-auditing-by-indian-institute-of-banking-finance-iibf","provider":"Curiocty Box","version":"1.0","type":"link"}