Audit क्या है? Bank में Concurrent Audit कैसे किया जाता है?

In this video, we have talked about auditing and its purpose. We have mainly focused on the concurrent audit, which is done in the banks on a regular basis. If you are going for a concurrent audit, this video will be helpful for you as it covers the things a concurrent is supposed to do in the banks.
___________________
Support Us:
If you like our content, please consider supporting us:
Phonepe: [phone]
#Auditing #Audit #ConcurrentAudit
___________________
About Us:
We are an educational platform. Our specialty lies in the areas of governance, economics, finance, ethics, and law. However, you would also find us venturing out of our defined boundary line and covering everything that matters the most, including the trending hot topics.
___________________
Humble Request:
Your continuous support makes the production of these videos possible. Your subscription, likes, and comments are morale boosters for us.
___________________
Disclaimer:
We are an educational platform, and all our videos are purely for educational and research purposes. We are not a substitute for your regular schools or classes. We recommend that you attend your offline classes in addition to watching our videos.
Copyright:
We respect your intellectual property rights and are committed to protecting the same. All third party contents used in our videos comply with the fair use principle. Our use of any third-party content is limited to education, research, review, criticism, parody, and pastiche, permitted under the copyright laws. Although we remain extra careful in using third party content, we agree that we too can make mistakes. If you believe that we have used your copyrighted material in our videos and such use goes against the fair use principle, please let us know. Our email address is given in the “about” section of this channel. We assure full cooperation in protecting your rights.
© 2020 aeontalks

[@aeontalks]

Guys, our channel needs a boost. I would truly appreciate it if you help us reach the 10k subscriber goal by a) subscribing to it, and b) sharing it with your friends 🙏. It will motivate us to keep making the videos!

[@Mishra138]

Superb video Kindly upload such type of content more. Thanks for your time & information.

[@aeontalks]

Thanks!

[@banarasivlogs1385]

Bahut ache s smjhaya sir aapne 👍👍👍🙏🙏🙏 thanks sir

[@aeontalks]

Welcome

[@md.fakhrealam5974]

Many many thanks sir what a wonderful andaz-e-beyan...

[@aeontalks]

Thanks.

[@surajshrivas5108]

Thank you so much sir, for amazing class ,Now i will become your intern sir👍👍🙏🙏

[@aeontalks]

I'm a CS, not a CA. Besides, I'm in employment, not in practice 😁. Thanks

[@neerajkhandekar4328]

Thanks for sharing this information sir . Same chije ham roj karte hai as a concurrent auditor bank me .

[@DebGhosh-i6z]

Thank you this video help me a lot

[@RaviSingh-fq1og]

Very nice sir

[@shreerambuilders7992]

THANKS,,, nice explanation

[@cosmosworld5883]

Informative 👍👍

[@ShubhamMishra-kz1fv]

Biggest Fan Sir!!!!

[@aeontalks]

😁 thanks, Shubham.

[@himanshukithania9393]

Plz,Upload videos on cracking ca interview whether in articleship or job.

[@aeontalks]

Good suggestion. Will do. 👍👍 Thanks

[@rakeshricky2358]

Concurrent audit of banks 7:40

[@Soulfeel00]

YOU KNOW 😭😭

[@sameershaikh3423]

Sir loan files ki concurrent bank audit ke procedures aur steps pr ek video banao please 🙏 Thanks for your efforts .

[@aeontalks]

Baki k videos me cover Kiya hua hai.. but i will try making a new video. Thanks 👍👍

[@sameershaikh3423]

@@aeontalks ok sir... Thanks a lot

[@gkpoint4783]

Awesome bhaiya 🙏

[@pritamchatterjee8867]

You are just awesome bhai

[@aeontalks]

👍👍

[@nehamaheshwari1610]

7:45 CONCURRENT AUDIT

[@navin_mahto]

Fast time oudit me jana hai sir kayse confidans leval bild kare

[@aeontalks]

Baki videos me maine kuch topics ko cover kiya hai. Us se help milega.. sabhi ko pahle do-tin din issue hota hai.. 🙂👍

[@GujjarLand0001]

Nice information sir 👌👌👌

[@aeontalks]

Thanks 👍

[@gajendrakumar1240]

Good advice sir

[@aeontalks]

Thanks

[@mahimasingh240]

thanku sir for this video...

[@rachnatheexplorer3802]

Can you please share checklist or procedure

[@aeontalks]

Yes, I will do 👍👍

[@vedparkashgupta1831]

@@aeontalks sir...apne kha share ki h ..check list....

[@aeontalks]

@@vedparkashgupta1831 I tried to find its link online but there is none. The one available at cleartax.in/s/bank-audit-check-list-procedure-concurrent-audit is not in detail but will still be helpful. You can check. No worries, you can still follow the checklist provided by the bank you are auditing. Thanks

[@niyapath4048]

Very Helpfull video Sir 👍 Income leakage kya hota he sir or kaise identify karenge area wise bataye

[@aeontalks]

Hi Niya, maine already ek video banaya hua hai income leakage pe.. channel pe available hai. Please check it once. Thanks.👍👍

[@Asthakwh]

Sir BA karke auditor ban sakte hai kya ?

[@aeontalks]

Bank, statutory auditor etc. nahi ban sakte lekin government exams de k ban sakte hain.. For example, BPSC auditors ka exam leti hai.. usme apear ho ke, pass hoke bana ja sakta hai

[@Asthakwh]

@@aeontalks ok sir

[@Manali0333]

Concurrent audit kitne years ka hota he? Aur extend ho skta he kya? Q ki mene kiya tha then bank manager ne hamare company k sath kuch years extend kiya tha

[@aeontalks]

Hi, it depends on the contract entered into between the bank and the firm.

[@shivani7623]

Mjhe kal jana plz aur koi video ho toh batao ap jo isseh b jyda helpful ho m boht nervous hu 😭😣

[@aeontalks]

Nervous hone jaisa kuch nahi hota.. be confident. Introduce yourself to the manager and show your documents. Jaise photo copy of the email confirming your appointment. Ask the manager that who will provide you with the documents if needed. Uske baad ask for a computer system if it is going to be an online or system based concurrent audit. Then, log in to the system using the id pasworod. First time thoda system ko samajhna padta hai. So take your time to understand their audit application properly. No need to be in hurry, as concurrent audit is a long time process that often runs for several years. Uske baad manager se loan register mango aur dekho ki is month me kitna loan hua hai.. Iske baad ek do loan files mango aur check it carefully ki kahin mistake to nahi hua hai bank employees ke dwara. In particular check the following. 1. Sara signature complete hona chahiye 2. Kyc documents ka original verification hona chahiye 3. Loan agreement completely filled hona chahiye 4. System me rate of interest accurate laga hona chahiye. 5. Agar home loan hai to legal opinion/report ka copy hona chahiye 6. Agar gold loan hai to jeweler se certified hona chahiye. 7. Agar personal loan hai to check ki salary account kahan pe hai aur salary regularly aata hai ya nahi. 8. EMI calculation sahi se hua hona chahiye. In general 50% of the monthly income at max can be collected as EMI. 9. Most importantly, credit rating jaise CIBIL score ka copy laga hona chahiye. 10. Bank charge, loan processing charges collect hue hone chahiye. 11... And so on Iske baad do the operational part verification. Like alarm kaam karta hai ki nahi.. Sare registers maintain hote hain ya nahi.. Ek hi din me sara kaam nahi karna hai.. so approach it in a systematic manner. One by one. Ek din loan verification and ek din operational part. Nothing to fear. Ask the manager or the deputy manager for help if you are in need. Like kisi chiz ko samajhna hai to talk to them. That's all.

[@shivani7623]

@@aeontalks thanks ❤️

[@neerajkhandekar4328]

I am a concurrent audit at punjab national bank don't worry you are going to handle this easily system sare automatic hote hai dhire dhire files study karna finance sector me thoda deep knowledge chahiye jo tym se sikh jaogi 🙂🙂🙂.

[@Pankajsaini-ro7gk]

@@aeontalks sir humne to three branches ek hi din me nipta di thi 🤔🙄

[@aeontalks]

@@Pankajsaini-ro7gk 😃

[@bimuk33]

Audit ka important information for myself

[@arunthakur705]

Sir jaise ki transaction vauchers missing hai or maine uspe comment kr diya to kya wo save krne ke bad branch manager ke pass chala jayega ki kaise ???

[@aeontalks]

Haan.. comments branch manager ke paas jate hain.. unko bhi audit system ka access hota hai.. After that, wo rectify karte hain aur auditor ko batate hain.. uske baad auditor usko close kar deta hai 👍👍

[@arunthakur705]

@@aeontalks Thankyou So much Sir

[@arunthakur705]

@@aeontalks Sir aapse call pe bat ho payega kya bahut sare doubt hai

[@rimmysahi2924]

Very helpful

[@aeontalks]

Thanks, Rimmy. Please check it's second part as well.

[@rimmysahi2924]

@@aeontalks from Monday i am going for concurrent audit....i checked all your vidoes on this topic....thnk you

[@aeontalks]

Thanks and best wishes 👍👍

[@Arvindkejriwal-r3x]

Thank you

[@amit_meher1092]

Can a bsc student perform bank audit???

[@aeontalks]

Not independently, but if you work for a CA firm you might do it as part of the audit team. Best wishes 👍

[@amit_meher1092]

@@aeontalks What might be the salary??

[@himanshukithania9393]

Nice

[@aeontalks]

Thanks

[@shivani973]

Thanks

[@aeontalks]

👍👍

[@omprakashbishnoi8894]

Sir ji mene loan liya hai 1 year ho gya hai kist har month bhrta hu ab bank n audit jari kiya h kya krna pdega

[@aeontalks]

Kuch nahi.. agar aap har month emi de rahe to phir npa nahi hoga

[@akshitasahsah7152]

Audit officer bank me h to iska permotion kon sa post pr joga

[@aeontalks]

Private bank hai to kisi bhi department me dal sakta hai, viz. Inspection, credit etc. Thanks

[@akshitasahsah7152]

@@aeontalks nhi pnb me h hm

[@satishsah4843]

Practically agr dikha sakta hai tho plss vedio dalyega sir

[@aeontalks]

Hi Satish, banks ke sare information confidential hote hain. You cannot use a video camera inside a branch. Lekin mai try karoonga ki practical way me ise explain Kar sakun khud se presentation ready Kar ke👍👍 Thanks

[@Pankajsaini-ro7gk]

@@aeontalks ji sir same here

[@CAknowledgewala07]

I can try in my branch after hiding information of customer... stay connected

[@maheshkaushik1722]

Kya concurrent Auditor ke articles jo bank ka audit karte hai unhe bank ka id card just like a staff id mil sakta hai during lockdown bank audit ke liye

[@aeontalks]

Nahi, Mahesh. Bank aisa koi id issue nahi karta. Appointment letter/email ka copy aur firm ke id se bhi ho jayega. Ek baar bank ke inspection department me baat kijiye. Wo log ek paper pe likh ke de sakte hain ki "You are working as a concurrent auditor in XYZ Bank". Hope it helps.

[@ogggyy_oye]

thanks 😊😊👍 sir

[@user-qf7rc6lt6y]

SIRRR MUJHE KNOWLEDGE CHAHYE AUDIT KAA COMMERCE SE NHII HOON MAIN KOOCH PROBLEM KII WAJAH SE BUT MAIN JATA HOON BANK TOO BASIC PATA HAI MUJHE THODA OR BATA DOOO

[@aeontalks]

Okay.. Thanks

[@super3039]

Bank jate ho iska matlab tum audit karoge 😂....waa commerce se nahi ho fir bhi itna confidence kaha se aata hai bhai tum me..... Pakka tum engineering se ho...kyo ki tumhe wo kam to aata nahi hoga....is liye commerce walo ko itna granted lete ho ...

[@meenamahi2900]

Sir ik bank mai aduting kitne din ka hota hai

[@meenamahi2900]

Sir bata do

[@aeontalks]

Concurrent audit - jitne din ka contract ho ya jitne din bank chahe.. 2-3 saal kam se kam. Statutory Audit - Financial year k last me 10-15 din..

[@meenamahi2900]

Jo audit 1 saal ke baad hota hai wo kitne din chlta hai sir

[@subodhkumar-on1cm]

I DONT KNOW.....

[@aeontalks]

Guys, my new video covering NPAs in detail is now published. Please follow this link kzbin.info/www/bejne/mYKXpI2Ljtt9jck Thanks

[@ritikamehta2834]

Are the banks required to deposit form 15G/H to Income Tax Department. If yes, what are the compliances regarding this.

[@aeontalks]

Hi Ritika.. Yes, banks are required to furnish the declaration submitted by their clients to the Income Tax Department, as per Section 197A(2) of the Income Tax Act 1961. Several other provisions such as Rules 29C(4) read with Rule 31a(4)(VII) of the Income Tax Rules make it obligatory for the banks to furnish Form 15G and 15H to the Income Tax Department as well. For your convenience, I have summarised the provisions hereinbelow. Sections 197A(1) and 197A(1A) of the IT 1961 - The main provisions that grant relief if a taxpayer makes a declaration of nil tax liability. Section 197A(2) - Requires everyone responsible for the deduction of taxes to make available a copy of such declaration to the income tax department. Rule 29C(3) - Speaks what 197A(1) and 197A(1A) speak but names the forms required to make such declaration, i.e., Form 15G and 15H. Rule 29C(4) - Speaks what 197A(2) speaks but specifies how and in what manner shall the declarations be submitted to the income tax department. It says that the banks, employers, etc. shall furnish the declarations made by the taxpayers in the manner prescribed by Rule 31a(4)(VII). Rule 31a(4)(VII) - the content of the declarations in the TDS return. Hope it helps. Thanks

[@ritikamehta2834]

@@aeontalks thank you so much

[@saurabhmishra4628]

Sir can you tell ,whether concurrent audit r applicable to RRBs?? If not why??

[@aeontalks]

Thanks, Saurabh. Yes, RRBs are subject to the concurrent audit system. Please note that RRBs also fall under the purview of RBI. However, some of their functions, including the concurrent audit system, are supervised by NABARD. In the case of commercial banks other than RRB, the RBI issues circulars whenever necessary. However, in the case of RRBs, all such circulars are issued by NABARD. It is not rare to find RRBs looking for CA firms for their empanelment as concurrent auditors per NABARD guidelines :) Please read the subjects of the following circulars carefully. It shall help clear your doubts. 1. www.rbi.org.in/scripts/NotificationUser.aspx?Id=9949&Mode=0 2. www.nabard.org/CircularPage.aspx?cid=504&id=798 Hope it helps.

[@saurabhmishra4628]

@@aeontalks Thank you sir .appreciate your efforts

[@mrinfo1734]

Me as a accountant audit kr sakta hu kya

[@aeontalks]

Audit kis type ka hai us pe depend karta hai. For example, Kuch NBFCs internal audit k liye bcom mcom hi leti hain

[@mrinfo1734]

@@aeontalks concurrent audit kr sakta hu kya b. Com ki h

[@tanishagrawal704]

Sir minimum kitni salary hoti hai auditor ki ?

[@aeontalks]

Hi Tanish.. ye depend karta hai ki kaun audit kar raha hai, kis type ka audit hai, aur kis ka audit ho raha hai. Banks ke ex employees ko 25000-45000 tak milta hai concurrent audit me. Har bank ka apna payment alag alag hai. CAs ko bhi 20000-45000 per branch milta hai.. agar 2-3 concurrent audit chal raha hai to they would make somewhere around 1 lakh per month. Article ko 20-30% of the concurrent audit fee ka milta hai.. Statutory audit ka fee branch k profile pe depend karta hai.. for example, agar kisi branch ke advances/loans 700-1000 crore hain to approx 5-6 lakh fee banta hai. Statutory audit ka fee rbi regulate karta hai but concurrent audit me bank khud decide karte hain ki kitna Dena hai. Hope it helps 🙂 Thanks 👍

[@tanishagrawal704]

@@aeontalks thnx man for your efforts Meko 1500 rs mehna bola ek ca ne concurrent audit karne ka vo mujhe sikhayenga bhi

[@CAknowledgewala07]

In starting day's mujhe 3200 milte the...ZIAD sai links bnn gye to job k karan 30000+ mil rahi hai

[@bimuk33]

General accounting

[@rajatdwivedi1305]

OK ir

[@Pathaktechsupport]

You know 😮😮😮😮😮😂😂😂

[@lalitrathod578]

Unnecessary voice in back ground

[@aeontalks]

It's my fan making noise. I am still learning to improve the quality. Latest videos don't have this issue btw. 👍 Thanks