A Guide to Risk Based Internal Audit System in Banks

CA Shiva Chaudhari

Αυγ 2017 · Notion Press

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There are many literatures on banking, banking laws, internal audit system and their applications in the banking sector, with each book focusing on a specific area. A Guide to Risk-Based Internal Audit System in Banks covers everything about banks, their operations, business, compliances and areas to be covered in risk-based audits and audit processes, in the form of guidance. This book will help company managements to implement the internal audit system in banks and at the same time, it explains the role and responsibilities of internal auditors whether in-house or outsourced.
Why this book?
v Written in simple and clear language using appropriate flowcharts and diagrams
v Focuses on practical aspects of internal audit system in banks
v Explains the evolution of the banking sector from traditional to modern
v Explains laws governing the banking sector in India
v Provides practical guidance on auditing each areas of banking operations and the assets and liabilities based on risk
v Serves as a guide to auditors, students, academicians and bankers to understand and apply the risk-based internal audit concept in banks

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Mr Chaudhari is a Chartered Accountant by profession. He is a business consultant providing professional services in fields of strategic business planning, risk management, due diligence and corporate compliance. He has more than seven years of experience in the field of consulting and international business management, covering international trade disputes, and managing export and import trades. He has completed many assignments of various public sector banks related to risk-based audits, forensic audits and special assignments from the regulators.
In addition to being a Chartered Accountant he also holds degree of Master of Business Administration, International Banking and Finance and Forensic Accounting and Fraud Examiner. He also serves as a member of board of various companies in India.
Based on his experience, he has written numerous articles for trade and business magazines. He is actively associated with state and national level trade associations. He is also a founding member of national level NGOs in the education and agriculture sector.