Financial institutions and banks - audit situations, Auditing

Financial Institutions and Banks - Audit Situations

Financial Institutions

Because of the recent collapse of many financial institutions, this is still a heavily regulated region.  The building societies and financial institutions and banks are still subject to close supervision through the Central Bank of US and insurance companies are subject to strict control through the Commissioner of Insurance.


The Authoritative documents are as:

  • The Central Bank of US Act,
  • The Companies Act Cap 486
  • IAS 30 Disclosure in the Financial statements and Similar financial Institutions of Banks
  • IAPS 1000 Inter-bank confirmations process
  • IAPS 1004 The Relationship among Supervisors of Banks and Banks External Auditors
  • IAPS 1006 Audits of the Financial statements of Banks
Posted Date: 1/28/2013 2:46:40 AM | Location : United States

Related Discussions:- Financial institutions and banks - audit situations, Assignment Help, Ask Question on Financial institutions and banks - audit situations, Get Answer, Expert's Help, Financial institutions and banks - audit situations Discussions

Write discussion on Financial institutions and banks - audit situations
Your posts are moderated
Related Questions
Auditors use various tools to document their understanding of an entity's internal control system, including narrative descriptions, internal control questionnaires, and flowcharts

online exam in Auditing class. the exam will be about 2 hr. Thank you

Organization - Work Related Health Problems There are various organizations both government and private which conduct researches on Biomedical and Ergonomics, Behavioral Scien

Cost and Authorization - Detailed audit of stock Cost A favor of the auditor this is restricted generally to determining the technique adopted through the organization

1. On 5 August 2012, the financial controller informed you that the board has recently received a letter from the assistant general manager, Mr. Tan. The letter contains a confessi

during the preliminary stage of an audit, an auditor most likely would not do the following

what a group auditing and holding campanies in details with exmple propurly

The Concept of Audit Evidence Auditing is an evidence gathering exercise. It is an exercise carried out to confirm the assertions made by the management in carrying out the man

Assessment tasks: This assignment requires you to revisit the case of the collapse of US energy giant Enron Ltd. Your revisit starts with a reading of the excerpts from memos