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.

Banks

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

Ask an Expert

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

Write your message here..

Related Questions

Code of ethics for auditor, Fitri, a sole proprietor in pulic practice, pla... Fitri, a sole proprietor in pulic practice, plans to establish a separate department that will provide internal audit service to his audit clients.

Independent auditors'' report, INDEPENDENT AUDITORS' REPORT Board of Dir... INDEPENDENT AUDITORS' REPORT Board of Directors Los Angeles County Fair Association Pomona, California We have audited the accompanying consolidated statements of financial posi

Assignment, i have assignment i have assignment

Cost audit, concept,need,advantage concept,need,advantage

Discontinued operations - audit of accounting estimates, Discontinued Opera... Discontinued Operations - Audit of Accounting Estimates A discontinued operation is a component of an entity that either has been disposed of or is held for sale. So it might

Medical billing and coding, I need help with my homework for medical billin... I need help with my homework for medical billing and coding can you help?

Difference between internal audit and statutory audit, An internal audit is... An internal audit is one which is conduct by the internal auditors of the company. It is not mandatory for the company and the company just conducts it to keep a check on the opera

Briefly explain different types of audit, Government has recently set up a ... Government has recently set up a parastatal body responsible for waste management in Mauritius. The management is unsure as to the need for an audit and the setting up of an intern

Discuss the value of external audit, The management of a newly incorporate... The management of a newly incorporated company is unsure as to the need for an audit. Your services have been requested to explain to management the concept of auditing. Requir

The concept of audit evidence, The Concept of Audit Evidence Auditing i... 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