The concurrent audit system of banks has become very crucial and important for banks. The main objective of the system is to ensure compliance with the audit systems in banks as per the guidelines of the Reserve Bank of India and importantly, to ensure timely detection of lapses/ irregularities. In view of the core competence of the chartered accountants in the area of finance and accounting, risk management, understanding of the internal functioning and controls of banks, etc., the banking sector has been relying extensively on them to comply with these requirements of the regulator.
The Internal Audit Standards Board of the Institute organizes Certificate Course on Concurrent Audit of Banks for the members with the objective to provide an opportunity to the members to understand the intricacies of concurrent audit of banks thereby improving the effectiveness of concurrent audit system in banks, and also the quality and coverage of concurrent audit reports. Till date, one hundred and seventy batches of the Certificate Course have been organized at various places. The Board has also finalized schedule for holding the Certificate Course in various regions of the country. The total duration of the Certificate Course is six days and classes maybe held on either on weekends or on three consecutive days as per the requirement of the concerned batch. The complete course structure of the Certificate Course with session-wise details is available at link:http://188.8.131.52/29877course-structure19476.pdf . Further, updated schedule of forthcoming batches of the Certificate Course may be referred at link: http://www.icai.org/post.html?post_id=9611.
The Internal Audit Standards Board proposes to involve experts for taking up sessions in the Certificate Course who possess minimum five years experience of banking industry and have delivered lectures at various forums of chartered accountants. Interested persons are requested to e-mail their detailed resumes at firstname.lastname@example.org;email@example.com specifically indicating their competency (areas of expertise, experience, etc.) in the topics of the Certificate Course on Concurrent Audit of Banks at the earliest. The Board would select the faculties and inform them of their selection in the panel of faculties in due course. The honorarium to the faculties would be paid as per the rules of the Institute in this regard.
Chairman, Internal Audit Standards Board
Desktel: 0120 -3045995