BANK - CONCURRENT AUDITOR

DO’S:

1. Pre concurrent audit study of the auditee unit /department should be done getting all relevant information and off site monitoring reports of the concerned unit.

2. Prepare proper audit plan based on 1 above, covering all the areas of the scope, requirements, keeping in the view the time lines

3. Have a structured introductory meeting with the concerned branch/unit/auditee and seek all the information required in advance with proper time schedule. Introduce the audit team to the auditee.

4. Audit team shall be accompanied by senior and experienced members as required.

5. Auditors to display team spirit and avoid misunderstanding/arguments in the presence of auditee/the concerned branch/unit.

6. Discuss findings/ share audit notes with branch officials on daily basis and try to rectify the defects then and there it self immediately.

7. Give auditees / the concerned branch/unit a chance to express their opinion while discussing the issues. Getting a proper explanation in a co-operative atmosphere shall save precious time of both the parties.

8. In case of difference of opinion with auditee / the concerned branch/unit, the auditor shall first discuss with the leader of his team. Further discussion on a higher level may be made, if required.

9. In case auditors come across any information which causes them to suspect any element of fraud, gross negligence, gross incompetence or similar unfavorable actions or tendencies, they should report the matter to the leader of the team immediately.

10. Auditor should keep utmost secrecy of the information/audit observations/issues etc. relating to the auditee / concerned branch/unit.

11. Be courteous, cooperative and professional.

12. Executive summary- significant observation/ persistence irregularities.

13. Compliances are to be carefully vetted by the auditor.

DON,TS:

• Auditor should not have any professional or commercial relationship either direct or indirect with the borrowers/beneficiaries of the branch/department.
• Auditor should not take advantage of his association as concurrent auditor with the branch/department of the Bank and canvas for any client/ business with the Bank either directly or indirectly
• Auditor should not represent on behalf of any client/customer of the Bank for a minimum period of three years after the completion of term of the audit.
• Auditor should not share/pass on /discuss any audit related observations/issues/ findings with any one other than concerned in the Bank.
• Auditor need not act overly reserved or unfriendly in order to maintain his independence as an auditing officer. A forbidding attitude on his part may well cause others to adopt the same attitude towards the inspecting officer.
• Auditor should not get involved in argument with auditee / the concerned branch/unit.
• Auditor should not give orders to auditee / the concerned branch/unit and seek requirements from the officer assigned to assist him on a particular job. The concerned officer would issue the necessary orders to their employees if he accepts inspector’s suggestion and recommendations.
• Auditor should not delay the submission of audit report.

Job Type: Full-time

Pay: From ₹10,000.00 per month

Benefits:

• Leave encashment

Work Location: In person