Bank Statutory Audit
Statutory central and branch audit for public sector, private and co-operative banks.
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Banking & Financial Services
Risk-Based Internal Audit
An independent internal audit function for banks and NBFCs, planned by risk rather than by rotation.
Overview
Risk-based internal audit directs effort at what can actually go wrong, instead of visiting every branch on the same cycle regardless of exposure. The regulator's expectation is an independent function with a direct line to the audit committee, a documented risk assessment behind the plan, and findings that are tracked to closure rather than repeated year after year.
What this covers
How we help
RBIA framework design
Risk assessment methodology, audit universe and a plan that follows from it.
Internal audit execution
Carrying out the audit plan across credit, operations, treasury and support functions.
Credit and operations audit
Sanction, disbursement, monitoring and collection process testing.
Compliance testing
Adherence to applicable directions, circulars and board-approved policy.
Audit committee reporting
Reporting packs written for a board audience, with tracked open findings.
Follow-up and closure
Verification that remediation actually happened, not merely that it was promised.
Related
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Concurrent Audit
Continuous branch-level audit that catches an exception in the month it happens, not in the year it is reported.
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Revenue, Inspection & Treasury Audit
Revenue leakage, branch inspection, currency chest and treasury operations audit.
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Talk to us about risk-based internal audit
A short conversation is usually enough to establish whether this is the right route, and what it would involve.