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Bank Audit Using Excel - 16.03.2021

This document outlines a roadmap for conducting a bank audit using MS Excel. It discusses getting structured data from the bank's core banking solution, using tools like text to column to analyze unstructured data, identifying large advances, quick mortality in accounts, interest rate stratification, sanctioning authority checks, and other data stratification methods to identify issues for reporting in the LFAR. The document provides examples of Excel formulas and pivot tables that can be used to perform the necessary analyses from the structured data.

Uploaded by

Mantu Kumar
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© © All Rights Reserved
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Download as PPTX, PDF, TXT or read online on Scribd
533 views

Bank Audit Using Excel - 16.03.2021

This document outlines a roadmap for conducting a bank audit using MS Excel. It discusses getting structured data from the bank's core banking solution, using tools like text to column to analyze unstructured data, identifying large advances, quick mortality in accounts, interest rate stratification, sanctioning authority checks, and other data stratification methods to identify issues for reporting in the LFAR. The document provides examples of Excel formulas and pivot tables that can be used to perform the necessary analyses from the structured data.

Uploaded by

Mantu Kumar
Copyright
© © All Rights Reserved
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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SIRC of ICAI

Bank Audit Using Ms-Excel


by

CA Saran Kumar U
saran@chaireturn.com
+91 702-234-5678
Date: 16th March 2021
Roadmap of the Session
Getting Ready for the Bank Audit
What’s New in New LFAR
Introduction to Core Banking Solution
Unstructured Data to Structured Data
Inferences out of stratification
NPA identification from the Structured Data
Ledger Account Analysis
Sampling and Reporting
Conclusion

2 CA Saran Kumar U +91 702-234-5678 saran@chaireturn.com


Mindset of the Auditors

Compile
Material

Next Attend
Year
Circl Seminars

e
Sign Step into
Report Bank

3 CA Saran Kumar U +91 702-234-5678 saran@chaireturn.com


80:20 Approach

4 CA Saran Kumar U +91 702-234-5678 saran@chaireturn.com


CBS Environment
Application Server
• User/staff enters information into screens

Database Server
• Structured Data Format
• Text to Column using Delimited (mostly Comma)

Reporting Server
• Unstructured Data Format
• Text to Column using Fixed Width / Delimited

5 CA Saran Kumar U +91 702-234-5678 saran@chaireturn.com


Unstructured Data to Structured Data

Text to Column
Filter
Remove junk data
Keeping data ready for the analysis

6 CA Saran Kumar U +91 702-234-5678 saran@chaireturn.com


Large Advances Calculation
A) Balance as on 31.03.2021 – Funded
B) Balance as on 31.03.2021 – Non-Funded
C) Total Advances – Funded (+) Non-Funded

Lower of Below is Large Advance


i) 10% of C
ii) Rs. 10 Crore

Refer – Working File 1

7 CA Saran Kumar U +91 702-234-5678 saran@chaireturn.com


Quick Mortality in Accounts
A) Sanctioned Date
B) NPA Date
C) B-A

If the “C” is <365 then all those accounts


to be mentioned in LFAR 5.b.ii

8 CA Saran Kumar U +91 702-234-5678 saran@chaireturn.com


Interest Rate vs Accounts
Use Pivot Table for Interest
Get Maximum Interest for each Product Type or GL
Get Minimum Interest for each Product Type of GL
If the difference, is high then examine further

In case of adverse, please report


in LFAR 5.b.iii

9 CA Saran Kumar U +91 702-234-5678 saran@chaireturn.com


Sanctioning Authority
Insert a Column in the Loan Balance File Besides Sanctioned Amount
User VLOOKUP() from the Master Data of Sanctioning Authority Vs Limit
If the Difference is Higher, then check whether properly reported to
Higher Authority

Report all the cases in LFAR 5.c.i

10 CA Saran Kumar U +91 702-234-5678 saran@chaireturn.com


Other Stratification
Customer ID vs Account ID
Stratification of Advance Portfolio
Stratification of Year-wise Advances
Stratification of Irregularity
Stratification of Arrear Condition

11 CA Saran Kumar U +91 702-234-5678 saran@chaireturn.com


Thanks for your patient hearing!!!

CA Saran Kumar U
+91 702-234-5678
saran@chaireturn.com

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