Page 266 - DCOM204_AUDITING_THEORY

Auditing Theory Sukhpreet Kaur, Lovely Professional University

Notes Unit 13: Audit of Banking and Insurance Company

CONTENTS
Objectives
Introduction

13.1 Audit of Banking Companies
13.2 Audit of Co-operative Credit Societies & Co-operative Banks

13.2.1 Role of Co-operatives
13.2.2 Brief Features of the Financial Provisions of the K.C.S. Act
13.2.3 Salient Features concerning Accounts

13.2.4 Need for Co-operative Audit
13.2.5 Salient Features of Co-operative Audit

13.2.6 Statutory provisions relating to Co-operative Audit
13.2.7 Main Features of Co-operative Audit
13.2.8 Examination of Overdue Debts

13.2.9 Audit Classification of Society
13.2.10 Objectives of Co-operative Audit

13.2.11 Main Aspects of Co-operative Audit
13.2.12 Duties, Responsibilities and Powers of Co-operative Auditor
13.2.13 Supervision of Audit

13.3 Audit of General Insurance Business Companies
13.3.1 Accounts and Audit

13.3.2 Pre-IRDA Scenario
13.3.3 Post-IRDA Scenario
13.3.4 Estimation of Outstanding Claims

13.3.5 Commissions and Brokerage
13.3.6 Current Assets and Liabilities

13.3.7 Other Issues
13.4 Summary
13.5 Keywords

13.6 Review Questions
13.7 Further Readings

260 LOVELY PROFESSIONAL UNIVERSITY