Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

Audit of banks is an example of ____ _ ? A. Statutory audit. B. Balance sheet audit. C. Concurrent audit. D. All of the above

user-image
Question added by VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.
Date Posted: 2015/01/15
Fatimah Issa
by Fatimah Issa , Senior HR Officer , Dasman Bilingual School

D) All of the Above of course

Sahar Alech
by Sahar Alech , Auditor / Financial Manager , Accounting Services Office

D

Salah Othman Yousef Alshambaati
by Salah Othman Yousef Alshambaati , مدير ادارة الحسابات , شركة انفال الجديدة للتجارة والمقاولات

d

Mohammed Salim Allana
by Mohammed Salim Allana , Compliance and Assurance Manager , United Arab Bank

D. all of the above. Being Bank is a financial institution, there are various independent level of audit to ensure correctness and completeness of customer transactions and their funds are safe with banks.

Ahmed kandil
by Ahmed kandil , Cost Controller , Battour Holding Cpompany

answer D is correct 

Ismail Mamoojee
by Ismail Mamoojee , Group Compliance Officer , Liberty

D

Hany Sabry
by Hany Sabry , Finance Manager , GMC for Engineering & Feeding Industries (S.A.E)

D. All of the above

VENKITARAMAN KRISHNA MOORTHY VRINDAVAN
by VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.

Answer option (D) >>>>>>>> { All of the above mentioned}

Mir Mujtaba Ali
by Mir Mujtaba Ali , Internal Audit Manager , Confidential

c.  It is carried out immediately after the transaction takes place on continuous basis, generally carried out by persons other than employees.

Nishad Hashim
by Nishad Hashim , Accountant , RAJAKUMARI SHOPPING MALL LLP

A. Statutory audit

A statutory audit is a legally required audit of the accuracy of the financial records of business concerns. Undertakings subject to statutory audit include Banking companies governed by the Banking Regulation Act,1949

More Questions Like This

Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.