A Workbook on STOCK & RECEIVABLES’ AUDIT of Bank Borrowers


Code No.: GB 35 Categories: ,

Banks get the inventory audit of its borrowers conducted by independent auditors to get an assurance that the security against which the loan is sanctioned represents the quality and quantity its claims to possess. The examination of the securities against which the loan has been sanctioned consists of not only physical verification of the securities but also includes verification of aspects such as ownership, valuation and proper storage, the book gives the format of audit report along with a filled up specimen of stock audit report.