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7/25/2019 Audit of Bank With Respect to Syndicate Bank
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AUDIT OF BANK WITH RESPECT TO SYNDICATE BANK.
PROJECT REPORT
ON
AUDIT OF BANK WITH RESPECT TO SYNDICATE BANK
SUBMITTED BY:-
STELLA BALASUBRAMANIAM
ROLL NO: - 46
MASTER OF COMMERCE (PART-II)
ADVANCED AUDITIN
(SEM-III)
!"#$-!"#6
PROJECT UIDE:-
PROF%RASIKA DESAI
K% JOSHI COLLEE OF ARTS & N%%BEDEKAR COLLEE
OF COMMERCE%
1
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AUDIT OF BANK WITH RESPECT TO SYNDICATE BANK.
VIDYA PRASARAK MANDAL' THANE
K% % JOSHI COLLEE OF ARTS &
N% % BEDEKAR COLLEE OF COMMERCE
CERTIFICATE
OF
PROJECT WORK
This is certify that Mr. / Ms.This is certify that Mr. / Ms. STELLA BALASUBRAMANIAMSTELLA BALASUBRAMANIAM Of Of
M.Com. (Advaced Acco!tacy" #art.$ II% Semester$ &rd Ro'' No. )% hasM.Com. (Advaced Acco!tacy" #art.$ II% Semester$ &rd Ro'' No. )% has
!derta*e + com,'eted the ,ro-ect or* tit'ed!derta*e + com,'eted the ,ro-ect or* tit'ed AU0IT O1 BAN2 3IT4AU0IT O1 BAN2 3IT4
RES#ECT TO S5N0ICATE BAN26RES#ECT TO S5N0ICATE BAN260!ri7 the academic year 89:;>>>>>>>>>>> to this co''e7e i f!'fi''met of the c!rric!'!mS!=mitted o >>>>>>>>>>>>> to this co''e7e i f!'fi''met of the c!rric!'!m
ofof MASTER OF COMMERCE ( ADVANCED ACCOUNTANCY )MASTER OF COMMERCE ( ADVANCED ACCOUNTANCY )
UNIVERSITY OF MUMBAI%UNIVERSITY OF MUMBAI%
This is a =oafide ,ro-ect or* + the iformatio ,reseted is Tr!e +This is a =oafide ,ro-ect or* + the iformatio ,reseted is Tr!e +
ori7ia' to the =est of o!r *o'ed7e ad =e'ief .ori7ia' to the =est of o!r *o'ed7e ad =e'ief .
PROJECT UIDE ETERNALPROJECT UIDE ETERNAL EAMINER
2
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AUDIT OF BANK WITH RESPECT TO SYNDICATE BANK.
DECLARATION:-
I Ms. STELLA BALASUBRAMANIAM student o K.!. "OSHI COLLE!E
OF ARTS # N.!.BEDEKAR COLLE!E OF COMMERCE. $SEM%III&' HERE
BY DECLARE THAT I HA(E COMPLETED THIS PRO"ECT ON AUDIT
OF BANK WITH RESPECT TO SYNDICATE BANK )n t*e +,+de-),
e+/ 201%201.
T*e )no/-+t)on su3-)tted )s t/ue +nd o/)4)n+5 to t*e 3est o - 6no75ed4e.
DATE:-
Student s)4n+tu/e
STELLA BALASUBRAMANIAM
PLACE: - THANE
8
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AUDIT OF BANK WITH RESPECT TO SYNDICATE BANK.
ACKNOWLEDEMENT:-
I e9:/ess - 4/+teu5 t*+n6s; to :/o
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AUDIT OF BANK WITH RESPECT TO SYNDICATE BANK.
INDE:-
S%
N,./P0123,05
P0/
N,./
# EECUTIVE SUMMARY% 6
! INTRODUCTION% 7
8 ORIION & EVOLUTION OF AUDITIN% 9-
4DEFINITION & BASIC PRINCIPAL OF
AUDITIN%#"-#!
$ AUDIT COMMITTEE% #8
6ADVANTAES & LIMITATION OF
AUDITIN%#4-#6
7 BOOKS OF ACCOUNTS IN BANK% #7-!#
9 TYPES OF AUDIT IN BANK% !!-!8
INTRODUCTION OF SYNDICATE BANK% !4-!9
#" AUDITOR REPORT% !-8!
## CONCLUSION% 88
#! BIBLORAPHY% 84
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AUDIT OF BANK WITH RESPECT TO SYNDICATE BANK.
EECUTIVE SUMMARY:-
A 3+n6)n4 ,o-:+n)es +/e /e?u)/es -+)nt+)n)n4 t*e 3oo6s o +,,ount )n +,,o/d+n,e 7)t*
se,t)on 20@ o t*e ,o-:+n)es +,t& 1@. B+n6)n4 4ene/+55 + sound )nte/n+5 ,ont/o5 sste-
t*e)/ d+ to d+ t/+ns+,t)on. T*e +ud)to/ *+s to e=+5u+te su,* sste- ,+/eu55. T*e
und+-ent+5 /e?u)/e-ent o +n +ud)t& +s /e4+/ds /e:o/t)n4 on st+te-ent o +,,ount ,+n 3e
d)s,*+/4ed /o- t*e e9+-)n+t)on o t*e )nte/n+5 ,*e,6ed +nd =e/)),+t)on o +ssets +nd
5)+3)5)t)es 3 -+6)n4 + ,o-:+/)son +nd /e,on,)5)+t)on o 3+5+n,e 7)t* t*ose )n t*e e+/ +nd
t*+t o +-ount o )n,o-e +nd e9:enses 3 +::5),+t)on o test ,*e,6s. T*e 3+n6)n4 /e4u5+t)on
+,t ,+sts 4/e+te/ /es:ons)3)5)t)es on t*e d)/e,to/s o 3+n6s +s ,o-:+/ed to t*ose o ot*e/
,o-:+n)es )n t*e -+tte/ o su:e/=)s)on o=e/ t*e)/ 7o/6)n4. T*e/eo/e& t*e e9e/,)se& o/ +/e
e9:e,ted to e9e/,)se 4/e+te/ su:e/=)s)on o=e/ t*e ++)/s o 3+n6. T*e +ud)to/ )s ent)t)es to /e5
on su,* su:e/=)s)on +nd to 5)-)t *)s ,*e,6)n4 to test ,*e,6s. T*e )n+n,)+5 :os)t)on o + 3+n6
)s de:ended on t*e ,ond)t)on o +ssets& 5o+n& )n=est-ent& ,+s* 3+5+n,ed +nd t*ose o )ts
5)+3)5)t)es +nd und. T*e)/ =e/)),+t)on o/- +n )-:o/t+nt :+/t o t*e 3+5+n,e s*eet. Most o t*e
3+n6 *+=e t*e)/ o7n )nte/n+5 +ud)t o/ )ns:e,t)on de:+/t-ent ent/usted 7)t* t*e /es:ons)3)5)t)es
o ,*e,6)n4 t*e +,,ount o =+/)ous 3/+n,*es. T*e st+tuto/ +ud)to/ -+ not& t*e/eo/e&
du:5),+te 7o/6.
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AUDIT OF BANK WITH RESPECT TO SYNDICATE BANK.
INTRODUCTION:-
T*e +ud)t o 3+n6)n4 ,o-:+n)es :5+s + =e/ )-:o/t+nt /o5e )n Ind)+ +s )t *e5: to
/e4u5+te t*e 3+n6)n4 ,o-:+n)es )n /)4*t -+nne/. In +ud)t o 3+n6s )n,5udes =+/)ous t:es o
+ud)t 7*),* +/e no/-+55 ,+//)ed out )n 3+n6)n4 ,o-:+n)es su,* +s st+tuto/ +ud)t&
/e=enue)n,o-e e9:end)tu/e +ud)t& ,on,u//ent +ud)t& ,o-:ute/ +nd sste- +ud)t et,. t*e
+3o=e +ud)t )s -+)n5 ,ondu,ted 3 t*e 3+n6s o7n st+ o/ e9te/n+5 +ud)to/. Ho7e=e/& t*e
/u5es +nd t*e /e4u5+t)on /e5+t)n4 to t*e ,ondu,t o =+/)ous t:es o +ud)t o/ )ns:e,t)ons d)e/
/o- + 3+n6 to 3+n6 e9:e,t t*e st+tuto/ +ud)t o/ 7*),* t*e RBI 4u)de5)nes )s +::5),+35e. In
t*)s& I *+=e 4)=en -o/e )-:o/t+n,e on t*e o=e/+55 3+n6 +ud)t sste-. In tod+;s ,o-:et)t)=e
7o/5d +ud)t )s =e/ -u,* ne,ess+/ +s 7e55 +s ,o-:u5so/ & 3e,+use )n=esto/ )n=est)n4
de,)s)on )s de:end on t*+t :+/t),u5+/ ,on,e:t ) +ud)to/ *+s e9:/ess)n4 *)s =)e7 +3out
:+/t),u5+/ o/4+n)+t)on )s t/ue +nd +)/ t*en )n=esto/ ,+n 4et *)s )de+s +3out *o7 -u,* *e
s*ou5d )n=est )n :+/t),u5+/ ,o-:+n)es.
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AUDIT OF BANK WITH RESPECT TO SYNDICATE BANK.
ORIIN AND EVOLUATION OF AUDITIN:-
#% O22; *+ 1/ :
T*e te/- +ud)t )s de/)=ed /o- t*e L+t)n te/- +ud)/e -e+n to *e+/. In e+/5 d+s&
+n +ud)to/ used to 5)st)n4 to t*e +,,ount /e+d out 3 t*e +,,ount+nt )n o/de/ to ,*e,6 t*e-.
!% A;32/;1 *22; :
Aud)t)n4 )s +s o5d +s +,,ount)n4. It 7+s )n use )n +55 +n,)ent ,ount/)es su,* +s
Meso:ot+-)+& E4:t& !/ee,e& Ro-e& U.K.& +nd Ind)+. T*e (ed+s& R+-++n+&
M+*+3*+/+t+ ,ont+)n /ee/en,es to +,,ount)n4 +nd +ud)t)n4. A/t*+s*+s+st/+ 3 K+ut)5+
4)=es det+)5ed /u5es o/ +,,ount)n4 +nd +ud)t)n4 o :u35), )n+n,es. T*e M+u/+s& t*e
!u:t+s +nd t*e Mu4*+5s *+d de=e5o:ed +nd +,,ount)n4 +nd +ud)t)n4 sste- to ,ont/o5
st+te )n+n,es. T*us& 3+s),+55& +,,ount)n4 +nd +ud)t)n4 *+d t*e)/ o/)4)n )n t*e need o/ t*e
4o=e/n-ent to ,ont/o5 t*e )n,o-e +nd e9:end)tu/e o t*e st+te +nd t*e +/-. T*e o/)4)n+5
o3:
T*e )nte/n+t)on+5 +,,ount)n4 st+nd+/ds ,o--)ttee +nd t*e +,,ount)n4 st+nd+/ds
3o+/d o )nst)tute o ,*+/te/ed +,,ount+nt o Ind)+ *+=e de=e5o:ed st+nd+/d +,,ount)n4
+nd +ud)t)n4 :/+,t),es to 4u)de t*e +,,ount+nts +nd +ud)to/ )n t*e)/ d+%to%d+ 7o/6.
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AUDIT OF BANK WITH RESPECT TO SYNDICATE BANK.
$% C*
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AUDIT OF BANK WITH RESPECT TO SYNDICATE BANK.
DEFINITION OF AUDITIN:-
(+/)ous :e/sons su,* +s t*e o7ne/s& s*+/e*o5de/s& )n=esto/s& ,/ed)to/s& 5ende/s&
4o=e/n-ent et,. use t*e )n+5 +,,ount o 3us)ness ,on,e/n o/ d)e/ent :u/:oses. A55 t*ese
use/s need to 3e su/e t*+t t*e )n+5 +,,ounts :/e:+/ed 3 t*e -+n+4e-ent +/e /e5)+35e. An
+ud)to/ )s +n )nde:endent e9:e/t 7*o e9+-)nes t*e +,,ounts o + 3us)ness ,on,e/n +nd /e:o/ts
7*et*e/ t*e )n+5 +,,ounts +/e /e5)+35e o/ not. D)e/ent +ut*o/)t)es *+=e de)ned +ud)t)n4 +s
o55o7s.
M0,1 de)ne t*e +ud)t)n4 +s +ud)t)n4 )s ,on,e/ned 7)t* t*e =e/)),+t)on o +,,ount)n4d+t+& 7)t* dete/-)n)n4 t*e +,,u/+, +nd /e5)+3)5)t o +,,ount)n4 st+te-ent +nd /e:o/ts.
I;1/;012*;0 0,>212; ,2>/2;/5de)nes t*e +ud)t)n4 +s +ud)t)n4 )s +n )nde:endent
e9+-)n+t)on o )n+n,)+5 )no/-+t)on o +n ent)t 7)t* + =)e7 to e9:/ess)n4 +n o:)n)on
t*e/eon.
10
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AUDIT OF BANK WITH RESPECT TO SYNDICATE BANK.
BASIC PRINCIPAL OF AUDITIN:-
#) I;1/21=' *./312?21= 0;> 2;>//;3/:
T*e +ud)to/ s*ou5d 3e *onest +nd s)n,e/e )n *)s +ud)t 7o/6. He -ust 3e +)/ +nd
o3/;12021=:
T*e +ud)to/ s*ou5d 6ee: t*e )no/-+t)on o3t+)ned du/)n4 +ud)t& ,on)dent)+5. He
s*ou5d not d)s,5ose su,* )no/-+t)on to +n t*)/d :+/t. He s*ou5d& 6ee: *)s ees +nd e+/so:en 3ut *)s -out* s*ut.
8) S2 0;> 3*
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AUDIT OF BANK WITH RESPECT TO SYNDICATE BANK.
7) E?0,012*; *+ 033*,;12; 5=51/ 0;> 2;1/;0 3*;1*:
T*e +ud)to/ s*ou5d ensu/e t*+t t*e +,,ount)n4 sste- )s +de?u+te. He s*ou5d see
t*+t +55 t*e t/+ns+,t)on *+=e 3een :/o:e/5 /e,o/ded. He s*ou5d stud +nd e=+5u+te t*e
)nte/n+5 ,ont/o5s.
9) O /
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AUDIT OF BANK WITH RESPECT TO SYNDICATE BANK.
AUDIT COMMITTEE:-
In :u/su+n,e o RBI ,)/,u5+/ Se:te-3e/ 2& 1@@& + 3+n6 )s /e?u)/ed to ,onst)tute +n
Aud)t Co--)ttee o )ts Bo+/d. T*e -e-3e/s*): o t*e +ud)t ,o--)ttee )s /est/),ted to t*e
E9e,ut)=e D)/e,to/& no-)nees o Cent/+5 !o=e/n-ent +nd t*e RBI& C*+/te/ed A,,ount+nt
d)/e,to/ +nd one o t*e non%o),)+5 d)/e,to/s.
One o t*e un,t)ons o t*)s ,o--)ttee )s to :/o=)de d)/e,t)on +nd o=e/sees t*e
o:e/+t)ons o t*e tot+5 +ud)t un,t)on )n t*e 3+n6. T*e ,o--)ttee +5so *+s to /e=)e7 t*e
)nte/n+5 )ns:e,t)on un,t)on )n t*e 3+n6& 7)t* s:e,)+5 e-:*+s)s on t*e sste-& )ts ?u+5)t +ndee,t)=eness )n te/-s o o55o7 u:. T*e ,o--)ttee *+s to /e=)e7 t*e sste- o +::o)nt-ent
+nd /e-une/+t)on o ,on,u//ent +ud)to/s.
T*e +ud)t ,o--)ttee )s& t*e/eo/e& ,onne,ted 7)t* t*e un,t)on)n4 o t*e sste- o
,on,u//ent +ud)t. T*e -et*od o +::o)nt-ent o +ud)to/s& t*e)/ /e-une/+t)on +nd t*e ?u+5)t
o t*e)/ 7o/6 )s to 3e /e=)e7ed 3 t*e Aud)t Co--)ttee. It )s )n t*)s ,onte9t t*+t :e/)od),+5
-eet)n4 3 t*e -e-3e/s o t*e +ud)t ,o--)ttee 7)t* t*e ,on,u//ent +ud)to/s *e5: t*e +ud)t
,o--)ttee to o=e/see t*e o:e/+t)ons o t*e tot+5 +ud)t un,t)on )n t*e 3+n6.
Cons)de/)n4 t*e ,o=e/+4e o t*)s +ud)t +ss)4n-ent +nd t*e s:e,)+5)ed n+tu/e o 7o/6 t*e/e )s
+5so + need o/ t/+)n)n4 to 3e )-:o/ted to t*e st+ o t*e +ud)to/s. T*)s t/+)n)n4 *+s to 3e
4)=en )n s:e,)+5)ed )e5d su,* +s o/e)4n e9,*+n4e& ,o-:ute/)+t)on& +nd +/e+s o )n,o-e
5e+6+4e& /+ud :/one +/e+s& dete/-)n+t)on o ,/ed)t /+t)n4 +nd ot*e/ s)-)5+/ s:e,)+5)ed +/e+s.
T*e 3+n6 ,+n o/4+n)e su,* t/+)n)n4 :/o4/+--ed +t =+/)ous :5+,es so t*+t )t ,+n ensu/e t*e
?u+5)t o +ud)t.
18
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AUDIT OF BANK WITH RESPECT TO SYNDICATE BANK.
ADVANTAES OF AUDITIN:-
#) A55,0;3/ *+ 1,/ 0;> +02 033*,;15:
Aud)t :/o=)des +n +ssu/+n,e to t*e =+/)ous use/s o )n+5 +,,ounts su,* +s o7ne/s&
-+n+4e-ent& ,/ed)to/s& 5ende/s& )n=esto/s& 4o=e/n-ent;s et,. t*+t t*e +,,ounts +/e t/ue
+nd +)/.
!) T,/ 0;> F02 .00;3/ 5@//1:
T*e use/ +,,ounts ,+n 3e su/e t*+t t*e +ssets +nd 5)+3)5)t)es s*o7n )n t*e +ud)ted
3+5+n,e s*eet s*o7 t*e ,on,e/n& +s )t )s ).e. ne)t*e/ -o/e no/ 5ess.
8) T,/ 0;> +02 *55 033*,;1:
T*e use/ ,+n 3e ,on)dent t*+t t*e +ud)ted :/o)t +nd 5oss +,,ount s*o7s t*e t/ue
+-ount o :/o)t o/ 5oss +s )t )s ).e. ne)t*e/ -o/e no/ 5ess.
4) T0= 21@ .**5:T*e +ud)ted )n+5 +,,ount ,+n 3e t+6en to t+55 7)t* t*e 3oo6s o +,,ounts. T*us&
t*e )n,o-e%t+9 o),e/ ,+n st+/t 7)t* t*e )4u/e o +ud)ted 3oo6s :/o)t& -+6e +d 033*,;12; 0;> 0,>212; 5:
Aud)ted +,,ounts ,+n 3e +ssu-ed /e+son+35 /ee /o- e//o/s +nd /+uds. T*e
+ud)to/ 7)t* *)s e9:e/t 6no75ed4e 7ou5d t+6e due ,+/e to see t*+t E//o/s +nd /+uds +/e
dete,ted so t*+t t*e +,,ounts s*oe + t/ue +nd +)/ =)e7.
1>
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AUDIT OF BANK WITH RESPECT TO SYNDICATE BANK.
7) A>?23/ *; 5=51/' 10012*;' +2;0;3/:
T*e +ud)to/ ,+n +5so +d=)se t*e ,5)ent +3out t*e +,,ount)n4 sste-& )nte/n+5
,ont/o5& )nte/n+5 ,*e,6& )nte/n+5 +ud)t& t+9+t)on& )n+n,es et,.
1
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AUDIT OF BANK WITH RESPECT TO SYNDICATE BANK.
LIMITATIONS OF AUDITIN:-
1. An +ud)to/ ,+nnot ,*e,6 e+,* +nd e=e/ t/+ns+,t)on *e *+s to ,*e,6 on5 t*e se5e,ted
+/e+s +nd t/+ns+,t)on on + s+-:5e 3+s)s.
2. Aud)t e=)den,e )s not ,on,5us)=e )n n+tu/e t*us ,on)/-+t)on 3 + de3to/ )s not
,on,5us)=e e=)den,e t*+t t*e +-ount 7)55 3e ,o55e,ted. It )s s+)d e=)den,e )s /+t*e/ t*+n
,on,5us)=e )n n+tu/e.
8. An +ud)to/ ,+nnot 3e e9:e,ted to d)s,o=e/ dee:5 5+)d /+uds usu+55 )n=o5=es +,ts
des)4ned to ,on,e+5 t*e- su,* +s o/4e/ & ,e5)3+te +)5u/e to /e,o/d t/+ns+,t)ons& +5se
e9:5+n+t)on +nd *en,e +/e d)),u5t to dete,t.
>. Aud)t ,+nnot +ssu/e t*e use/s o +,,ount +3out t*e utu/e :/o)t+3)5)t& :/os:e,ts o/ t*e
e),)en, o t*e -+n+4e-ent.
. An +ud)to/ *+s to /e5 u:on e9:e/t +ud)to/ -+ *+=e to /e5 on e9:e/t )n /e5+ted )e5d
su,* +s 5+7e/s& en4)nee/s& =+5ue;s et,. o/ est)-+t)n4 ,ont)n4ent 5)+3)5)t)es& =+5u+t)on o
)9ed +ssets et,.
1
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AUDIT OF BANK WITH RESPECT TO SYNDICATE BANK.
BOOKS OF ACCOUNTS IN BANKS:-
A 3+n6)n4 ,o-:+n )s /e?u)/ed to -+)nt+)n t*e 3oo6s o +,,ounts )n +,,o/d+n,e 7)t* se,.20@
o t*e ,o-:+n)es +,t. T*e/e +/e& *o7e=e/& ,e/t+)n )-:e/+t)=es )n 3+n6)n4 3us)ness t*e +/e
t*e /e?u)/e-ents to -+)nt+)n +,,u/+te +nd +57+s u: to d+te +,,ount. B+n6s& t*e/eo/e& de=),e
t*e)/ +,,ount)n4 sste- to su)t t*ese /e?u)/e-ents. T*e -+)n ,*+/+,te/)st),s o + 3+n6s
sste- o 3oo6 6ee:)n4 +/e +s o55o7sG
ent/)es )n t*e :e/son+5 5ed4e/s +/e -+de d)/e,t5 /o- =ou,*e/s )nste+d o 3e)n4 :osted /o-
t*e 3oo6s o :/)-e ent/.
A. T*e =ou,*e/s ente/ed )nto d)e/ent :e/son+5 5ed4e/s e+,* d+ +/e su--+/)ed
on su--e/ s*eet t*e tot+5s o e+,* +/e :osted to t*e ,ont/o5 +,,ounts )n t*e
4ene/+5 5ed4e/.
B. T*e 4ene/+5 5ed4e/ t/+)5 3+5+n,e )s e9t/+,ted +nd +4/eed e=e/ d+.
C. A55 ent/)es )n t*e det+)5 :e/son+5 5ed4e/s +nd t*e su--+/ s*eet +/e ,*e,6 3
:e/son ot*e/ t*+n t*ose 7*o *+=e -+de t*e ent/)es& 7)t* t*e 4ene/+5 /esu5ts
t*+t -ost ,5e/),+5 -)st+6es +/e dete,ted 3eo/e +not*e/ d+ 3e4)ns.
D. A t/)+5 3+5+n,e o t*e det+)5ed :e/son+5 5ed4e/s )s :/e:+/ed :e/)od),+55& usu+55
e=e/ t7o 7ee6s& +nd +4/eed 7)t* t*e 4ene/+5 5ed4e/ ,ont/o5 +,,ounts.
E. E9:e,t)n4 o/ ,+s* t/+ns+,t)ons& +57+s t7o =ou,*e/s +/e :/e:+/ed o/ e+,*
t/+ns+,t)on& one o/ de3)t +nd t*e ot*e/ o/ ,/ed)t. T*)s sste- ensu/es dou35e
ent/ +t t*e 3+s), 5e=e5 +nd o3=)+tes t*e :oss)3)5)t o e//o/s )n :ost)n4.
1
7/25/2019 Audit of Bank With Respect to Syndicate Bank
18/37
AUDIT OF BANK WITH RESPECT TO SYNDICATE BANK.
PRINCIPAL BOOKS OF ACCOUNT:-
/;/0 />/:
It ,ont+)ns ,ont/o5 +,,ounts o +55 :e/son+5 5ed4e/s& t*e :/o)t +nd 5oss +,,ount +nd
d)e/ent +ssets +nd 5)+3)5)t)es +,,ounts. T*e/e +/e ,e/t+)n +dd)t)on+5 +,,ounts 6no7n +s
,ont/+ +,,ounts& 7*),* )s un)?ue e+tu/e o 3+n6 +,,ount)n4. T*ese ,ont/+ +,,ounts +/e
-+)nt+)ned 7)t* + =)e7 to 6ee:)n4 ,ont/o5 o=e/ t/+ns+,t)ons& 7*),* *+=e no d)/e,t ee,t
on t*e 3+n6s :os)t)ons.
Fo/ e.4. 5ette/ o ,/ed)t o:ened& 3)55s /e,e)=ed o/ ,o55e,t)on& 4u+/+ntee )s 4)=en et,.
P*+21 0;> L*55 />/5
So-e 3+n6s 6ee: one +,,ount o/ :/o)t +nd 5oss )n t*)s 4ene/+5 5ed4e/ +nd -+)nt+)ned
se:+/+te 3oo6s o/ t*e det+)5ed +,,ounts. T*ese +/e ,o5u-n+/ 3oo6s *+=)n4 se:+/+te ,o5u-ns
o/ e+,* /e=enue /e,e):t +nd e9:ense *e+d. Ot*e/ 3+n6s 6ee: se:+/+te 3oo6s o/ de3)ts +nd
,/ed)ts :osted +/e ente/ed )n to t*e :/o)t +nd 5oss +,,ount )n t*e 4ene/+5 5ed4e/.
1
7/25/2019 Audit of Bank With Respect to Syndicate Bank
19/37
AUDIT OF BANK WITH RESPECT TO SYNDICATE BANK.
SUBSIDIARY BOOKS OF ACCOUNTS:-
P/5*;0 />/5:
Se:+/+te 5ed4e/s +/e -+)nt+)ned 3 3+n6s o/ d)e/ent t:es o +,,ounts& ).e. ,u//ent +,,ount&
s+=)n4 +,,ount& et,. As *+s 3een -+)nt+)ned e+/5)e/& t*ese 5ed4e/s +/e :osted d)/e,t5 /o-
=ou,*e/s +nd t*e ent)/e =ou,*e/s ente/ed )n e+,* 5ed4e/ )n + d+ +/e su--+/)ed )n to
(ou,*e/ Su--+/ S*eets.
B2 R/251/5:
Det+)5s o d)e/ent t:es o 3)55s +/e 6e:t )n se:+/+te /e4)ste/s& 7*),* *+=e su)t+35e
,o5u-ns. Fo/ e.4. 3)55 :u/,*+sed& )n7+/d 3)55 o/ ,o55e,t)on& out7+/d 3)55s o/ ,o55e,t)on et,
+/e ente/ed se/)+55 d+ to d+ )n se:+/+te /e4)ste/s. Ent/)es )n t*ese /e4)ste/s +/e -+de 3
/ee/en,e to t*e o/)4)n+5 do,u-ents.
O1@/ 5,.52>20= /251/5:
T*e/e +/e d)e/ent /e4)ste/s o/ =+/)ous t:es o t/+ns+,t)on. T*e)/ nu-3e/& =o5u-e +nd
det+)5s& 7*),* d)e/ +,,o/d)n4 to t*e )nd)=)du+5 needs o e+,* 3+n6. Fo/ e9+-:5e& t*e/e 7)55
3e /e4)ste/s o/G
A. De-+nd d/+ts& te5e4/+:*), +nd -+)5 t/+nse/s )ssued on 3/+n,*es o/ +4en,)es.
B. De-+nd d/+ts& te5e4/+:*), +nd -+)5 t/+nse/s /e,e)=ed /o- 3/+n,*es +nd +4en,)es.
C. Lette/s o ,/ed)t.
D. Lette/ o 4u+/+ntee.
De:+/t-ent+5
7/25/2019 Audit of Bank With Respect to Syndicate Bank
20/37
AUDIT OF BANK WITH RESPECT TO SYNDICATE BANK.
Ot*e/ -e-o/+nd+ 3oo6sG
Bes)des t*e 3oo6 -ent)oned +3o=e& =+/)ous de:+/t-ents o + 3+n6 *+=e to
-ent)on + nu-3e/ o -e-o/+nd+ 3oo6s to +,)5)t+te t*e)/ 7o/6. So-e o
t*e )-:o/t+nt 3oo6s +/e des,/)3ed 3e5o7G
o Re,e)=)n4 ,+s*)e/s ,+s* 3oo6
o P+)n4 ,+s*)e/s ,+s* 3oo6
o M+)n ,+s* 3oo6
o C+s* 3+5+n,e 3oo6
T*e -+)n ,+s*3oo6 )s -+)nt+)ned 3 + :e/son ot*e/ t*+n ,+s*)e/. E+,* ,+s*)e/ 6ee:s +
se:+/+te ,+s*3oo6. W*en ,+s* )s /e,e)=ed& )t )s +,,o-:+n)ed 3 :+%)n%s5):s o/ ot*e/ s)-)5+/
do,u-ents. T*e ,+s*)e/ -+6es ent/ )n *)s 3oo6& 7*),* )s ,*e,6 3 t*e ,*)e ,+s*)e/.
O,10> 3/02;5G
A :e/son ,*e,6s t*e =ou,*e/s +nd 5)st 7)t* t*e ,5e+/)n4 ,*e?ues /e,e)=ed 3oo6s. T*e
=ou,*e/s +/e t*en sent to +::/o:/)+te de:+/t-ents& 7*e/e ,usto-e/s +,,ount )s )--ed)+te5
,/ed)ted. No/-+55 no d/+7)n4s +/e +55o7ed +4+)nst ,5e+/)n4 ,*e?ues de:os)ted t*e s+-e d+
3ut e9,e:t)ons +/e oten -+de 3 t*e -+n+4e/ )n t*e ,+se o est+35)s*ed ,usto-e/.
I;0> 3/02;:
C*e?ues /e,e)=ed +/e ,*e,6 7)t* t*e +,,o-:+n)n4 5)st. T*ese +/e t*en d)st/)3uted to d)e/ed
de:+/t-ent +nd nu-3e/ o ,*e?ues 4)=en to e+,* de:+/t-ent )s noted )n + -e-o 3oo6. W*en
t*e ,*e?ues +/e :+ssed +nd :osted )n to 5ed4e/& t*e/e nu-3e/ )s )nde:endent5 +4/eed 7)t* t*e
-e-o 3oo6. I t*e ,*e?ues +/e ound un:++35e& t*e +/e /etu/n to ,5e+/)n4 *ouse.
Lo+ns +nd o=e/d/+ts de:+/t-entsG
+' Re4)ste/s o/ s*+/es +nd ot*e/ se,u/)t)es *e5d on 3e*+5 o )ts ,usto-e/
3' Su--+/ 3oo6s o se,u/)t)es 4)=e )n det+)5s o 4o=e/n-ent se,u/)t)es.
,' !odo7n /e4)ste/s -+)nt+)ned 3 t*e !odo7n 6ee:e/s o 3+n6.
d' O=e/d/+t s+n,t)on /e4)ste/
e' D/+7)n4 :o7e/ 3oo6.
' De5)=e/ o/de/ 3oo6s.4' Sto/+4e 3oo6s.
20
7/25/2019 Audit of Bank With Respect to Syndicate Bank
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AUDIT OF BANK WITH RESPECT TO SYNDICATE BANK.
De:os)t de:+/t-entG
+' A,,ount o:en)n4 +nd ,5os)n4 /e4)ste/s.
3' F)9ed de:os)ts /+te /e4)ste/.,' Due d+te d+)/.
d' S:e,)-en s)4n+tu/e 3oo6.
Est+35)s*-ent de:+/t-entG
+' S+5+/ +nd +55)ed /e4)ste/s.
3' Re4)ste/ o )9ed +ssets.
,' St+t)on+/ /e4)ste/s
d' O5d /e,o/d /e4)ste/s
!ene/+5G
+' S)4n+tu/e 3oo6s o 3+n6 o),e/s
3' P/)=+te te5e4/+:*), ,ode +nd ,):*e/s
St+t),+55 3oo6sG
St+t),+55 /e,o/ds 6e:t 3 d)e/ent 3oo6s +/e )n +,,o/d+n,e 7)t* t*e)/ )nd)=)du+5 needs. Fo/
e9+-:5e& t*e/e -+ 3e 3oo6s o/ /e,o/d)n4G
+' A=e/+4e 3+5+n,es )n 5o+ns et,.
3' De:os)ts /e,e)=ed +nd +-ounts :+)d out e+,* -ont* )n t*e =+/)ous de:+/t-ents.
,' Nu-3e/ o ,*e?ues :+)d.
d' Nu-3e/ o ,*e?ues& 3)55s +nd ot*e/ )te-s ,o55e,ted.
I;3*5:
In so-e s)tu+t)ons& t*e +ud)to/ -+ )nd t*+t ,e/t+)n +,,ount)n4 +nd ot*e/ /e,o/ds +/e not u:
to d+te. In su,* + s)tu+t)ons& t*e +ud)to/ s*ou5d )/st +s,e/t+)n t*e e9tent o +//e+/s )n
*ouse6ee:)n4 +nd t*e +/e+s )n 7*),* +,,ount)n4 +nd ot*e/ /e,o/ds +/e not u: to d+te. It -+
+5so 3e noted t*+t )n Lon4 Fo/- Aud)t Re:o/t $LFAR0'& t*e +ud)to/ *+s to -+6e det+)5ed
o3se/=+t)on on su,* +//e+/s.
21
7/25/2019 Audit of Bank With Respect to Syndicate Bank
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AUDIT OF BANK WITH RESPECT TO SYNDICATE BANK.
TYPE OF AUDIT IN BANK:-
S101,1*= 0,>21:
T*e st+tuto/ +ud)t& 7*),* )s ,o-:u5so/ +s :e/ t*e 5+7. T*e st+tuto/ +ud)t o 3+n6s )n,5udes
e9+-)n+t)on +nd )ns:e,t)on o )nte/n+5 +ud)t& ,on,u//ent +ud)t& et,. T*e st+tuto/ +ud)t o
3+n6s )s 5)6e + :ost -o/te- +,t)=)t. T*e su44est)ons o t*e st+tuto/ +ud)to/s ,+n +ss)st t*e
3+n6 -+n+4e-ent )n )-:/o=)n4 t*e ee,t)=eness o )nte/n+5 +ud)t,on,u//ent +ud)t)ns:e,t)on
un,t)ons& et,. In t*)s 7+ st+tuto/ :5+s + =e/ )-:o/t+nt /o5e )n /e4u5+t)n4 t*e 3+n6)n4
,o-:+n)es.
I;1/;0 0,>21:
B+n6s 4ene/+55 *+=e + 7e55%o/4+n)ed sste- o )nte/n+5 +ud)t. T*e/e )nte/n+5 +ud)to/s :+
/e?uent =)s)t to t*e 3/+n,*es. T*e +/e +n )-:o/t+nt 5)n6 )n )nte/n+5 ,ont/o5 o t*e 3+n6. T*e
sste-s o )nte/n+5 +ud)t )n d)e/ent 3+n6s +5so *+=e + sste- o /e4u5+/ )ns:e,t)on o
3/+n,*es +nd *e+d o),e. A se:+/+te de:+/t-ent 7)t*)n t*e 3+n6s 3 )/-s o ,*+/te/ed
+,,ount+nts ,+//)es out t*e )nte/n+5 +ud)t +nd )ns:e,t)on un,t)on.
C*;3,/;1 0,>21:
Con,u//ent +ud)t )s t*e sste- 7*),* )nt/odu,ed 3 t*e RBI 7)t* t*e =)e7 t*+t )nte/=+5
3et7een t*e o,,u//en,e o t/+ns+,t)on +nd )t;s o=e/ =)e7 6e:t to t*e -)n)-u- e9tent +nd
e9+-)n+t)on o t/+ns+,t)ons 3 t*e +ud)to/s t+6e :5+,e +s soon +s t*e t/+ns+,t)on t+6e :5+,e. It
*+s :e/,e)=ed t*e ee,t)=e -e+ns o ,ont/o5. T*e -+)n =)e7 o ,on,u//ent +ud)to/s )s to see
t*+t t*e t/+ns+,t)ons +/e :/o:e/5 /e,o/ded& do,u-ented +nd =ou,*ed.
S=51/ 0,>21:
In tod+;s te,*no5o4),+5 +d=+n,e-ents& 3+n6)n4 ,o-:+n)es +/e us)n4 + 7e55%o/4+n)ed
,o-:ute/ sste- to :e/o/- t*e)/ t/+ns+,t)ons. So& )t )s =e/ ne,ess+/ to ,ondu,t sste-
+ud)t; )n o/de/ to e=+5u+te t*e ,o-:ute/ sste- o/ ee,t)=eness.
Sste- +ud)t )s t*e +ud)t o su,* ,o-:ute/ en=)/on-entsste- +nd ,o-:/)ses t*e o55o7)n4
)nte/n+5 ,ont/o5s o=e/ EDP +,t)=)t)es +nd 7)t* +::5),+t)on ,ont/o5s s:e,)), ,ont/o5 :/o,edu/es
22
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AUDIT OF BANK WITH RESPECT TO SYNDICATE BANK.
o=e/ +,,ount)n4 +::5),+t)ons+ssu/)n4 t*+t +55 t/+ns+,t)on +/e /e,o/ded +nd +ut*o/)ed +nd
,o-:5ete5& +,,u/+te5& t)-e5 :/o,essed -+nne/ 7*),* )n tu/n +/e =e/))ed 3 ,o-:ute/.
R/?/;,/ 0,>21:
Re=enue +ud)t /ee/s to t*e +ud)t o /e=enues )n,o-es. In /e=enue +ud)t o 3+n6)n4,o-:+n)es& +ud)to/s 4o t*/ou4* t*e =+/)ous sou/,es o /e=enues /o- 7*),* 3+n6 e+/n
)n,o-e. In /e=enue +ud)t o 3+n6s& t*e +ud)to/ )ns:e,ts t*+t +55 t*e /e,o/ds +/e s*o7)n4 t/ue
+nd +)/ :),tu/e o /e=enues o/ not.
28
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AUDIT OF BANK WITH RESPECT TO SYNDICATE BANK.
INTRODUCTION OF SYNDICATE BANK:-
S=;>2301/ B0;)s one o t*e o5dest +nd -+
7/25/2019 Audit of Bank With Respect to Syndicate Bank
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AUDIT OF BANK WITH RESPECT TO SYNDICATE BANK.
Unde/ )ts P)4- De:os)t S,*e-e st+/ted )n 1@2& t*e 3+n6 used to ,o55e,t 2 +nn+s d+)5 +t t*e
doo/ste:s o t*e de:os)to/s t*/ou4* )ts A4ents. Mu,* 5+te/ )n 1@8 t*e n+-e 7+s ,*+n4ed to
Snd),+te B+n6.
B,52;/55:
T*e 3+n6 )s en4+4ed )n o55o7)n4 3us)nessG
Pe/son+5 B+n6)n4 Unde/ t*)s se4-ent )t oe/s 3+n6)n4 :/odu,ts +nd se/=),es o/ +4e 4/ou:s
st+/t)n4 /o- ,*)5d/en to sen)o/ ,)t)en. It oe/s s+=)n4 +,,ounts& de:os)t s,*e-e& ,u//ent
+,,ounts& :e/son+5 5o+ns& *ous)n4 5o+ns& ,+s* et,.
A4/),u5tu/+5 B+n6)n4 W)t* +n o3,315 0;> S/?23/5:
1' ASBAG Snd),+te B+n6 )nt/odu,ed + ne7 *+ss5e /ee so5ut)on o/ )n=est-ent )n Pu35),
Issues +nd R)4*ts Issue ,+55ed A::5),+t)on Su::o/ted 3 B5o,6ed A-ount $Snd ASBA' +s
:e/ t*e SEBI 4u)de5)nes. Un5)6e t*e ,u//ent sste- o +::5)n4 )n IPOs us)n4 ,*e?ues&
7*e/e t*e unds +/e 35o,6ed un:/odu,t)=e5 +s +::5),+t)on -one t)55 t*e )n+5)+t)on o t*e+55ot-ent3)d. Unde/ ASBA t*e unds 7)55 ,ont)nue to e+/n )nte/est du/)n4 t*e +::5),+t)on
2
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AUDIT OF BANK WITH RESPECT TO SYNDICATE BANK.
:/o,ess)n4 :e/)od +s +::5),+t)on -one /e-+)ns 35o,6ed )n +,,ount t)55 +55ot-ent. A,,ount
7)55 3e de3)ted on5 su,,essu5 +55ot-ent. T*)s +,)5)t )s +5so +=+)5+35e o/ /)4*ts )ssue +nd
ne7 und oe/s $NFO' o -utu+5 unds.
2' De:os)tsG
O
7/25/2019 Audit of Bank With Respect to Syndicate Bank
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AUDIT OF BANK WITH RESPECT TO SYNDICATE BANK.
Snd),+te Su=)d*+ De:os)t
So,)+5 Se,u/)t De:os)t
Sen)o/ C)t)ens Se,u/)t De:os)t
Re,u//)n4 De:os)t
P)4- 1@2 De:os)t
P)4- P5us 200 De:os)t
Snd Co/:o/+te Su=)d*+ De:os)t S,*e-e
8' Lo+nsG
Ret+)5 Lo+n P/odu,tsG
SndS+/+5
SndSen)o/
SndRent
Snd(+*+n
SndS7+/n+E9:/ess
SndP)4-
SndN)=+s
SndN)=+s P5us
Snd()d+
Cent/+5 S,*e-e to :/o=)de Inte/est Su3s)d o/ t*e :e/)od o -o/+to/)u- on
Edu,+t)on+5 Lo+ns t+6en 3 students /o- e,ono-),+55 7e+6e/ se,t)ons /o- s,*edu5ed
3+n6s unde/ t*e Mode5 Edu,+t)on Lo+n S,*e-e o IBA.
2
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AUDIT OF BANK WITH RESPECT TO SYNDICATE BANK.
4)O1@/ S/?23/5:
Re+5 T)-e !/oss Sett5e-ent $RT!S Sste-' o/ )nst+nt t/+nse/ o unds
Re+5 T)-e !/oss Sett5e-ent $RT!S' )s + te,*no5o4 3+sed )n)t)+t)=e o/ )-:/o=e-ent o
P+-ent # Sett5e-ent Sste- 5)n6ed to t*e unds -+n+4e-ent. RT!S )s + 4/oss sett5e-ent
)n 7*),* 3ot* :/o,ess)n4 +nd )n+5 sett5e-ent o unds t/+nse/ )nst/u,t)ons t+6e :5+,e
,ont)nuous5 ).e. )n /e+5 t)-e +nd t/+nse/s +/e sett5ed )nd)=)du+55 +4+)nst t*e :/esent ,5e+/)n4
sste-. RT!S sett5es :+-ents on + t/+ns+,t)on 3+s)s )nste+d o on net sett5e-ent 3+s)s
+do:ted :/esent5 +t ,5e+/)n4 *ouses. T*e unds t/+nse/ t*/ou4* RT!S )s )nst+nt& )n+5 +nd)//e=o,+35e.5e,t/on), Funds T/+nse/ $EFT' Sste-
E5e,t/on), Funds T/+nse/ $EFT' Sste-
T*e E5e,t/on), Funds T/+nse/ $EFT' Sste- 7+s )nt/odu,ed 3 t*e Rese/=e B+n6 o Ind)+ )n
1@@ o/ ?u),6 -o=e-ent o unds 3et7een d)e/ent B+n6s o/ t*e B+n6 Custo-e/s. T*e
s,*e-e )s +=+)5+35e o/ t/+nse/ o unds +,/oss t*e B+n6s. At :/esent Rese/=e B+n6 o Ind)+
-+n+4es t*e C5e+/)n4 Houses )n 1 ,ent/es n+-e5 A*-+d+3+d& B+n4+5o/e& B*u3+nes7+/&
C*+nd)4+/*& C*enn+)& !u7+*+t)& Hde/+3+d& "+):u/& K+n:u/& Ko56+t+& Mu-3+)& N+4:u/& Ne7
De5*)& T*)/u=+n+nt*+:u/+- +nd P+tn+.
T*e EFT sste- 7o/6s on t*e :/)n,):5e o JNET DAY A(AILABILITY OF FUNDSJ ).e. t*e
3ene),)+/ 4ets t*e unds ,/ed)ted to *)s +,,ount on t*e =e/ ne9t d+& 7)t*)n 2> *ou/s. T*)s
)s + 3)4 3oon to ,usto-e/ se/=),e s)n,e unde/ t*e :+:e/ 3+sed ,*e?ue :+-ent sste-& +
,usto-e/ de:os)t)n4 +n outst+t)on ,*e?ue o/ ,o55e,t)on /e,e)=es ,/ed)t to *)s +,,ount +te/ 1
2 7ee6s t)-e& de:end)n4 u:on t*e dest)n+t)on.
It )s *o:ed t*+t t*e en*+n,e-ent )n t*e 5)-)t o +-ount o )nd)=)du+5 t/+ns+,t)ons unde/ t*e
EFT S,*e-e 7ou5d 3e 3ene),)+5 o/ t*e 3+n6sJ ,usto-e/s +nd 7)55 4o + 5on4 7+ )n
)-:/o=)n4 ,usto-e/ se/=),e )n t*e 3+n6s.
S+5)ent Fe+tu/esG
F+st /e-)tt+n,e +,)5)t C/ed)t )s +o/ded 7)t*)n 2> *ou/s.
2
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AUDIT OF BANK WITH RESPECT TO SYNDICATE BANK.
An nu-3e/ o /e-)tt+n,es :e/ d+ )s :e/-)tted.
A-ount )s d)/e,t5 ,/ed)ted to 3ene),)+/ +,,ount.
S,o:e o/ /+uds )n=o5=)n4 :/o,ess)n4 o :+:e/ )nst/u-ents )s +3sent.
Bu)5t )n se,u/)t.
N+t)on+5 E5e,t/on), Funds T/+nse/ $NEFT' Sste-
N+t)on+5 E5e,t/on), Funds T/+nse/ )s + n+t)on7)de t/+nse/ o unds /o- +n 3+n6 3/+n,* to
+n ot*e/ 3+n6 3/+n,*. T*e 3ene),)+/ 4ets t*e ,/ed)t on t*e s+-e d+ o/ t*e ne9t d+
de:end)n4 on t*e t)-e o sett5e-ent. T*e essent)+5 )no/-+t)on t*+t t*e /e-)tt)n4 ,usto-e/
*+s to u/n)s* )sG
Bene),)+/ det+)5s su,* +s 3ene),)+/ n+-e +nd +,,ount nu-3e/.
N+-e +nd IFSC o t*e 3ene),)+/ 3+n6 3/+n,*.
Re-)tte/;s -o3)5e nu-3e/ o/ e-+)5 +dd/ess.
T*e 3+n6 +5so oe/s NRI Se/=),es& E B+n6)n4 Se/=),es.
2@
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AUDIT OF BANK WITH RESPECT TO SYNDICATE BANK.
AUDITOR REPORT OF SYNDICATE BANK:-
A,>21*5 R/2301/ B0;)
Y/0 E;> : M0 #$
R/2 3/+n,*es +ud)ted 3 3/+n,* +ud)to/s +nd 1 o/e)4n 3/+n,*
+ud)ted 3 + 5o,+5 +ud)to/. T*e 3/+n,*es +ud)ted 3 us +nd t*ose +ud)ted 3 ot*e/ +ud)to/s
*+=e 3een se5e,ted 3 t*e B+n6 )n +,,o/d+n,e 7)t* t*e 4u)de5)nes )ssued to t*e B+n6 3 t*e
Rese/=e B+n6 o Ind)+. A5so )n,o/:o/+ted )n t*e B+5+n,e S*eet +nd t*e P/o)t +nd Loss
A,,ount +/e t*e /etu/ns /o- 202 3/+n,*es 7*),* *+=e not 3een su3
7/25/2019 Audit of Bank With Respect to Syndicate Bank
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AUDIT OF BANK WITH RESPECT TO SYNDICATE BANK.
un+ud)ted 3/+n,*es +,,ount o/ .@ :e/,ent o +d=+n,es& 22.1@ :e/,ent o de:os)ts& .>0
:e/,ent o )nte/est )n,o-e +nd 20.12 :e/,ent o )nte/est e9:enses.
M0;0//;15 R/5@. T*)s /es:ons)3)5)t )n,5udes t*e des)4n& )-:5e-ent+t)on&
+nd -+)nten+n,e o )nte/n+5 ,ont/o5 /e5e=+nt to t*e :/e:+/+t)on o t*e )n+n,)+5 st+te-ents t*+t
+/e /ee /o- -+te/)+5 -)sst+te-ent& 7*et*e/ due to /+ud o/ e//o/.
A,>21*5 R/5. An +ud)t )n=o5=es :e/o/-)n4 :/o,edu/es to o3t+)n +ud)t e=)den,e +3out t*e +-ounts +nd
d)s,5osu/es )n t*e )n+n,)+5 st+te-ents. T*e :/o,edu/es se5e,ted de:end u:on t*e +ud)to/sJ
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AUDIT OF BANK WITH RESPECT TO SYNDICATE BANK.
)' t*e B+5+n,e S*eet& /e+d 7)t* t*e notes t*e/eon )s + u55 +nd +)/ B+5+n,e S*eet ,ont+)n)n4 +55
t*e ne,ess+/ :+/t),u5+/s& )s :/o:e/5 d/+7n u: so +s to e9*)3)t + t/ue +nd +)/ =)e7 o st+te o
++)/s o t*e B+n6 +s on M+/,* 81& 201 )n ,ono/-)t 7)t* +,,ount)n4 :/)n,):5es 4ene/+55
+,,e:ted )n Ind)+
))' t*e P/o)t +nd Loss A,,ount& /e+d 7)t* t*e notes t*e/eon s*o7s + t/ue 3+5+n,e o P/o)t& )n
,ono/-)t 7)t* +,,ount)n4 :/)n,):5es 4ene/+55 +,,e:ted )n Ind)+& o/ t*e e+/ ,o=e/ed 3 t*e
+,,ounts +nd
)))' T*e C+s* F5o7 St+te-ent 4)=es + t/ue +nd +)/ =)e7 o t*e ,+s* 5o7s o/ t*e e+/ ended
on t*+t d+te.
E.@1 ,/o/es +s +t 81st M+/,*& 201 not ,ons)de/ed ne,ess+/ 3+sed on o:)n)on o t+9
,onsu5t+nt o t*e B+n6.
R/ R/,01*= R/,2//;15
82
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AUDIT OF BANK WITH RESPECT TO SYNDICATE BANK.
. T*e B+5+n,e S*eet +nd t*e P/o)t +nd Loss A,,ount *+=e 3een d/+7n u: )n Fo/-s A +nd
B /es:e,t)=e5 o t*e T*)/d S,*edu5e to t*e B+n6)n4 Re4u5+t)on A,t& 1@>@.
@. Su30@1@
F* R00;0 S@0@ & C*
Chartered Accountants
FRNG 101W
88
7/25/2019 Audit of Bank With Respect to Syndicate Bank
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AUDIT OF BANK WITH RESPECT TO SYNDICATE BANK.
V2?/ S S@0@
Partner
Me-3e/s*): No. 1122@
F* K N *=0 & C*
Chartered Accountants
F/n G 0010>n
M00 R00;
Partner
Me-3e/s*): No. 0
F* 0;/50; 0;> C*0; & C*%
Chartered Accountants
FRNG 00>>1S
T* J*5/
7/25/2019 Audit of Bank With Respect to Syndicate Bank
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AUDIT OF BANK WITH RESPECT TO SYNDICATE BANK.
Me-3e/s*): No. 20102
P5+,eG Ben4+5u/u
D+teG [email protected]
CONCLUSION:-
In :/o
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AUDIT OF BANK WITH RESPECT TO SYNDICATE BANK.
o 7o/6 done )n e=e/ o/4+n)+t)on 7*et*e/ )t )s 3+n6)n4 ,o-:+n o/ +n ot*e/ ,o-:+n o/
+n ot*e/ ,o-:+n t*e/e no -)s,ondu,t o t/+ns+,t)ons )s t+6en :5+,es o/ t*+t :u/:ose t*e
+ud)t)n4 )s =e/ )-:o/t+nt +s:e,t )n tod+;s s,en+/)o o/- ,o-:+n +nd :o)nt o =)e7.
BIBLORAPHY:-
W/.521/5
%**/%3*
%2302%*
%2220%3*
8
http://www.google.com/http://www.icai.org/http://www.wikipedia.com/http://www.icai.org/http://www.wikipedia.com/http://www.google.com/7/25/2019 Audit of Bank With Respect to Syndicate Bank
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AUDIT OF BANK WITH RESPECT TO SYNDICATE BANK.