Chronicle Reporter, Bhopal, CICASA Bhopal Branch of the Institute of Chartered Accountants of India organized a seminar on “Concurrent Audit of bank in present scenario” for CA Students.
The Seminar was organised on Saturday at Hotel Signetic Blue. Eminent Bank Audit expert CA Ajay Kumar Jain was the Speaker of the seminar. He explained the basics terminologies and important aspects of Concurrent audit such as cash security in banks, Deposits etc.
The seminar was conducted by PalakMaheshwari, Treasurer of CICASA Bhopal Branch. The seminar was inaugurated with the Lighting of Lamp and a Welcome Speech by CA Anoop Shrivastava, CICASA Chairman Bhopal Branch Of ICAI.
The event was also graced by the presence of CA Abhishek Gupta, Chairman of Bhopal branch of ICAI. Approximately 100 Students participated in the Session.
“Concurrent audit means doing the examination of the financial transactions at the time of happening or parallel with the transaction.
It is part of a bank’s early warning system to ensure timely detection of irregularities and lapses. It helps in preventing fraudulent transactions at branches.”
The Banks play very important role in our economy therefore it is the need of the hour to keep the students aware about the importance of bank audit.
In the event, Priyanka Rijhwani, Shubham Rai and other executive committee members Shobhit Jain, Yashi Gupta, PalakMaheshwari, Ishaan Gupta and Vaibhav Sharma were also present.