it is about audit procedure of vijaya bank presentation

1. SUBMITTED TO:-
MR .B.Prabhakar SUBMITTED BY
S.Keerthi

2. Definition of audit report
 The auditor's report is a formal opinion, or disclaimer
thereof, issued by either an internal auditor or an
independent external auditor as a result of an internal or
external audit or evaluation performed on a legal entity or
subdivision thereof (called an "auditee"). The report is
subsequently provided to a "user" (such as an individual, a
group of persons, a company, a government, or even
the general public, among others) as an assurance service
in order for the user to make decisions based on the results
of the audit.

3. Objectives of mini project
To understand how the bank audit is done.
To know the audit procedure of a branch.
To understand what rules are complied to do audit in
banks

4. Audit procedure
 Prepare audit program and document audit
procedures in working papers.
 Distribute audit reports to auditees and senior
management.
 Follow up the audit recommendations to see
whether they are implemented.
 Inform senior management about the status of the
said implementation.

5. Bank audit process
 Pre-commencement Work
 Understanding the business of bank branch
 Overall audit plan Audit Programme
 Audit Procedures:
Substantive Testing & Analytical Procedure
 Report

6. Introduction to vijaya bank
 Vijaya Bank was founded on October 23, 1931 in Mangalore,
Karnataka. The objective was essentially to promote
banking habit, thrift and entrepreneurship among the
people. The bank is a professionally managed with 68 years
of existence. It has 837 branches spread over 25 states and 4
Union Territories with strong presence in the fast growing
Southern states.
 The bank is into diversified activities encompassing
Merchant Banking, Credit Cards, ATMs, Leasing, Housing
Finance, Fast Collection Services, etc. Its deposits grew by
an average rate of about 20 percent in the period 1992-2000.

7. Methodology
There are two sources of data collection one is
1. Primary method
2. Secondary method
For my mini project I take the source of
primary method by using questionnaire and I take
the help of secondary method like books and
internet

8. Performance of audit in vijaya bank
 Net profit for the year 2011-12 is Rs. 581 crore as
compared to Rs. 524 crore for 2010-11, recording a
growth of 11%, while the operating profit for the year
2011-12 was Rs. 1231 crore as compared to Rs. 1047 crore
for 2010-11. On the deposit front, average cost of
deposits increased from 5.86% in 2010-11 to 7.68% in
2011-12 due to the market conditions. Yield on advances
for 2011-12 (11.73%) improved by 148 basis points when
compared to that of previous year (10.25%).

9. Sample Questionnaire
 Name of the auditor?
 Name of the bank?
 How many audits have completed by you so far?
 How long does it take to complete a branch audit?
 How the audit work is planned and done?
 How the various accounts are audited?
 To what items physical verification is necessary?
 How depreciation charged on fixed assets is audited?
 How the audit of books are distributed?
 To what extent Vijaya bank satisfies all the criteria of
audit?

10. Conclusion
 By this I conclude the bank is performing good relations
with customers and getting good financial results. This
project is done to find the audit of Vijaya bank. The
classification of its product profile and its competitiveness
with comparison to other bank was analyzed .
 The auditor’s report of the bank was analyzed and
compared with the past year balance sheets and ratio
analysis was done to find the profitability of the bank .The
project and the survey were guided throughout by experts
in specific areas. The project and the survey were guided
throughout by experts in specific areas. This shows the
performance of audit to know the true and fair value.

11. Thank you