Checklist relating to government business for internal-concurrent audit – RBI
Reserve Bank of India
Systems and Controls for conduct of government banking
RBI/2016-17/271
DGBA.GAD.No.2646/31.02.007/2016-17
April 7, 2017
All Agency Banks
Dear Sir/Madam,
Checklist-Internal-concurrent audit of Government businessSystems and Controls for conduct of government banking
Please refer to our Master Circulars DGBA.GAD.No.2/31.12.010/2015-16 dated July 1, 2015 on Conduct of Government Business by Agency Banks – Payment of Agency Commission and DGBA.GAD.No.H-1/31.05.001/2015-16 dated July 1, 2015 on Disbursement of Government Pension by Agency Banks that, inter alia, deal with Systems and Controls in agency banks for conduct of government banking.
2. In addition to existing instructions, agency banks may ensure that internal/concurrent audit at bank branches verifies whether government business is being conducted as per rules and regulations prescribed by government/RBI. Accordingly, the internal/concurrent audit at bank branches may also examine, among other things, various aspects of government banking such as agency commission claims and pension payments. A checklist may be provided to the inspecting officers/auditors, which may at a minimum include the items given in the Annex. Accordingly, Annex 2 of the Master Circular DGBA.GAD.No.H-1/31.05.001/2015-16 on Disbursement of Government Pension by Agency Banks dated July 1, 2015 stands withdrawn.
Yours faithfully,
(D. J. Babu)
Deputy General Manager
Encl.: As above
Annex
Part A: Agency commission claims
Internal inspectors/auditors may verify the agency commission claims submitted by branches and confirm their accuracy during the course of their inspection/audit. The following may be specifically examined during the course of internal/concurrent audit at agency bank branches:
Part B: Pension related issues
Internal inspections should assess branch performance in servicing pensioner customers. In this regard, the following may be ensured:
These include the following:
Whether the stamped challans are kept in the custody of bank’s staff and handed over to the concerned tax payer only on production of the paper token.
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