Compliance Audit (Study Material)
Chapter notes, video classes, MCQ practice tests and quick-revision one-liners for Advanced Bank Management — CAIIB.
One-liners from this chapter
Free sample — 8 of 47 rapid-fire Q&A cards.
What is Compliance Audit?
is the independent assurance mechanism that verifies whether the bank is following every applicable law, RBI direction, internal policy and disclosure norm in letter and spirit.
The Banking Regulation Act, 1949?
Sec 29 (form of accounts), Sec 35A (RBI directions), Sec 56 (co-op banks).
The Companies Act, 2013 + Companies Rules, 2014?
Governance, audit and disclosure norms applicable to banking companies.
Indian Accounting Standards (Ind AS / AS)?
Notified under Companies (Accounting Standards) Rules, 2006 / 2021.
RBI Guidelines for Disclosures in Financial Statements?
Master Direction on Presentation & Disclosures (Aug 2021, latest amendments 2026).
RBI Guidelines for Basel III Requirements?
Pillar 3 disclosures on capital, risk and leverage.
Authority & Stature — RBI Requirement / Why It Matters?
RBI Requirement: Sufficient authority, stature, independence and resources within the bank.; Why It Matters: Stops business heads from influencing audit opinions.
HIA Profile — RBI Requirement / Why It Matters?
RBI Requirement: Senior executive with ability to exercise independent judgement.; Why It Matters: Audit quality depends on the seniority and judgement of HIA.
MCQ practice tests
Chapter-wise mock tests with instant scoring.
PDF study notes
More chapters in Module D - Compliance in Banks & Corporate Governance
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