bank audit
Checking the books
A bank audit is an official examination of a bank's financial records, operations, and compliance with regulations.
Auditors verify that assets and liabilities are accurately reported and that the institution follows proper procedures.
Bank audits may be conducted internally or by external regulators and accounting firms: The bank audit revealed discrepancies in loan documentation.
- financialRelating to money
- examinationMethodical assessment or review
- due diligencePre-transaction reasonable care
- complianceAdhering to requirements
- ledgerFinancial record book
accounts · balance sheet · inspector · review · spot check · records · scrutiny · number crunching · discrepancy · red flag · balance · statements · fine print · fraud · verification · regulators · assets · liabilities
bank auditderegulation
Removing governmental business restrictions
bank auditcooked books
Fraudulently altered financial records
accounting fraud · cooking the books · banking fraud · embezzlement · money laundering
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