Branch Inspections
These are:
System of branch inspections: frequency; scope/ coverage of inspection/ internal audit, concurrent audit or revenue audit; reporting.
System of follow-up of these reports; position of compliance.
The auditor should acquaint himself with the scheme of various internal inspections existing in the bank, viz., internal audit, concurrent audit, revenue audit, etc. He should consider whether the frequency and coverage of various types of audit are adequate having regard to the size of the bank. He should also examine the system of follow-up and compliance with reports of various auditors.