7 | Areas of Responsibility | : | - To Conduct internal Audit in all MFL Branches as per the program given from the Department. The job involves extensive traveling and confidentiality is to be maintained very strictly.
- Verification of Documents of Fixed Deposits/Secured Debentures and their interest payments
- Verification of Documents of Secured Loans/Part Withdrawals and their interest receipts
- Verification of Bank transactions and utilization of Cheque
- Verification of Gold Loan Notice Documents and utilization of stamps
- Verification Leave records and other Statutory records of Staff maintained by the branch
- Verification of Salary payment records of staff and recovery of excess payments, if any made
- Verification of Incentive payment records under various schemes to staff and recovery of excess payments, if any
- Verification of Reconciliation statements of HO/RO Accounts
- Verification of Gold Loan Documents i.e. Pledge & Release Documents Verification of Documents of Swarna varsham Loans disbursed
- Verification of various Daily, Weekly & Monthly Statements of Branch
- Vouching of various Receipts &Payments of Branch with Day Book
- Verification of authorization of various payments and Reporting of any unauthorized payments for which ex post facto approval is required
- Verification of Western Union money transfer documents
- Verification of Auction Documents
- Verification of various Registers/Records/Files to be maintained by the Branch as per the standing instructions and as per circulars issued from time to time.
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