ICGI 04 03 HACCP of Bank Audit Economy Assurance

Описание: ICGI 04- 03 - HACCP of Bank Audit
FEC Report - Economy Assurances

In ICGI Series 4-01 I focused on Empowering Auditors with the emphasis on FEC Report of Auditors - Self Governance. In fact it is Auditing of Auditors. In ICGI Series 4-02 ESG Audit - I focused on Empowering Auditors with the emphasis on FEC Report of Investee Companies’ ESG Audit. It is indeed Society Assurance.
In ICGI Series 4-03 HACCP of Bank Audit I am focusing on Empowering Auditors with the emphasis on FEC Report of Banks by selectively bringing in 13 CCPs Critical Control Points with the SOS Governance Standards Rating System.

HACCP of Bank Audit is Hazard Analysis of Critical Control Points of the Banks with SBI as the case study. The final Ratings are given for the selected 13 CCPs.

1. I advocate for a "SOS Governance Standards" approach to integrate P&L, Balance Sheet and RWA BASEL III parameters and provide a common rating system that is unique for the Banks to move forward.
2. SOS Governance Standards propose Banks prepare FEC [Fiscal-Ethical-Co-Responsibility] Report covering Economic and Social Development Goals - assuring Economy and the Society.
3. I emphasize the need for a dynamic database to track commitments by MeRIT - Measure, Record, Implement, and Track the CREAM Report - Corporate Governance, Risk Management, Earnings, Accounting Quality and Management Quality with everlasting Metrics, bringing CAGR to CDGR.
4. Hazard Analysis of the CCPs take the banks to several Risk Areas that could be handled well by fiduciary controls that are in essence is enabled by SOS Governance Standards, on a daily basis.
5. SOS Governance Standards suggest dividing large workforces into small teams, with one member focused on ethical responsibility to improve accountability and track performance, of each Branch.