BANK AUDIT - SAMPLES OF SITUATION LEADING TO MOC
Samples of Situations leading to MOC At least go into depth to find MOC for every aspect as below: 1. Wrong EMI calculations. So short of excess recovery of intt/principal. 2. Moratorium intt not added to principal for EMI calculation like edu loan. 3. Incorrect feeding of Loan term, RoI, date of 1St EMI, 6. Income leakage like processing, penal, inspection. Two rectification entries in MOC. One for leakage. 2nd for reversal of it. 7. Non provision of expenses 8. Wrong calculations of intt subventions 9. Wrong entitlement of intt subvention. Like not a KCC, paid prompt but not a genuine source credit. 10. Intt subventions not gvn for 3+3 moratorium period. 11. Excess DP allowed for 90 days. Goods Rates far excess in stock statements either based of sale price or cost inc. gst itc. 12. Renewal expired and due for 180 days. Renewal not done based on AFS. 16. Sub