Income Leakage | Revenue Leakage | Concurrent Audit | Hindi

The scope of the concurrent auditors includes the detection of income leakage. What causes income leakage? The failure of the banks to collect the charges. In general, the banks collect over a hundred types of charges from their customers that form part of their revenue. CBS deducts most of these charges automatically. However, in the case of the charges that are not deducted by CBS, the employees have to debit the customer's account manually. This is where the employees end up making mistakes. They either fail to collect to amount or collect less than what should have been collected. The concurrent auditors are entrusted with the task of finding such instances, calculating the amount to be collected, and reporting the same to the bank. ___________________ About Us: We are an educational platform. Our specialty lies in the areas of governance, economics, finance, ethics, and law. However, you would also find us venturing out of our defined boundary line and covering everything that matters the most, including the trending hot topics. ___________________ For General Knowledge: Please check out    / channel   (The Academic Point) for a quick GK revision for your competitive exams. ___________________ Disclaimer: We are an educational platform, and all our videos are purely for educational and research purposes. We are not a substitute for your regular schools or classes. We recommend that you attend your offline classes in addition to watching our videos. Your reliance on our content for any purpose whatsoever is solely based on your discretion. We assume no liability for the damages you or your agents suffer as a result of such reliance. Our content must not be brought into a use that is unlawful in the eyes of the law. ___________________ Copyright: We respect your intellectual property rights and are committed to protecting the same. All third party contents used in our videos comply with the fair use principle. Our use of any third-party content is limited to education, research, review, criticism, parody, and pastiche, permitted under the copyright laws. Although we remain extra careful in using third-party content, we agree that we too can make mistakes. If you believe that we have used your copyrighted material in our videos and such use goes against the fair use principle, please let us know. Our email address is given in the “about” section of this channel. We assure full cooperation in protecting your rights. ©aeontalks 2021 #Auditing #cashverification #ConcurrentAudit