Internal Audit Report

IslamabadProcess/unit to be audited

To: Hammad, CEO

marcus, CEO
Cc: Nauzer, Mr.
Saqib, Manager
From: mzr_head, Branch Manager
Ref:
Date: 14,November,2018
Subject: Audit Report of Islamabad for the year 2018

1. CONCLUSION
Conclusion - Credit manual clause 23.3 devise the mechanism of NPL due diligence where MFO and CO conduct
field visits of clients with 150 DPDs or above to inquire the reasons of non-payments and submit their fact finding
report to BM & RM Assets for their review and further submission to ARM. ARM cross verify and submit to AM,
RH & DH.

1
 Internal Audit Report
IslamabadProcess/unit to be audited

2. EXECUTIVE SUMMARY
ExecutiCve Summary - redit manual clause 23.3 devise the mechanism of NPL due diligence where MFO and CO
conduct field visits of clients with 150 DPDs or above to inquire the reasons of non-payments and submit their fact
finding report to BM & RM Assets for their review and further submission to ARM. ARM cross verify and submit to
AM, RH & DH.

2
 Internal Audit Report
IslamabadProcess/unit to be audited

3. DETAILED ISSUES, RECOMMENDATIONS & ACTION PLANS

Finding # 3 - Cash & Customer Services
Criteria & Condition
finding 3 shows various discrepancies in vouching
Risk/Impact
risk impact is not defined
Recommendations
recommendation not is not defined
Action Plan
Management Response:
management response 3

Responsible Person:

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 Internal Audit Report
IslamabadProcess/unit to be audited

4. APPENDICES
4.1. Other observations:
S. # Observation Instances
1 finding 5 shows wrong calculations of invoices 3
2 finding 4 shows wrong invoice 15

4.2. Scope of audit

SCope and Objective - Credit manual clause 23.3 devise the mechanism of NPL due diligence where MFO and CO
conduct field visits of clients with 150 DPDs or above to inquire the reasons of non-payments and submit their fact
finding report to BM & RM Assets for their review and further submission to ARM. ARM cross verify and submit to
AM, RH & DH.