SR NO. TOPIC PAGE NO.

EXECUTIVE SUMMARY

1 INTRODUCTION 1-2

2 PROFILE OF THE ORGANISATION 3-11

3 RESEARCH DESIGN AND METHODOLOGY 12-13

4 CONCEPTUAL BACKGROUND 14-23

5 DATA PRESENTATION, ANALYSIS AND 24-51

INTERPRETATION

6 FINDINGS, SUGGESTIONS AND CONCLUSION 52-54

BIBLIOGRAPHY 55
Introduction

The audit of banking companies plays a very important role in India

as it help to regulate the banking companies in right manner. In audit of
banks includes various types of audit which are normally carried out in
banking companies such as statutory audit, revenue/income expenditure
audit, concurrent audit, computer and system audit etc. the above audit is
mainly conducted by the banks own staff or external auditor. However, the
rules and the regulation relating to the conduct of various types of audit or
inspections differ from a bank to bank expect the statutory audit for which
the RBI guidelines is applicable. In this, I have given more importance on
the overall bank audit system. In today’s competitive world audit is very
much necessary as well as compulsory, because investor investing
decision is depend on that particular concept if auditor has expressing his
view about particular organization is true and fair then investor can get his
ideas about how much he should invest in particular companies.
 OBJECTIVES OF STUDY

1. To examine the system of internal check.

2. To check arithmetical accuracy of books of accounts, verifying posting,
casting, balancing etc.
3. To verify the authenticity and validity of transactions.
4. To check the proper distinction between capital and revenue nature of
transactions.
5. To confirm the existence and value of assets and liabilities.

LIMITATIONS

 This Industrial Project involved large amount of research but there was time
constraint.

 The data was collected mainly from the secondary source and collecting data
from the primary source was difficult.

 Rely on Experts− An Auditor has to rely on experts like engineers, valuers

and lawyers for estimation and valuation of fixed assets and estimation of
contingent liabilities.

 Efficiency of Management − An Auditor does not comment on the efficiency

of management working in client organization; no comments on future
performance of an organization can be made through audited financial
statements.

 Checking of All Transactions − It is not possible for an Auditor to check all

business transactions especially in big organizations where the number of
transactions is very high. An Auditor has to rely on sampling and test checking.

 Additional Financial burden − An organization has to bear additional

financial burden on account of any fees and other such expenses for
conducting an audit.
Scope of study

 It focuses an attention not only on financial planning but also on short term and long
term investment in assets

 The present study has great relevance from the view point of critical analysis of Co-
operative Credit Societies in karad taluka.

 During the past 5 years the credit cooperative society has gone global as a result the
cooperative society has witnessed many economic and political changes.
NAME OF ORGANISATION : JANAKALYAN NAGARI PATHSANTHA MARYADIT
HEAD OFFICE : SOMWAR PETH , KARAD

ORIGIN OF ORGANISATION:

A compact group comprising professionals and social activists was brainstorming sometime in the middle of the
year 1995 on a select mission. The object was to create a role model which would be capable of providing
sustainable financial solutions in an affordable manner. The target beneficiaries would be those in the vicinity
who were financially excluded despite their potential, honesty and integrity on account of their inability to fulfill
stricter compliance requirements.

The most logical conclusion of these developments was the establishment of a credit co-operative under the
nomenclature of “ Jankalyan Nagari Sahakari Patsanstha Maryadit, Karad.” Being under the aegis of the
Maharashtra Cooperative Societies Act, 1960 the set up was naturally democratic. But the insistence was on
professionalism and transparency without losing sight of the ethical standards.

Within no time the selfless spirit, shared vision and collective wisdom of the Board Members could inculcate the
expected esteem, glory and wisdom for “ JANKALYAN” in the minds of the people at large.

As a consequence JANKALYAN could achieve great strides during the last fifteen years and is poised for a great
leap ahead in the time to come!

"Jankalyan" nurture the culture of "Trusteeship in Business".

The core elements of our SR activities include -

* ethical functioning
* respect for all stake holders and
* care for the communities they serve and amongst whom they operate.

They generally implement their community initiatives through their informal social wing functioning as an
independent trust under the nomenclature "Jankalyan Pratishthan".

The Janklayan Pratishthan runs a school without any Government grants. The school imparts Primary and
Secondary education and caters around 700 students on its rolls.

MISSION
Their is to provide quality education at affordable cost to inculcate socially desirable values.

The Pratishthan also provides Break-fast and Lunch packets to underprivileged sections of society at affordable
cost. Its a nutrition support scheme being run on no profit no loss basis. The scheme is taken care of through
diverse low cost cooking techniques without compromising on ingredients and cooking hygiene.

They also support various social and cultural groups through our donations for their various philanthropic
pursuits.

During last few years our average annual expenditure on social initiatives is above 5% of our net income.
 Organizational chart
Name of Director Position Qualification Business / Profession
Shri Chandrashekhar Mahadeo Agriculture, Construction ,
Chairman B.E., D.B.M
Deshpande Trading & Distribution
Dr. Milind Shankar Pendharkar Vice-Chairman B.A.M.S. Medical Practitioner

Dr. Prakash Vishnu Sapre Director M.B.B.S. Medical Practitioner

Dr. Avinash Govind Gargate Director M.D.(Medicine) Medical Practitioner

CA Shirish Narayan Godbole Director B.Com, F.C.A Practicing Chartered Accountant

Shri Eknath Vishu Phirange Director M.A., B.Ed. Retired Teacher,Agriculture

Shri Jitendra Bhogilal Shah Director B.Com Trading in Building Materials

Dr. Vijay Hari Karambelkar Director M.S.(Optho) Medical Practitioner

Shri Hindurao Dattatraya Dubal Director B.Com Fabrication Unit

Shri Mohan Laxman Sarvagod Director B.A.,D.Ed. Retired Teacher, Social Activist

Authorized Godrej Distributor (

Informal Experience &
Shri Atul Dinkar Shalgar Director Office Furniture & Security
Exposure
System )

B.Tech.(Mech.Engg.)D.B.M.,
Shri Vijaykumar Hanmant Joshi Director Service
D.I.E.

Dr. Sucheta Anil Huddedar Director B.A.M.S. Medical Practitioner

Sou. Varsha Anil Kulkarni Director B.A Social Activist

Sou. Poonam Nitin Vaske Director B.Sc. Coaching Classes

Shri.Jagdish Shankar Subhedhar Expert Director B.Com Social Activist

CA Ashutosh Gajanan Godbole Expert Director B.Com, F.C.A Practicing Chartered Accountant
The Business figures of the Bank as on
31st March 2018 is given as under: (Amt in Rs crore)

Sr. No. Details 2018

1 Own Funds 66.68
2 Deposits 449.27
3 Loans 262.27
Int.Recble on
4 Loan(PA) 8.97
5 Loans with IR 271.24
6 Business Mix 720.51
7 Investment 225.33
8 Net Profit 8.34
Working
9 Capital 540.24
10 CRAR 14.84
11 Networth 62.67
12 Net NPA 0.0277