Union Bank of India a Govt. of India sponsored bank and is among the top 5 banks in the country and among top 100 banks in the world.
The bank appoints reputed auditors in their audit panel and assigns them tasks to carry out various audit functions as part of their audit process. Around 2018, one of the Altobooks team members being a very reputed auditor in the field was invited by the bank to be on their panel of auditors.
After associating with the company, Altobooks team has taken following steps:
Formulated an audit plan
Risk assessment was carried out to identify high risk areas
Vouching, data verification, record matching
Preparation of audit report
As of 2022, the team member is still empanelled as an auditor with the bank. Altobooks assists in the audit process of the bank by providing following services.