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#1474924 - 12/02/10 02:26 PM Budget Review
Simon Offline
Junior Member
Joined: Jan 2004
Posts: 47
FRANCE
I have to review the bank's budget for the upcoming year, and I don't know how to proceed.
Can you help me?
What are the steps to perform this assignement?
Thanks in advance
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Audit
#1475190 - 12/02/10 06:10 PM Re: Budget Review Simon
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 83,370
Galveston, TX
Review for what exactly?
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The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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#1475664 - 12/03/10 08:21 AM Re: Budget Review rlcarey
Simon Offline
Junior Member
Joined: Jan 2004
Posts: 47
FRANCE
Review the budget to see if it is correctly prepared:
I have to focus on the assumptions:
Are they correct?
Do they reflect the reality?
Are there some threads that were omitted?
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#1475666 - 12/03/10 11:23 AM Re: Budget Review Simon
rlcarey Online
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,370
Galveston, TX
Wow - that is quite an assignment for one person if you are talking about the budget for the entire bank. I would assume that each individual area of the bank is required to submit their budget for the year along with sufficient justification documentation. I guess you would have to review all the justification documentation for reasonableness, check the budget numbers for accuracy compared to their justification documentation. etc. Other than that, I would be at a loss how one person could be enough of an expert in every aspect of the bank to do much more.
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The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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#1475678 - 12/03/10 01:38 PM Re: Budget Review rlcarey
Simon Offline
Junior Member
Joined: Jan 2004
Posts: 47
FRANCE
Since The bank I work for is a small one I think I will be able to do it and further correction to my work will be done in the upcoming budget reviews next years
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