omshanti2013 said:
Hello Friends,
I am applying for FSW this year. I am Banking and Finance professional.I am in middle of preparing the documents and applications.
Following are the duties provided by my boss on company letter head.
• Review and analyze NRI account opening, Deposits openings, financial transactions, Inward & Outward Remittance (Cross Border Payments) in different overseas branches to ensure transactions are in compliance with company's internal procedures as well as regulatory guidelines.
• Review of accounting entries, reconciliation process and tax related matters to ensure statutory requirements like IFRS are followed.
• Prepare audit reports on audit findings and provide recommendations for risk mitigation, process improvement and Business Services to senior management team.
• Reviews of the internal controls like Manual and Automated which are placed are adequate, efficient, effective and addressing all types of risks.
• Ensure all types of transactions are in compliance with regulatory guidelines issued by the Reserve Bank of India (RBI), Foreign Exchange Management Act (FEMA) and Anti Money Laundering Policies.
He has worked 40 hours per week and his annual salary was INR 4, 80,000 per annum. Besides salary, he also had other benefits like performance bonus, house rent allowances, transport allowances and medical insurance.
Kindly confirm whether the same is fine for NOC 1111, if not what other things can I include.?
Regards
Financial auditors perform
some or all of the following duties:
Examine and analyze journal and ledger entries, bank statements, inventories, expenditures, tax returns and other accounting and financial records, documents and systems of individuals, departments within organizations, businesses or other establishments to ensure financial recording accuracy and compliance with established accounting standards, procedures and internal controls
Prepare detailed reports on audit findings and make recommendations to improve individual or establishment's accounting and management practices
Conduct field audits of businesses to ensure compliance with provisions of the Income Tax Act, Canadian Business Corporations Act or other statutory requirements
May supervise other auditors or professionals in charge of accounting within client's establishment.
Accountants perform
some or all of the following duties:
Plan, set up and administer accounting systems and prepare financial information for individuals, departments within organizations, businesses and other establishments
Examine accounting records and prepare financial statements and reports
Develop and maintain cost finding, reporting and internal control procedures
Examine financial accounts and records and prepare income tax returns from accounting records
Analyze financial statements and reports and provide financial, business and tax advice
May act as a trustee in bankruptcy proceedings
May supervise and train articling students, other accountants or administrative technicians.
Employment requirements
Chartered accountants require a university degree
and
Completion of a professional training program approved by a provincial institute of chartered accountants and, depending on the province, either two years or 30 months of on-the-job training
and
Membership in a provincial Institute of Chartered Accountants upon successful completion of the Uniform Evaluation (UFE).
Certified general accountants and certified management accountants require a university degree
and
Completion of a training program approved by the Society of Certified General Accountants or Society of Management Accountants and several years of on-the-job training
and
Certification by the Certified General Accountants Association or the Society of Management Accountants.
Auditors require education, training and recognition as indicated for chartered accountants, certified general accountants or certified management accountants
and
Some experience as an accountant.
Auditors may require recognition by the Institute of Internal Auditors.
To act as a trustee in bankruptcy proceedings, auditors and accountants must hold a licence as a trustee in bankruptcy.
Licensing by the provincial or territorial governing body is usually required for accountants and auditors practising public accounting.
In above description duties should match with the duties with ur duty letter. (They have said some or all) so try to cover all of them or majority of them. but dont do copy paste.
and employment requirements is generally related to your qualification.
so go through the same and go ahead accordingly.
