The publication, 'Technical Guide on Accounting and Auditing in Housing Finance Companies', provides an insight into the general functioning of Housing Finance Companies (HFCs) and the methods of accounting and auditing peculiar to them. The Guide also discusses major risks faced by HFCs, statutes applicable to HFCs alongwith the other relevant regulatory aspects of HFCs that may be useful in the audit of a housing finance company. The Guide contains a separate chapter on Internal Control Aspects which discusses the control aspects having a direct bearing on the leakage of revenue and on the safeguarding of assets in an HFC. One of the appendices to the Technical Guide contains full text of the NHB directions applicable to housing finance companies, including the format of returns and reports to be submitted by the management and auditor of an HFC on a periodic basis. The appendices to the Technical Guide also include list of records and documents generally collected by HFCs for lending operations and details of penalties that may be imposed on an HFC under the NHB Act.
Price Rs. 140.00 (Pp 209) (2005)