Besides equipping us with immense facilities and comforts, Electronic Banking-Digitization has posed many problems before us.

• Problems before Accounting tasks e.g. natural problems, negligent man-made problems, fraudulent man-made problems.
• Problem before Auditing tasks e.g. computer illiteracy, machine readability, audit trails, CAAT’s, Proper guideline, Fraud, Audit risks, I.T.expert.
• Problems before banks e.g. window dressing, credit card Frauds, Debit card Frauds, ATM, On line banking, Mobile Phone Banking.
• Impact of Electronic Era upon the Bank Audit e.g. sophistication, I.T. expert, Physical Verification.

KEYWORDS:  Programming Loopholes, Migration Problems, Cyber Threat, System Crash, Technological Sphere, Maintenance Cost, ATM, Mobile Banking, Credit Card and Debit Card.