In order to make the branch audits more useful and effective there should
be system of
1. Appointment of statutory branch auditors at the beginning of the year
2. Involve the statutory Branch auditor in quarterly and half yearly
reviews.
3. Make him conduct audit at routine intervals throughout the year
4. Let him conduct annual audit at year end and issue Statutory Branch
Audit Report even if it to be issued before 10th April.
Through this way the usefulness of the audit would stay.
The ICAI should work on such other proposals also to ensure that the
auditee/ others should understand the importance of Bank Branch Audit.
CA Sandeep Jain
be system of
1. Appointment of statutory branch auditors at the beginning of the year
2. Involve the statutory Branch auditor in quarterly and half yearly
reviews.
3. Make him conduct audit at routine intervals throughout the year
4. Let him conduct annual audit at year end and issue Statutory Branch
Audit Report even if it to be issued before 10th April.
Through this way the usefulness of the audit would stay.
The ICAI should work on such other proposals also to ensure that the
auditee/ others should understand the importance of Bank Branch Audit.
CA Sandeep Jain
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