Dear Members,
> The bank audit season is around the corner. Given the fact that the banking industry is typical in terms
> of its geographical and customer spread, the volume and varied nature of products and services offered,
> coupled with the strict constraints for completing the audits, the members, many a times, face a lot of
> issues/ queries while conducting Bank Branch Audit. These could include determination of NPA status,
> implications of complicated data found in a branch audit, unavailability of any relevant RBI circular,
> implications of the requirements of an RBI circular, nature and adequacy of documentation, possible
> wordings of the audit report on some important matters in branch audit, issues relating to LFAR, etc.
> With a view to support our members for fast resolution of such queries, the Auditing and Assurance
> Standards Board and the Committee on Information Technology are pleased to offer an Online support
> to our members from 26th March, 2012 to 10th April, 2012 for the bank branch audits for the year
> ended 31st March 2012. The queries can be sent at bankauditfaq@...
> The Online support facility will be managed by an expert panel constituting the following members:
> Panel Coordinators
> CA Abhijit Bandyopadhyay, CCM and Chairman, Auditing and Assurance Standards Board
> CA Atul Bheda¸ CCM and Chairman, Committee on Information Technology
> CA Rajkumar Adukia, CCM, CA Manoj Fadnis, CCM, CA Jayant Gokhale, CCM, CA Sanjeev Maheshwari,
> CCM, CA. Shriniwas Joshi, Member, WIRC, CA. Mehul Shah, Member (IT Support)
> Other Members on the Panel
> CA Abhay Kamat, CA Abhijeet Sanzgiri, CA Anagha Thatte, CA Ashutosh Pednekar,
> CA Dhananjay Gokhale, CA Dilip Dixit, CA Giriraj Soni, CA I.B. Sonawalla, CA. ketan Saiya,
> CA Ketan Vikamsey, CA Makarand Joshi, CA Manoj Daga, CA Mitil Chokshi, CA Mrudul Gokhale,
> CA Niranjan Joshi, CA Nitant Trilokekar, CA Parag Hangekar, CA Prakash Kulkarni , CA Ramesha Shetty,
> CA Sandeep Welling , CA Sanjay Rane, CA Uday Sathaye, CA Vipul Choksi
> The queries so received will be distributed amongst the members of the panel on random basis and they
> would reply to the same.
> Disclaimer
> Members may specifically be informed that the views expressed by the experts would be their
> personal views and not necessarily the views of the Institute of Chartered Accountants of India. The
> Institute or the members of the Panel, in any case, would not take any responsibility of actions taken
> based on such advice.
> To enable us to serve you better, you are also advised to -
>
> * Be brief but provide full information and facts.
> * Do not mention the name of the Bank or Branch to avoid problem of violation of confidentiality.
> * Avoid rejoinders, if possible.
> * Do not send the same query twice.
> * Draft the report on your own.
> * Use your own judgment
> The bank audit season is around the corner. Given the fact that the banking industry is typical in terms
> of its geographical and customer spread, the volume and varied nature of products and services offered,
> coupled with the strict constraints for completing the audits, the members, many a times, face a lot of
> issues/ queries while conducting Bank Branch Audit. These could include determination of NPA status,
> implications of complicated data found in a branch audit, unavailability of any relevant RBI circular,
> implications of the requirements of an RBI circular, nature and adequacy of documentation, possible
> wordings of the audit report on some important matters in branch audit, issues relating to LFAR, etc.
> With a view to support our members for fast resolution of such queries, the Auditing and Assurance
> Standards Board and the Committee on Information Technology are pleased to offer an Online support
> to our members from 26th March, 2012 to 10th April, 2012 for the bank branch audits for the year
> ended 31st March 2012. The queries can be sent at bankauditfaq@...
> The Online support facility will be managed by an expert panel constituting the following members:
> Panel Coordinators
> CA Abhijit Bandyopadhyay, CCM and Chairman, Auditing and Assurance Standards Board
> CA Atul Bheda¸ CCM and Chairman, Committee on Information Technology
> CA Rajkumar Adukia, CCM, CA Manoj Fadnis, CCM, CA Jayant Gokhale, CCM, CA Sanjeev Maheshwari,
> CCM, CA. Shriniwas Joshi, Member, WIRC, CA. Mehul Shah, Member (IT Support)
> Other Members on the Panel
> CA Abhay Kamat, CA Abhijeet Sanzgiri, CA Anagha Thatte, CA Ashutosh Pednekar,
> CA Dhananjay Gokhale, CA Dilip Dixit, CA Giriraj Soni, CA I.B. Sonawalla, CA. ketan Saiya,
> CA Ketan Vikamsey, CA Makarand Joshi, CA Manoj Daga, CA Mitil Chokshi, CA Mrudul Gokhale,
> CA Niranjan Joshi, CA Nitant Trilokekar, CA Parag Hangekar, CA Prakash Kulkarni , CA Ramesha Shetty,
> CA Sandeep Welling , CA Sanjay Rane, CA Uday Sathaye, CA Vipul Choksi
> The queries so received will be distributed amongst the members of the panel on random basis and they
> would reply to the same.
> Disclaimer
> Members may specifically be informed that the views expressed by the experts would be their
> personal views and not necessarily the views of the Institute of Chartered Accountants of India. The
> Institute or the members of the Panel, in any case, would not take any responsibility of actions taken
> based on such advice.
> To enable us to serve you better, you are also advised to -
>
> * Be brief but provide full information and facts.
> * Do not mention the name of the Bank or Branch to avoid problem of violation of confidentiality.
> * Avoid rejoinders, if possible.
> * Do not send the same query twice.
> * Draft the report on your own.
> * Use your own judgment
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