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Expert Panel For Addressing Bank Branch Audit Related Queries For The Financial Year 2013-14

Written By Admin on Monday, 24 March 2014 | Monday, March 24, 2014



AUDITING & ASSURANCE STANDARDS BOARD
CONSTITUTES EXPERT PANEL FOR ADDRESSING BANK BRANCH AUDIT
RELATED QUERIES FOR THE FINANCIAL YEAR 2013-14

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 Audits. 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 RBI circular, nature and adequacy of documentation, possible wordings of the audit report on some important matters in bank 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 (AASB) is pleased to offer an Online support to our members from 24 th March, 2014 to 20th April, 2014 for the bank branch audits for the year ended 31st March 2014. The queries can be sent at bankauditfaq@icai.in.

The Online support facility will be managed by an expert panel containing the following
members:

Panel Coordinators

CA Abhijit Bandyopadhyay, Central Council Member (CCM) and Chairman, AASB

CA Shriniwas Y. Joshi, CCM and Vice-Chairman, AASB, CA. Rajkumar S Adukia, CCM, CA Pankaj I Jain, CCM, CA. Sanjeev Maheshwari, CCM, CA Nilesh Vikamsey, CCM, CA. Charanjot Singh Nanda, CCM, CA. Naveen ND Gupta, CCM, CA. Babu A Kallivayalil, CCM and CA. Shyam Lal Agarwal, CCM.

CA. Mehul Shah, Member (IT Support)

Other Members on the Panel

CA Abhay Kamat, CA Abhijit Sanzgiri, CA Anagha Thatte, CA Ashutosh Pednekar, CA Atul Bheda, CA Dhananjay Gokhale, CA Gautam Shah, CA Giriraj Soni, CA I.B. Sonawalla, CA. Ketan Saiya, CA Manish Baxi, CA Manish Sampat, CA Mrudul Gokhale, CA Nilesh Joshi, CA Niranjan Joshi, CA Parag Hangekar, CA Ramesha Shetty, CA Sandeep Welling, CA Sanjay Khemani, CA Sanjay Rane, CA Shivratan Agarwal, CAUlhas Chitale, CA Vikas Kumar, CA Vipul Choksi, CA. Nitant Trilokekar, CA. Suhas Deshpande.

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 are specifically informed that the views expressed by the experts would be their personal views and not necessarily the views of the Auditing and Assurance Standards Board or the Institute of Chartered Accountants of India (ICAI). AASB, ICAI or the members of the Panel, do not accept any responsibility for actions taken by the querists based on such advice.

To enable us to serve you better, you are also advised to:

 Be brief but provide full information and facts.
 Not to mention the name of the Bank or Branch to avoid problem of violation of
confidentiality requirements.
 Avoid rejoinders.
 Not to send the same query twice.
 Draft the report on your own.
 Use own judgment.
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