The bank audit season is around the corner. Given the fact that the banking industry istypical in terms of its geographical and customer spread, the volume and varied natureof products and services offered, coupled with the strict constraints for completing theaudits, the members, many a times, face a lot of issues/ queries while conducting BankBranch Audits. These could include determination of NPA status, implications ofcomplicated 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 andAssurance Standards Board (AASB) is pleased to offer an Online support to our membersfrom 24th March, 2014 to 20th April, 2014 for the bank branch audits for the year ended31st March 2014. The queries can be sent at bankauditfaq@icai.in.

ICAI