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 24th 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, CA Ulhas
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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