ICAI set up an online support panel for bank branch audit queries from April 1st, 2019

ICAI set up an online support panel for bank branch audit queries from April 1st, 2019 till April 15th, 2019. The facility is managed by experts

With a view to support chartered accountants for fast resolution of queries, the Auditing and Assurance Standards Board (AASB) of ICAI has set up an Online support for the members from April 1st, 2019 till April 15th, 2019 for the bank branch audits for the year ended 31st March 2019.

The queries can be sent at bankauditfaq@icai.in.

As per announcement made in this regard, it has been pointed out that the members often, face issues/ queries while conducting Bank Branch Audits. These issues 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, reporting on Long Form Audit Reports, Ghosh and Jilani Committee recommendations, special purpose reports and certificates, etc.

The Online support facility is being managed by an expert panel as under:

Panel Convenors

CA. G. Sekar, Central Council Member and Chairman, AASB (Convenor), CA. (DR.) Debashis Mitra, Central Council Member and Vice-Chairman, AASB (Deputy Convenor)

Other Members on the Panel 

CA. Shriniwas Y. Joshi (Central Council Member and Coordinator), Mumbai, CA. Dhananjay Gokhale, Mumbai, CA. Sandeep Welling, Mumbai, CA. Sanjay Khemani, Mumbai, CA. Niranjan Joshi, Mumbai, CA. Ashutosh Pednekar, Mumbai, CA. Abhay Kamat, Mumbai, CA. Vipul Choksi, Mumbai, CA. Vikas Kumar, Mumbai, CA. Gautam Shah, Mumbai, CA. Manish Sampat, Mumbai, CA. Parag Hangekar, Mumbai, CA. Sanjay Rane, Mumbai, CA. Shivratan Agarwal, Mumbai, CA. Atul Bheda, Mumbai, CA. I.B. Sonawalla, Mumbai, CA. Ketan Saiya, Mumbai, CA. Pankaj Tiwari, Mumbai, CA. Nachiket Deo, Pune, CA. Prakash Kulkarni, Pune, CA. Saurabh S. Peshwe, Pune, CA. Ashwani Gupta, Ludhiana, CA. Bhagwan Das Gupta, Delhi, CA. Ajay Kumar Jain, Gurgaon, CA. K.A. Balasubramanian, Delhi, CA. Lokesh Gupta, Delhi, CA. Nitin Jain, Delhi, CA. Anuj Dhingra, Delhi, CA. Simran Singh, Delhi, CA. Rakesh Gupta, Delhi, CA. Bhuvnesh Maheshwari, Delhi, CA. Bhupendra Mantri, Jaipur, CA. Vikas Gupta, Jaipur, CA. Vishnu Mantri, Jaipur, CA. Ajay Atolia, Jaipur, CA. P.D. Baid, Jaipur, CA. Mukesh Gupta, Jaipur, CA. Ram Avtar Sharma, Jaipur, CA. Vikas Rajvanshi, Jaipur, CA. Varun Bansal, Jaipur, CA. Keshav Garg, Jaipur, CA. R. Sundararajan, Chennai, CA. Sivaprasad N., Chennai, CA. Sukumaran T. G., Chennai, CA. Anusha Sreenivasan, Chennai, CA. S. Ramesh, Chennai, CA. Vijay T. C., Chennai, CA. Mahesh Krishnan, Chennai, CA. R Venkatesh, Chennai.

CA. Mehul Shah, Mumbai (IT Support)

The queries so received will be distributed amongst the members of the panel on random basis and they would reply to the same.

Members have been advised to:

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

However, it has been specifically stated that the views expressed by the experts would be their personal views and not necessarily the views of the Auditing and Assurance Standards Board (AASB) 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

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