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bank audit

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27 March 2010 whatis service branch and what transactions a statutory auditor should verify certify ? please clrify me.we have one srevice branch audit of UBI........please
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
27 March 2010 You can download files from this link
https://www.caclubindia.com/share_files/files_display_list_by_category.asp?cat_id=2
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nageswara rao narayana

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nageswara rao narayana (Querist)
27 March 2010 hi aditya maheswari ,

my question is what is meant by service branch? what should an auditor verify there?is it same as normal branches or does it differ from them? plzzzzzzzz clarify that one

thank you
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CA. RAJESH Kr. MAURYA

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CA. RAJESH Kr. MAURYA (Expert)
01 April 2010 Yes, the service branch of the bank differs from its normal branch, as it handles all the cheques received by bank for clearing and it is the service branch who comes in touch with Clearing House to get the cheques cleared. For Audit, you need to refer bank manual.
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