bank branch audit
This query is : Resolved
08 April 2011
if we see that most of the accounts are NPA,
is is compulsory to give detail in moc of all the account?
is is compulsory to give detail in moc of all the account?
10 April 2011
NO. MOC is to be used only for making changes in the profit and loss account or the balance sheet of the Bank. These changes would arise either to arithmetic or conceptual error by the branch.
If the branch auditor wants to draw the attention of the central statutory auditor to the fact that the most of accounts are NPA, he/she may mention in the LFAR. Also nowadays, the banks have specialised recovery branch which will have almost all the NPA accounts. This fact should be borne in mind before making the comment
If the branch auditor wants to draw the attention of the central statutory auditor to the fact that the most of accounts are NPA, he/she may mention in the LFAR. Also nowadays, the banks have specialised recovery branch which will have almost all the NPA accounts. This fact should be borne in mind before making the comment
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- EPF ECR NEW FILE SEP 17TH 2026
- TDS Challan - change of FY 2025-26 to TY 2026-27
- Gst registered proprietorship firm
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- Capitalgain tax purposes for valuation report compulsory
- TDS on purchase of under construction property from a reseller
- SALARY CAN BE CAPITALIZE
- Non filing of I T Returns
- GST Intimation due to Government took possession of Business Premises under PPE Act
- TDS on Fixed Assets purchased
- Under marginal scheme
- Import of Software Service.
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- GST on Renting godown to KFCSC for Storage of Raagi
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
