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Concurrent audit

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(Querist)
06 August 2013 on case of CC A/C wheather we need to check CMA data....if yes why?...i guess it is meant for the purpose of loan sanctioning.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
06 August 2013 Yes. for checking the CC account, you can cross verify the CMA data which submitted by the borrower, following points can be checked

1. Working capital GAP projected in CMA data and actual working capital
2. Whether drawing power of the borrower is with in the limit of MPBF
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