Statutory audit of branch

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

31 March 2011 Sir
In connection with the statutory audit of bank branch would request someone to clarify on the following:

1. Is audit engagement letter is a must to be issued by the branch auditor.

2. Is representation letter is mandatory to be collected from the branch management.

3. Is LFAR to be filled up by the branch or by the branch auditor.

kindly clarify
regards

ca cs shriyans jain

ca cs shriyans jain (Expert)
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01 April 2011 1) yes audit engagement letter needs to b issued.
2) representation letter has to b collectd from branch manager.
3) LFAR has to b filled by branch auditor nd not by branch authorities.

I hope i hv made it clear to u.

Querist : Anonymous

Querist : Anonymous (Querist)

01 April 2011 Dear sir

thanks for yr inputs.

regards

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