AUDITING AND ASSURANCE STANDARDS BOARD CONSTITUTES EXPERT PANEL FOR ADDRESSING BANK BRANCH AUDIT RELATED QUERIES FOR THE FINANCIAL YEAR 2018-19
The bank audit season is around the corner. Given the fact that the banking industry is typical in terms of its geographical and customer spread, the volume and varied nature of products and services offered, coupled with the strict constraints for completing the audits, the members, many a times, face a lot of issues/ queries while conducting Bank Branch Audits. These 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.
With a view to support our members for fast resolution of such queries, the Auditing and Assurance Standards Board (AASB) is pleased to offer an Online support to our 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 firstname.lastname@example.org.
The Online support facility will be managed by an expert panel, which is constituted with the following members:
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 are specifically informed 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.
To enable us to serve you better, you are also 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.