ICAI- Expert Panel for Addressing Queries arising during Bank Branch Audits for year ending 31st March 2012
March, 26th 2012
FOR THE ATTENTION OF THE MEMBERS
EXPERT PANEL FOR ADDRESSING QUERIES ARISING
DURING BANK BRANCH AUDITS FOR YEAR ENDING 31ST MARCH 2012
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 Audit. 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 an RBI circular, nature and adequacy of documentation, possible
wordings of the audit report on some important matters in branch audit, issues relating to LFAR, etc.
With a view to support our members for fast resolution of such queries, the Auditing and Assurance
Standards Board and the Committee on Information Technology are pleased to offer an Online support
to our members from 26th March, 2012 to 10th April, 2012 for the bank branch audits for the year
ended 31st March 2012. The queries can be sent at
The Online support facility will be managed by an expert panel constituting the following members:
CA Abhijit Bandyopadhyay, CCM and Chairman, Auditing and Assurance Standards Board
CA Atul Bheda CCM and Chairman, Committee on Information Technology
CA Rajkumar Adukia, CCM, CA Manoj Fadnis, CCM, CA Jayant Gokhale, CCM, CA Sanjeev Maheshwari,
CCM, CA. Shriniwas Joshi, Member, WIRC, CA. Mehul Shah, Member (IT Support)
Other Members on the Panel
CA Abhay Kamat, CA Abhijeet Sanzgiri, CA Anagha Thatte, CA Ashutosh Pednekar,
CA Dhananjay Gokhale, CA Dilip Dixit, CA Giriraj Soni, CA I.B. Sonawalla, CA. ketan Saiya,
CA Ketan Vikamsey, CA Makarand Joshi, CA Manoj Daga, CA Mitil Chokshi, CA Mrudul Gokhale,
CA Niranjan Joshi, CA Nitant Trilokekar, CA Parag Hangekar, CA Prakash Kulkarni , CA Ramesha Shetty,
CA Sandeep Welling , CA Sanjay Rane, CA Uday Sathaye, CA Vipul Choksi
The queries so received will be distributed amongst the members of the panel on random basis and they
would reply to the same.
Members may specifically be informed that the views expressed by the experts would be their
personal views and not necessarily the views of the Institute of Chartered Accountants of India. The
Institute or the members of the Panel, in any case, would not take any responsibility of actions taken
based on such advice.
To enable us to serve you better, you are also advised to -
Be brief but provide full information and facts.
Do not mention the name of the Bank or Branch to avoid problem of violation of confidentiality.
Avoid rejoinders, if possible.
Do not send the same query twice.
Draft the report on your own.
Use your own judgment.