The document discusses audit planning and documentation from the perspective of a peer reviewer auditing a bank branch. It outlines basic challenges of remote auditing during COVID-19 like having proper technology and ensuring data security. It then details various auditing standards that must be followed regarding agreeing terms, documentation, laws and regulations, communication, risk assessment, materiality, evidence, confirmations, analytical procedures, sampling, going concern, representations, and reporting. The document concludes by outlining an illustrative communication from ICAI for initiating remote bank branch audits to ensure timely completion.
An Update on Statements on Standards for Accounting and Review Services (SSAR...Irene Valverde
Learn to identify the general principles applicable to all services performed under SSARS 21 and the specific principles applicable to the new preparation service (Section 70).
This presentation was given by Amit Jain, Audit and Accounting Principal at Gumbiner Savett in Santa Monica, CA, on July 19, 2016 at the Los Angeles Westside Chapter CalCPA meeting.
This presentation covers the basics of federal grant accounting and compliance (and why you need to know it), state and local tax and corporate tax issues (even if you're not generating revenue), R&D credits, and more for biotech companies.
Accounting Standards Updates (ASU) Effective in 2016 or later yearsIrene Valverde
An overview of new FASB standards effective in 2016 for calendar year-end public and nonpublic companies. Created by Pradeep Budhiraja, Audit and Accounting Principal at Gumbiner Savett in Santa Monica, CA. This presentation was delivered to the Los Angeles Westside Chapter CalCPA meeting on July 19, 2016.
The recently released SSARS21 Standard creates a bright line between preparing and reporting services, and is potentially the most significant non audit standard change of the past 30 years. This new standard will dramatically change how firms provide Client Accounting and BPO services, and is something many in the profession have been requesting for years.
In this webcast we review how firms can advance their client accounting services based on this new standard. Firms will need to change how they describe and market their client accounting services, engage with clients, as well as deliver these services.
The CBSA Account Receivable Ledger System (ARL) is the first phase of the CBSA Assessment and Revenue Management (CARM) initiative, which will make various changes to accounting processes. Are you ready for the changes?
Visit our website to learn more: bit.ly/1M00go9
this latest edition of out quarterly publication summarizes SEC developments in the last quarter. Highlights include SEC staff guidance on tax reform, remarks by SEC Chairman Jay Clayton and members of the SEC staff at the recent AICPA Conference on Current SEC and PCAOB Developments on the new accounting standards, critical audit matters and cybersecurity, and a discussion of Mr. Clayton’s concerns about initial coin offerings. We also discuss recent SEC rulemaking activities, SEC staff guidance updates and significant personnel changes.
EY's latest newsletter summarizes SEC developments in the last quarter. This issue highlights the remarks made by SEC staff members at the recent AICPA National Conference on Current SEC and PCAOB Developments related to SEC reporting implications of new accounting standards, non-GAAP financial measures and management’s discussions and analysis disclosure considerations for income taxes. We also discuss the SEC's progress on rulemaking and other initiatives, as well as significant personnel changes.
An Update on Statements on Standards for Accounting and Review Services (SSAR...Irene Valverde
Learn to identify the general principles applicable to all services performed under SSARS 21 and the specific principles applicable to the new preparation service (Section 70).
This presentation was given by Amit Jain, Audit and Accounting Principal at Gumbiner Savett in Santa Monica, CA, on July 19, 2016 at the Los Angeles Westside Chapter CalCPA meeting.
This presentation covers the basics of federal grant accounting and compliance (and why you need to know it), state and local tax and corporate tax issues (even if you're not generating revenue), R&D credits, and more for biotech companies.
Accounting Standards Updates (ASU) Effective in 2016 or later yearsIrene Valverde
An overview of new FASB standards effective in 2016 for calendar year-end public and nonpublic companies. Created by Pradeep Budhiraja, Audit and Accounting Principal at Gumbiner Savett in Santa Monica, CA. This presentation was delivered to the Los Angeles Westside Chapter CalCPA meeting on July 19, 2016.
The recently released SSARS21 Standard creates a bright line between preparing and reporting services, and is potentially the most significant non audit standard change of the past 30 years. This new standard will dramatically change how firms provide Client Accounting and BPO services, and is something many in the profession have been requesting for years.
In this webcast we review how firms can advance their client accounting services based on this new standard. Firms will need to change how they describe and market their client accounting services, engage with clients, as well as deliver these services.
The CBSA Account Receivable Ledger System (ARL) is the first phase of the CBSA Assessment and Revenue Management (CARM) initiative, which will make various changes to accounting processes. Are you ready for the changes?
Visit our website to learn more: bit.ly/1M00go9
this latest edition of out quarterly publication summarizes SEC developments in the last quarter. Highlights include SEC staff guidance on tax reform, remarks by SEC Chairman Jay Clayton and members of the SEC staff at the recent AICPA Conference on Current SEC and PCAOB Developments on the new accounting standards, critical audit matters and cybersecurity, and a discussion of Mr. Clayton’s concerns about initial coin offerings. We also discuss recent SEC rulemaking activities, SEC staff guidance updates and significant personnel changes.
EY's latest newsletter summarizes SEC developments in the last quarter. This issue highlights the remarks made by SEC staff members at the recent AICPA National Conference on Current SEC and PCAOB Developments related to SEC reporting implications of new accounting standards, non-GAAP financial measures and management’s discussions and analysis disclosure considerations for income taxes. We also discuss the SEC's progress on rulemaking and other initiatives, as well as significant personnel changes.
Executive Compensation Checklist for New and Experienced Board Members (Credi...NAFCU Services Corporation
Looking for an Executive Compensation Checklist for your Credit Union? This presentation serves as a valuable tool for new and experienced board members in pinning down the latest information on new regulations and compensation philosophies associated with creating a successful executive compensation plan. For more info, visit: www.nafcu.org/bfb
This presentation explains the impact of both India Foreign Exchange Laws and the India Transfer Pricing Regulations on the import and export transactions done with an Indian Entity.
More from Bhartiya Vitta Salahkar Samiti - BVSSOnline (20)
DNA Testing in Civil and Criminal Matters.pptxpatrons legal
Get insights into DNA testing and its application in civil and criminal matters. Find out how it contributes to fair and accurate legal proceedings. For more information: https://www.patronslegal.com/criminal-litigation.html
Military Commissions details LtCol Thomas Jasper as Detailed Defense CounselThomas (Tom) Jasper
Military Commissions Trial Judiciary, Guantanamo Bay, Cuba. Notice of the Chief Defense Counsel's detailing of LtCol Thomas F. Jasper, Jr. USMC, as Detailed Defense Counsel for Abd Al Hadi Al-Iraqi on 6 August 2014 in the case of United States v. Hadi al Iraqi (10026)
A "File Trademark" is a legal term referring to the registration of a unique symbol, logo, or name used to identify and distinguish products or services. This process provides legal protection, granting exclusive rights to the trademark owner, and helps prevent unauthorized use by competitors.
Visit Now: https://www.tumblr.com/trademark-quick/751620857551634432/ensure-legal-protection-file-your-trademark-with?source=share
WINDING UP of COMPANY, Modes of DissolutionKHURRAMWALI
Winding up, also known as liquidation, refers to the legal and financial process of dissolving a company. It involves ceasing operations, selling assets, settling debts, and ultimately removing the company from the official business registry.
Here's a breakdown of the key aspects of winding up:
Reasons for Winding Up:
Insolvency: This is the most common reason, where the company cannot pay its debts. Creditors may initiate a compulsory winding up to recover their dues.
Voluntary Closure: The owners may decide to close the company due to reasons like reaching business goals, facing losses, or merging with another company.
Deadlock: If shareholders or directors cannot agree on how to run the company, a court may order a winding up.
Types of Winding Up:
Voluntary Winding Up: This is initiated by the company's shareholders through a resolution passed by a majority vote. There are two main types:
Members' Voluntary Winding Up: The company is solvent (has enough assets to pay off its debts) and shareholders will receive any remaining assets after debts are settled.
Creditors' Voluntary Winding Up: The company is insolvent and creditors will be prioritized in receiving payment from the sale of assets.
Compulsory Winding Up: This is initiated by a court order, typically at the request of creditors, government agencies, or even by the company itself if it's insolvent.
Process of Winding Up:
Appointment of Liquidator: A qualified professional is appointed to oversee the winding-up process. They are responsible for selling assets, paying off debts, and distributing any remaining funds.
Cease Trading: The company stops its regular business operations.
Notification of Creditors: Creditors are informed about the winding up and invited to submit their claims.
Sale of Assets: The company's assets are sold to generate cash to pay off creditors.
Payment of Debts: Creditors are paid according to a set order of priority, with secured creditors receiving payment before unsecured creditors.
Distribution to Shareholders: If there are any remaining funds after all debts are settled, they are distributed to shareholders according to their ownership stake.
Dissolution: Once all claims are settled and distributions made, the company is officially dissolved and removed from the business register.
Impact of Winding Up:
Employees: Employees will likely lose their jobs during the winding-up process.
Creditors: Creditors may not recover their debts in full, especially if the company is insolvent.
Shareholders: Shareholders may not receive any payout if the company's debts exceed its assets.
Winding up is a complex legal and financial process that can have significant consequences for all parties involved. It's important to seek professional legal and financial advice when considering winding up a company.
In 2020, the Ministry of Home Affairs established a committee led by Prof. (Dr.) Ranbir Singh, former Vice Chancellor of National Law University (NLU), Delhi. This committee was tasked with reviewing the three codes of criminal law. The primary objective of the committee was to propose comprehensive reforms to the country’s criminal laws in a manner that is both principled and effective.
The committee’s focus was on ensuring the safety and security of individuals, communities, and the nation as a whole. Throughout its deliberations, the committee aimed to uphold constitutional values such as justice, dignity, and the intrinsic value of each individual. Their goal was to recommend amendments to the criminal laws that align with these values and priorities.
Subsequently, in February, the committee successfully submitted its recommendations regarding amendments to the criminal law. These recommendations are intended to serve as a foundation for enhancing the current legal framework, promoting safety and security, and upholding the constitutional principles of justice, dignity, and the inherent worth of every individual.
Introducing New Government Regulation on Toll Road.pdfAHRP Law Firm
For nearly two decades, Government Regulation Number 15 of 2005 on Toll Roads ("GR No. 15/2005") has served as the cornerstone of toll road legislation. However, with the emergence of various new developments and legal requirements, the Government has enacted Government Regulation Number 23 of 2024 on Toll Roads to replace GR No. 15/2005. This new regulation introduces several provisions impacting toll business entities and toll road users. Find out more out insights about this topic in our Legal Brief publication.
How to Obtain Permanent Residency in the NetherlandsBridgeWest.eu
You can rely on our assistance if you are ready to apply for permanent residency. Find out more at: https://immigration-netherlands.com/obtain-a-permanent-residence-permit-in-the-netherlands/.
Car Accident Injury Do I Have a Case....Knowyourright
Every year, thousands of Minnesotans are injured in car accidents. These injuries can be severe – even life-changing. Under Minnesota law, you can pursue compensation through a personal injury lawsuit.
ALL EYES ON RAFAH BUT WHY Explain more.pdf46adnanshahzad
All eyes on Rafah: But why?. The Rafah border crossing, a crucial point between Egypt and the Gaza Strip, often finds itself at the center of global attention. As we explore the significance of Rafah, we’ll uncover why all eyes are on Rafah and the complexities surrounding this pivotal region.
INTRODUCTION
What makes Rafah so significant that it captures global attention? The phrase ‘All eyes are on Rafah’ resonates not just with those in the region but with people worldwide who recognize its strategic, humanitarian, and political importance. In this guide, we will delve into the factors that make Rafah a focal point for international interest, examining its historical context, humanitarian challenges, and political dimensions.
Responsibilities of the office bearers while registering multi-state cooperat...Finlaw Consultancy Pvt Ltd
Introduction-
The process of register multi-state cooperative society in India is governed by the Multi-State Co-operative Societies Act, 2002. This process requires the office bearers to undertake several crucial responsibilities to ensure compliance with legal and regulatory frameworks. The key office bearers typically include the President, Secretary, and Treasurer, along with other elected members of the managing committee. Their responsibilities encompass administrative, legal, and financial duties essential for the successful registration and operation of the society.
RIGHTS OF VICTIM EDITED PRESENTATION(SAIF JAVED).pptxOmGod1
Victims of crime have a range of rights designed to ensure their protection, support, and participation in the justice system. These rights include the right to be treated with dignity and respect, the right to be informed about the progress of their case, and the right to be heard during legal proceedings. Victims are entitled to protection from intimidation and harm, access to support services such as counseling and medical care, and the right to restitution from the offender. Additionally, many jurisdictions provide victims with the right to participate in parole hearings and the right to privacy to protect their personal information from public disclosure. These rights aim to acknowledge the impact of crime on victims and to provide them with the necessary resources and involvement in the judicial process.
RIGHTS OF VICTIM EDITED PRESENTATION(SAIF JAVED).pptx
Bank audit planning 12.04.20_ca shashi gupta
1. Audit Planning and Documentation (from Peer Reviewer’s point of view)
Speaker:
CA. Shashi Gupta, ICAI Faculty
Discussion Points:
1. BASIC CHALLENGES
2. STANDARDS ON AUDIT – with reference to Bank Branch Audit
3. ICAI Advisory to all Banks / Auditors for Remote Auditing (COVID-19)
2. 1. BASIC CHALLENGES
• Efficient Laptop with Web Cam
• Dedicated Data Stick with sufficient capacity of Data Pack
• Valid DSC
• Email Account
• Smart Phone with Scanning App / Good Camera
• Person (Auditor) to person (Auditee) contact with video camera
• To Exchange of data on email
• Increased risk of compromising on data confidentiality and cyber security - written
detailed standard procedures to all audit staff to ensure that flow of information and
work is happening with minimised information technology risks.
• Skilled / Experienced Audit Staff
• Analysis of data – Analytical Review Procedures – Financial Ratios – Comparison with
Critical values – Significant Variances
• Give running serial number to each observation – send observation – receive comments
– draw conclusions – save record.
• Ensure that data provided is reliable
• Effective System Audit of the Bank Branch
• Scope Limitation in Audit Report (COVID-19) – Appropriate guidelines from ICAI required
3. 2. STANDARDS OF AUDITING
• SA 210 Agreeing the Terms of Audit Engagements:
• Disclosure that bank branch audit is subject to Peer Review.
• SA 230 Documentation:
• Covering all Audit Standards
• SA 250 Consideration of Laws & Regulations:
• Banking Regulation
• RBI Circulars
• GST Provisions
• Income Tax TDS Provisions
• Powers of Branch Manager
• SA 260 - Communication with those charged with governance:
• Audit Requirements
• Auditors Observations & MoC _ Timely sharing with comments
(Proof in writing must)
• SA 315 - Identifying and Assessing the Risk of Material Misstatement
through Understanding the Entity & its Environment:
• CBS System
• Branch Manager Power
• Internal Controls:
• Rotation of Duties
• Joint Custody
• Operation in Inoperative Accounts
• SA 320 Materiality:
• Definition - Misstatements, including omissions, are considered to
be material if they, individually or in the aggregate, could
reasonably be expected to influence the economic decisions of
users taken on the basis of the financial statements
• transactions of a nature not usually undertaken by the
branch
• Circumstances of an exceptional or non–recurring nature
• Debit (Charges) or Credits relating to Prior Years
• Changes in Accounting Policies
• MoC’s ( no small amount )
4. • Matters reported in LFAR
• For Statutory obligations under IT and GST – say any
amount exceeding Rs 100
• SA 500 Audit Evidence:
• Physical Verification:
• Cash, Inward Bills Purchase
• Advances Checked
• MoC – NPA:
• Appraisal Note; Sanction Letter; Ledger Account; Stock
Statements; Audited FS
• SA 505 External Confirmations ( on email or address of Auditor)
• Bank Balance with other banks
• SA 520 Analytical Procedures:
• Comparison of PL / Balance Sheet items
• Ratio Analysis
• SA 530 Sampling:
• All Large accounts. ( Lt. Rs. 2.00 crores or 5% of the Portfolio,
whichever is less )
• Top 10 borrowers by outstanding
• Top 5-10 accounts sanctioned during the year
• Accounts with adverse comments in Concurrent Audit
• Accounts with adverse comments in Last LFAR
• Credit Summations not in correlation with Turnover
• Upgrading of SMA-2 accounts
• List of Irregular accounts in Dec becoming regular in Mar
• Fresh NPAs identified by the Branch
• NPA accounts `upgraded’ to Standard during the year.
• SA 570 Going Concern:
• Substantial operating losses.
• Increasing level of non-performing assets
• High concentration of exposure to certain borrowers or industries
showing credit weakness
• SA 580 Written Representation from Branch Management:
• Provision made in accounts for all known losses and claims of
material amounts.
5. • Provision for non–performing assets, depreciation, provision for
income tax, provision for bonus, gratuity, etc. are made at the
Head Office.
• Financial statements are free of material mis–statements,
including omissions.
• No plans or intentions that may materially affect the carrying
value or classification of assets and liabilities reflected in the
financial statements at amounts other than what stated.
• No irregularities involving management or employees who have a
significant role in the system of internal control that could have a
material effect on the financial statements.
• Branch has not received any notice, show cause, inspection
advice, etc. from Government of India, Reserve Bank of India or
any other monitoring or regulatory authority of India that could
have a material effect on the financial statements of the branch
during the year.
• Reply of management on observations of auditor.
• All Expenses / Losses booked
• Prudential Norms followed (IRAC & Provisioning) including effect
of latest RBI circulars
• No Fraud reported / under knowledge
• All Contingent Liabilities disclosed and none will result in loss
• All returns/reports filed
• SA 700 Auditor’s Report:
• Online Audit Report – Space only for upto 500 words – Physical
report to follow.
• Matters dealt at HO:
• Bonus, Terminal Benefits, Arrears of salary,
• Contractual Obligations
• Interest on Overdue Term Deposits
• Depreciation
• Auditors Fee
• Taxation
• Opinion Para – Read with MoC
• Sufficient & Appropriate `Audit Evidence’ obtained ( SA 500 )
• Reasonable assurance that FS are `free from Material
Misstatement’
6. • `Professional Judgment’ and `Professional Skepticism’:
• In case BG invoked and paid, where amount is debited ?
• For DP – Valuation of stock at Market Price
• For DP – Raw Material received for Job Work, added
• Limit Renewed but no financials on record
• CC Account regularized near balance sheet date with
credits `not’ out of business activity
• Sudden increase in activity in an account
• Entries with no Economic Rational, Relevance
• No Bonafide `reported business purpose’
• Multiple accounts of common holder
• Communication with those charged with governance ( SA 260 )
• Transactions at branch within power of the BM
• Review of Work by Audit Team ( SQC 1)
• UDIN – Two – Tax Audit and Branch Auditors Report
• SA 701 Key Audit Matters ( KAM ):
• Identification of NPA through CBS
• Classification & Prov. through another Application
• Judgment required in estimating provisions
• All depend on data punched in the system
• Limitation aspect on the basis of BC letters on record ( in case of
Term Loan)
• SA 705 Modification in AR:
• MoC
• SA 706 Emphasis of Matter:
• Issues highlighted in LFAR (other than those for which need MoC)
• SQC 1 :
• Ethical Responsibilities ( CA Act )
• CA Act:
• NoC - First Sch., Part 1, Clause 8
• Does not exercise Due Diligence or Grossly
Negligent ( Sec. Schd, Part 1, Cl 7 )
• Fails to obtain Sufficient Information ( Sec. Schd,
Prt 1, Cl 8 )
• Independence - Acceptance of Unusual Hospitality
7. • KYC:
• Understanding the Entity & its Environment ( SA
315 )
• Consideration of Laws & Regulations ( SA 250 )
• Significant Accounting Policies – Pr Published FS
• Branch Orientation - Depositors and Borrowers
• Human Resources
• Engagement Performance
• Monitoring
8. 3. ICAI Advisory
4.
ICAI has issued an advisory for the Bank Branch Auditors for initiating
the process of Statutory Bank Branch Audit remotely to ensure timely
and effective Bank Audit. (15.04.2020)
ILLUSTRATIVE COMMUNICATION SUGGESTED BY PDC, ICAI
3.1 Preliminary records required for verification, which can be shared with us either by
way of email or remote access to cloud data
a) GL / PL / Trial Balance as on 31.03.2019, 30.06.2019, 30.09.2019, 31.12.2019 and 31.03.2020;
b) Advances and Deposits as on 31.03.2019, 30.06.2019, 30.09.2019, 31.12.2019 and 31.03.2020;
c) Status of the web-based (and manual) returns and certifications which are compiled and ready
for audit at your end and copies of the same, including annexure s LFAR, Tax Audit Report, etc.
d) Broad composition of Advances (Commercial & Industrial, Personal segment in terms of no.
of accounts and amount outstanding)
e) Details of the accounts above Rs. 2 crores of exposure;
f) No. of new accounts sanctioned during the financial year 2019-20 (data required is no. of
accounts and amount sanctioned and details of new accounts sanctioned / renewed or enhancement
in limits for accounts. The data should be provided separately for accounts with exposures below
Rs. 2 crores and with exposures above Rs. 2 crores);
g) Jotting of new advances accounts sanctioned, renewed, enhanced during the financial year 2019-
20;
h) Details of all the Exceptional Reports generated through CBS system;
i) NPA report of 2018-19 and 2019-20;
j) Advances report 2018-19 &2019-20
k) List of accounts wherein the deferment of installments / Interest is availed by the borrowers as
per COVID-19 Regulatory package declared by RBI vide its circular dated March 27, 2020
l) List of accounts wherein the MSME Relief was granted vide RBI circular dated January 01,
2019 and Februar y 11, 2020
9. m) SMA reporting all quarter end 30.06.2019, 30.09.2019, 31.12.2019 and 31.03.2020
n) Last year statutory audit report and LFAR
o) Concurrent Audit Reports 2 months along with pending compliances as at March-end
p) Internal audit report (last 2) along with pending compliances as at March-end
q) Forex and other audit reports
r) BG balancing report
s) LC Balancing Report
t) Bill Balancing Report
u) Balance Sheet and P & L / Trial Balance generated from system
v) GL report from 23rd March till 4th April (for the purpose of review of unusual transactions )
w) Status of Contingent Liabilities as per last financials as well as current year contingent liabilities
x) Details of Suits Filed with current status
y) Details of Fraud if any detected and reported
z) Prevention of Money Laundering Act, 2002 (PMLA):
• Cash Transactions Reporting (CTR)
• Counterfeit Currency Reporting (CCR)
• Suspicious Transaction Reporting
aa ) RBI Annual Financial Inspection (AFI) Observation w.r.t. branch
bb) In case of Forex transactions:
1. Export bills outstanding more than one-year report
2. Export Advance outstanding more than one year
3. Import Advance outstanding more than one year
4. Outstanding merchant trading transact ions and it's status
5. Outstanding Bills of Exchange (BOE) more than one year
3.2 We will require following basic documents ready when our audit team visits the branch:
10. a) Last two Statutory Audit reports (FY: 2017-18 and 2018-19) along with all annexure,
certificates, Tax Audit Report and LFAR along with compliance report thereof
b) Following reports for the audits conducted during the FY: 2019 -20:
a. Concurrent Audit Reports
b. Internal Inspect ion Report
c. Credit Audit Reports
d. Stock Audit Reports
e. RBI Inspect ion Reports
f. Revenue Audit Reports
g. IS / IT / EDP / System Audit Reports
h. Special Audit / Inspect ion Reports
In case if any of the above audit / inspection is not conducted during the FY: 2019-20, kindly make
the last report w.r.t. the same available ;
c) Files (includes document file) of new loans (Above Rs. 2 crores) and enhancements in old loan
accounts with total exposure above Rs. 2 crores
d) Credit Information System (CIS) Data of Feb’20 and Mar’20
e) Statement of Income and Expenditure, Balance Sheet as at March 31, 2020
f) Statement of Depreciation along with vouchers related to additions / deletions including transfer
of assets, if any
g) Movement of NPA and NPA Statement along with the documents supporting security value of
the NPA Accounts
h) Capital Adequacy Returns along with the supporting related to ratings of accounts
i) Details of Letters of Comforts which are outstanding as on March 31, 2020 and details of Letters
of Comforts issued and settled during the financial year along with relevant documents executed
by the customer with bank and details of payment of principal and interest component on Buyer’s
Credit
j) Details of Accounts restructured during the financial year 2019-20 along with working of
sacrifice
k) List of Accounts, if any, wherein the bank is holding any security issued by the borrower in
Treasury Department of the bank and status of the said security (PA / NPA)
11. l) System generated Overdue Report of borrowers as at 31.03.2019, 30.06.2019, 30.09.2019,
31.12.2019 and 31.03.2020 duly authenticated
m) Details of Adjusting Entries passed for yearly closing of 31.03.20 20
n) System generated NPA marking report (specifying the accounts which are considered as NPA
by the automated NPA marking mechanism) as at 31.03.2019, 30.06.2019, 30.09.2019, 31.12.2019
and 31.03.2020
o) System-generated CIS related Audit Trail related only to (i) revocation of NPA status, (ii)
changes made in limit master, (iii) changes made in date of expiry of loan for the period
01.03.201 9 to 31.03.2020
p) Details of Overdue Time Deposits , if any
q) Details of inoperative (dormant) accounts with details of date from which the account is
marked as dormant
r) If the branch has been designated for gold demonetization scheme, the details of the gold
demonetized
Name of the officer of the bank nominated by the branch for compiling the above-mentioned
requirements related to annual audit
THANK YOU