LONG FORM AUDIT REPORT.

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Presentation transcript:

LONG FORM AUDIT REPORT

COMPONENTS OF LFAR ASSET LIABLITY PROFIT AND LOSS ACCOUNT GENERAL

CASH MANAGEMENT MAINTENANCE AT CRL INSURANCE COVER SURPRISE VERIFICATION BALANCE WITH RBI/SBI/PSB

INVESTMENTS ASPECTS ANY INVESTMENT MAINTAINED BY THE BRANCH ON BEHALF OF THE BANK HO PHYSICAL VERIFICATION OF SUCH ASSETS INCOME GENERATED ON SUCH INVESTMENTS WHETHER DULY ACCOUNTED ANY MATURED INVESTMENTS ANY INVESTMENTS IN UPCOUNTRIES

ADVANCES ADVERSE FEATURES /DEFICIENCIES TO BE QUALIFIED IN TERMS OF ADVANCES OVER RS.2 CR

CREDIT APPRAISAL SANCTIONS AND DISBURSEMENTS DOCUMENTATIONS REVIEW AND RENEWAL CLASSIFICATION OF ASSETS-NPA MANAGEMENT

NON PERFORMING ASSETS CLASSIFICATION OF ASSETS LEGAL ACTION APPROVED NOT IMPLEMENTED DICGC CLAIMS VALUATION OF SECURITIES ONE TIME SETTLEMENT –RECOVERY POLICY

OTHER ASSETS STATIONERY ITMES & STAMPS SUSPENSE ENTRIES- WHETHER QUALIFY FOR PROVISIONING

LIABLITIES DEPOSITS BILLS PAYABLE CONTIGENET LIABLITY

DEPOSITS INOPERATIVE ACCOUNTS MOVEMENT OF DEPOSITS DURING AUDIT PERIOD OVERDUE DEPOSITS

BILLS PAYABLE AND CONTIGENT LIABLITY AGE OF BILLS PAYABLE UNUSUAL CREDIT/DEBIT ENTRY OTHER THAN BG/LC ANY NEW ITEMS

PROFIT AND LOSS ACCOUNTS INTEREST CALCULATIONS –RANDOM VERIFICATION INCOME RECOGNITION NORMS EXCESS OR SHORT CALCULATION ACCURED INTEREST WHETHER CALCULATED DIVERGENT TREND IN DEPOSITS

GENERAL REPORTS BOOKS AND RECORDS COMPUTERISED BRANCHES HARD COPIES PRINTOUT EXTEND OF COMPUTERISATION SECURITY COVERAGE BACK UP MAINTENANCE ANY OTHER SUGGESTION

GENRERAL REPORT (CONTD) RECONCILATION OF GL TO SUB GL INTERBRANCH TRANSACTIONS AUDIT AND RBIA REPORTS FRAUDS REPORTING MISCELLANEOUS – WINDOW DRESSING , CAPITAL ASSET MAINTENANCE

SPECIALISED BRANCH DEALING BRANCH INSPECTION REPORT PROPER CONTROL ON FEX DEPOSITS, ADVANCES, EXPORT BILL, COLLECTION BILLS NOSTRO ACCOUNT- NO OF ACCOUNTS, CONFIRMATION OF BALANCE, RECONCILATION