Bank Branch Audit Report Format and Guidance on Reporting on MoCs in Bank Branch Audit Reports
This is to inform you all regarding 2013 Guidance Note on Audit of Banks as also reporting in respect of total number and amounts of debits/ credits pursuant to Memorandum of Changes issued by the bank branch auditors and reporting thereof under the “Other Matters” Paragraph in the bank branch audit report.
In the above context, I wish to draw your attention to the fact that guidance in respect of the aforementioned matter has been included in paragraph 3.44 of Chapter 3, Accounting and Auditing Framework of Part – I of the Guidance Note. Further, an illustrative format of bank branch audit report (also containing illustrative reporting on the aforementioned aspect of MoCs) has been made part of the Appendices to 2013 Guidance Note on Audit of Banks. The complete text of the Guidance Note is available on ICAI’s website www.icai.org under URL http://22.214.171.124/29410aasb19021.pdf and can be downloaded free of cost from there. For your ready reference, however, the said illustrative bank branch audit report format is also attached with this mail.
CA. ABHIJIT BANDYOPADHYAY
Chairman, Auditing & Assurance Standards Board