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LFAR Compliance by Statutory Central Auditors in a Banking Company

Fema / RBI : A summary of the revised RBI-mandated Long Form Audit Report (LFAR) for Statutory Central Auditors (SCAs), covering key clauses, r...

September 3, 2025 801 Views 0 comment Print

Bank Audit: LFAR Advances Section – Clause by Clause Technical Analysis

CA, CS, CMA : A technical analysis of the LFAR Advances section for bank audits. It explains key clauses on credit appraisal, documentation, pro...

September 2, 2025 591 Views 0 comment Print

Audit Manual for 2024-25: Formats & Updates

CA, CS, CMA : Comprehensive Audit Manual for SMEs FY 2024-25 covers CARO 2020 changes, Schedule III revisions, and accounting standards with edi...

May 14, 2025 89091 Views 0 comment Print

Bank Branch Audit 2024-25: Key Areas & Compliance Checklist

CA, CS, CMA : Key areas for Bank Branch Audit 2024-25, covering statutory reports, loan audits, NPA guidelines, compliance, cyber fraud impacts,...

March 25, 2025 22044 Views 1 comment Print

Statutory Bank Branch Audit: Key Practices & Compliance

Fema / RBI : A guide to statutory bank branch audits covering compliance, risk-based auditing, expectation gaps, and the evolving role of audit...

March 10, 2025 3135 Views 0 comment Print


Latest News


UDIN for Bank Audit: Guidelines & Requirements

CA, CS, CMA : Understand UDIN requirements for Bank Audit including LFAR, Certificates, and Tax Audit Reports. Learn how to generate UDINs and c...

April 5, 2025 5526 Views 0 comment Print

Expert panel formed to address statutory bank branch audits queries

CA, CS, CMA : ICAI's AASB launches online expert panel for bank branch audit queries. Get guidance on RBI guidelines from April 1-15, 2025....

April 1, 2025 5137 Views 0 comment Print

ICAI Guidance Note on Audit of Banks (2025 Edition)

CA, CS, CMA : Explore the 2025 edition of ICAI's Guidance Note on Audit of Banks. Includes sections on RBI Master Circulars, Master Directions, ...

February 18, 2025 66810 Views 0 comment Print

Exposure Draft of Guidance Note on Audit of Banks, 2025 edition

CA, CS, CMA : ICAI invites public comments on the Exposure Draft for the Audit of Banks Guidance Note (2025 Edition). Submit by February 5, 2025...

January 25, 2025 8886 Views 0 comment Print

Key Issues in Asset Classification for Urban Cooperative Banks in FY 2022-23

Fema / RBI : RBI identifies major reasons for asset classification divergence in UCBs, including improper provisioning, NPA mismanagement, and ...

August 22, 2024 618 Views 0 comment Print


Latest Judiciary


Kolkata HC stays removal of erstwhile Auditors of Allahabad Bank

CA, CS, CMA : It is the case of the petitioners that they have been appointed as Statutory Branch Auditors by the erstwhile Allahabad Bank, whic...

March 31, 2021 8130 Views 1 comment Print


Latest Notifications


RBI Guidelines: Statutory Auditor Appointment for Co-op Banks

Fema / RBI : Explore RBI guidelines effective from April 1, 2024, on Statutory Auditor appointment for State and Central Co-operative Banks. Ke...

January 15, 2024 27345 Views 0 comment Print

Guidelines on Statutory Branch Audit of Public Sector Banks

Fema / RBI : Source- Unconfirmed and based on File Received from Social Media Revised RBI Guidelines for Appointment / Re-appointment of Statut...

March 6, 2023 73245 Views 2 comments Print

RBI increases Fees for Bank audit from FY 2022-23

Fema / RBI : RBI increases remuneration payable to Statutory Central Auditors (SCAs) & Branch Auditors (SBAs) of Nationalised Banks (NBs) from...

March 1, 2023 207900 Views 0 comment Print

RBI issues Guidelines for Appointment of Statutory Auditors

Fema / RBI : Issue of Guidelines for Appointment of Statutory Central Auditors (SCAs)/Statutory Auditors (SAs) of Commercial Banks (excluding R...

April 27, 2021 17034 Views 0 comment Print

RBI Guidelines for Appointment of Statutory Auditors – FAQs

Fema / RBI : As per Para 6.4, whether the time gap of one year between any non-audit works by the SCAs/SAs for the Entities or any audit/non-au...

April 27, 2021 2682 Views 0 comment Print


Latest Posts in bank audit

LFAR Compliance by Statutory Central Auditors in a Banking Company

September 3, 2025 801 Views 0 comment Print

A summary of the revised RBI-mandated Long Form Audit Report (LFAR) for Statutory Central Auditors (SCAs), covering key clauses, risks, and compliance standards for banks in India.

Bank Audit: LFAR Advances Section – Clause by Clause Technical Analysis

September 2, 2025 591 Views 0 comment Print

A technical analysis of the LFAR Advances section for bank audits. It explains key clauses on credit appraisal, documentation, provisioning, and risk management.

Audit Manual for 2024-25: Formats & Updates

May 14, 2025 89091 Views 0 comment Print

Comprehensive Audit Manual for SMEs FY 2024-25 covers CARO 2020 changes, Schedule III revisions, and accounting standards with editable formats for compliance.

UDIN for Bank Audit: Guidelines & Requirements

April 5, 2025 5526 Views 0 comment Print

Understand UDIN requirements for Bank Audit including LFAR, Certificates, and Tax Audit Reports. Learn how to generate UDINs and comply with audit regulations efficiently.

Expert panel formed to address statutory bank branch audits queries

April 1, 2025 5137 Views 0 comment Print

ICAI’s AASB launches online expert panel for bank branch audit queries. Get guidance on RBI guidelines from April 1-15, 2025.

Bank Audit Manual 2024-25 with editable formats

March 25, 2025 11331 Views 1 comment Print

Bank Audit Manual 2024-25 with editable Excel formats. Explore key updates, Break Even Date for NPA, LFAR key checks, Bank Audit Report Format and crucial audit checks for a comprehensive understanding of bank auditing.

Bank Branch Audit 2024-25: Key Areas & Compliance Checklist

March 25, 2025 22044 Views 1 comment Print

Key areas for Bank Branch Audit 2024-25, covering statutory reports, loan audits, NPA guidelines, compliance, cyber fraud impacts, and financial reconciliations.

Statutory Bank Branch Audit: Key Practices & Compliance

March 10, 2025 3135 Views 0 comment Print

A guide to statutory bank branch audits covering compliance, risk-based auditing, expectation gaps, and the evolving role of auditors in financial oversight.

ICAI Guidance Note on Audit of Banks (2025 Edition)

February 18, 2025 66810 Views 0 comment Print

Explore the 2025 edition of ICAI’s Guidance Note on Audit of Banks. Includes sections on RBI Master Circulars, Master Directions, and relevant notifications.

Exposure Draft of Guidance Note on Audit of Banks, 2025 edition

January 25, 2025 8886 Views 0 comment Print

ICAI invites public comments on the Exposure Draft for the Audit of Banks Guidance Note (2025 Edition). Submit by February 5, 2025.

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