Miscellaneous
(i) Does the examination of the accounts indicate possible window dressing?
Compare the aggregate figures as on15th March, 20XX, 31st March, 20XX and last day of audit.
(ii) Does the branch maintains records of all the fixed assets acquired and held by it irrespective of whether the values thereof or depreciation thereon have been centralised? Where documents of title in relation to branch or other branches are available at the branch, whether the same have been verified.
Refer the guidelines issued by Head Office in this regard.
Whether, such guidelines are followed strictly.
(iii) Are there any other matters, which you as a branch auditor would like to bring to the notice of the Management or the Central Statutory Auditors?
Instances are given as under
System related issues
Issues relating to Statutory Payments and Accrual of Statutory Liabilities
Short / Excess Provisioning in NPA Accounts / Non Provisioning for SMA2 Accounts
Compliance with the requirements of RBI and Head Office instructions for Unhedged Foreign Currency Exposure
ATM related issues
Whether AMC’s terms are followed strictly
Security related issues.
Issues which may impact other Branches and not just the branch under audit –
For XYZ and Co.
Chartered Accountants
Firm’s Registration Number
Signature
(Name of the Member Signing the Audit Report)
(Designation)
Membership Number
Place of Signature:
Date: