Bank Audit
Quick Reference for Your Business
Statutory & Other Bank Audits โ everything you need to know about Bank Audit.
01
Types of Bank Audit
| Type | What It Covers |
|---|---|
| Statutory branch audit | Annual audit of a bank branch's accounts & advances |
| Concurrent audit | Ongoing, near-real-time checking of transactions |
| Revenue / income audit | Verifies interest, charges and income leakage |
| Stock & credit audit | Verifies borrower security and advances |
02
Key Facts
Appointment
via RBI / bank panels (empanelled CAs)
Focus
on advances, NPAs, provisioning and compliance
Reporting
in the bank's prescribed formats (LFAR etc.)
Timelines
Strict timelines set by the bank / RBI
Note: Bank audits demand accuracy and speed. They centre on classification of advances, NPA provisioning and statutory compliance, reported through formats like the LFAR. We bring the discipline and turnaround these assignments require.
03
Why Banks & Clients Trust M/s Durganjali & Associates
A real, qualified Chartered Accountant
A CA who delivers accurate, on-time bank audit reports in the required formats.
Audits that hold up
Proper working papers and documentation that stand up to regulators, banks and the department.
Deadlines never missed
We track every due date so penalties never catch you off guard.
Clear updates in your language
Simple updates in Telugu and English โ you always know where things stand.
Honest, practical advice
Straight answers you can act on โ no jargon, no overselling.
Talk to a Chartered Accountant
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