[aaykarbhavan] Fw: {Amresh's CA's} Re: Smart CA #10 - Bank Audit Working Paper

Once again attached.

C A Shah D J

USA

----- Forwarded Message -----
From: Sasikala R <sasicacwa@gmail.com>
To: ICAI Meerut <ICAI_CIRC_MEERUT_CA@yahoogroups.com>
Sent: Saturday, 30 March 2013 10:41 AM
Subject: Re: {Amresh's CA's} Re: Smart CA #10 - Bank Audit Working Paper [1 Attachment]

 

Dear all,

One more useful PPT on Bank audits by SIRC Vice Chairman CA P.R.Suresh and CA.Sripriya Kumar.

Best Regards,

CA.Sasikala Ravivenkatesan

On Fri, Mar 29, 2013 at 8:27 PM, Sasikala R <sasicacwa@gmail.com> wrote:

 

[Attachment(s) from Sasikala R included below]

Sure sir.

Please try downloading it now.

All the best.

Best Regards,

CA.Sasikala Ravivenkatesan

On Fri, Mar 29, 2013 at 8:17 PM, Sanjeev Bedi <sanjeevbedi2001@yahoo.com> wrote:

 

Can't download the attachment, Ma'm. It begins to download alright, but then it seems it runs out of gas.

 

Do you mind reposting it?

 

If you've got something else on bank audit to share with the group, please post up that as well.

 

Romba Nandri and Vanakkam,

 

Sanjeev Bedi

--- In ICAI_CIRC_MEERUT_CA@yahoogroups.com, Sasikala R <sasicacwa@...> wrote:
>
> Dear all,
>
> This is a really useful bank audit template from a Southern India Regional
> Council member, and, a very close friend of mine, CA Sripriya Kumar.
> Please write to her if you need the word format for ready use. Her id is
> Sripriya@...
>
>
> ****
>
> ****
>
> Dear Professional Colleague ****
>
> Welcome to the next Smart CA edition. This is March and it had to be a
> Bank Audit Related Update. I have attempted to create an integrated work
> paper template to document the entire bank audit process. Given the size
> limitation of the file, I have enclosed part 1 of the work paper in this
> message. *Please write to me on sripriya@... for a usable word format
> of the same*****
>
> This model working paper on Audit planning, Audit Program and a template of
> a Working Paper Document file has been designed to assist Small and Medium
> Practitioners in the performance and documentation of our Bank Branch audit
> engagements and to enable Peer review processes****
>
> There are 2 key risks associated with Bank Audits. One, the Audit risk that
> a material misstatement could go undetected and two, a professional risk
> which may arise due to non-performance of appropriate and relevant audit
> procedures or maintenance of working papers to demonstrate the work done.
> This Standard template of work paper document will minimise, if not
> eliminate such risks ****
>
> This is intended to ensure process standardization that will assure a base
> line quality in the work we do as well as *Common Minimum Standard* that we
> will be able to display as a profession to mitigate the above risks. This
> is an *indicative* document that helps us to approach the work we do on a
> Top down basis as well as to ensure that we comprehensively cover and
> document the engagement correctly and consistently. User discretion is
> recommended to modify this document to suit the needs to the entity you are
> auditing****
>
> There is a tremendous amount of published data on Bank Branch Audits and I
> have merely attempted to consolidate and compile some of this into an
> integrated template. This is my personal view and does not necessarily
> reflect all Best Practices in Audit Planning and Work Paper Management that
> are unique to every practicing professional. ****
>
> This document will also enable an acceptable level of documentation for
> Peer Reviews whose key expectation in a Bank Audit Peer review process
> would be the ability of the working papers to demonstrate adequate work
> done to ensure :****
>
> -Financial statements being true and fair and free from material
> misrepresentations -****
>
> -Compliance with RBI norms including master and other circulars****
>
> · -Compliance with relevant Accounting Standards as relevant to
> Bank Branches****
>
> · -Compliance with Audit, Review and Other Standards of the ICAI
> as relevant ****
>
> One of the key changes in reporting as compared to the previous year is the
> introduction of a new reporting format in line with SA700, SA705 and
> SA706. In addition to this we are required to provide data on the number
> and value of Memorandum of Changes proposed by us on the face of the Main
> Audit Report, a measurable output of the branch audit exercise.****
>
> *This entire document may be printed at the end of the audit and working
> papers be organised and cross referenced in the respective sections for
> user and reviewer convenience*****
>
> CA Sripriya K ****
>
> ****
>
> Unsubscribe<http://www.dandora.com/index.php?data=f367695f6f665g3a675c6d6d675c6366245c5e6e6369683a6d6f5d6d5e6c635d5g24696a5g6c5c6e6369683a6f686d6f5ed6d5e6c635d5g246f6d5g6c635f3a2e246f6d5g6c675c6366635f3a31323032245c5f5f5d65635f3a323234302e30349a>
> ****
>
> Report Spam<http://www.dandora.com/index.php?data=f367695f6f665g3a675c6d6d675c6366245c5e6e6369683a6d6a5c6724696a5g6c5c6e6369683a6d6a5c6e7246f6d5g6c635f3a2e246f6d5g6c675c6366635f3a31323032245c5f5f5d65635f3a323234302e30349a>
> ****
>
> ****
>
> ****
>
> ****
>
>
> Best Regards,
> CA.Sasikala Ravivenkatesan
>

--
Best Regards,
CA.Sasikala Ravivenkatesan

--
Best Regards,
CA.Sasikala Ravivenkatesan

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