What is LFAR in terms of Bank Audit ?
2 Replies
CA Manikandan Raghunath
( )
(609 Points)
Replied 13 August 2010
It stands for LONG FORM AUDIT REPORT. .
It is a standard format in which the Audit Report of the bank will be given by the Auditor
Siddharth
(s)
(87 Points)
Replied 14 August 2010
Is it required to be given only by Branch auditors or by Statutory auditor as well....
Please clarify
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