Please post news related to SBA 2017 in this thread.
43 Replies
Suresh
(Learning)
(155 Points)
Replied 16 December 2016
Quantitative details of Statutory Branch Auditors recommended for appointment in Public Sector Banks – 2015-16
Source : RBI
https://auditutilities.blogspot.in/
Suresh
(Learning)
(155 Points)
Replied 16 December 2016
Statewise Statutory Branch Auditors recommended for appointment in Public Sector Banks – 2015-16
Source : RBI
https://auditutilities.blogspot.in/
Suresh
(Learning)
(155 Points)
Replied 25 December 2016
Statutory Bank Branch Audit Appointments for the F.Y 2015-16
Source : RBI
Visit : https://auditutilities.blogspot.in/
SAHIL GUPTA
(CA)
(85 Points)
Replied 06 February 2017
Any update on list received by the banks or not?
SSG
(1936 Points)
Replied 06 February 2017
RBI has come out with the names of Audit Firms approved for appointment as Statutory Central Auditors in 25 Public Sector Banks for the year 2016-17.
SAHIL GUPTA
(CA)
(85 Points)
Replied 21 February 2017
Any update on list forwarded to the banks for branch auditors?
CA Puspendu Sarkar
(Chartered Accountant)
(47 Points)
Replied 22 February 2017
Whether CBI will ask for concent from continuing auditors?
SAURABH KASTURIWALE
(PRACTISING C.A.)
(160 Points)
Replied 22 February 2017
As per the RBI guidelines every bank obtains consent every year from continuing auditors' too. Central bank won't be any different, I guess. In my information most banks do take consents from continuing auditors' too.
SAURABH KASTURIWALE
(PRACTISING C.A.)
(160 Points)
Replied 22 February 2017
As per the RBI guidelines every bank obtains consent every year from continuing auditors' too. Central bank won't be any different, I guess. In my information most banks do take consents from continuing auditors' too.
Ravi Sekar Reddy
(CA)
(62 Points)
Replied 23 February 2017
I hope that they will first start getting consent from continuing auditors as some firms might haven accepted for concurent audit or other assignemts with the same bank or mergred with other firms and not availble for SBA, after this porcess, they will enquire with new auditors for their willingness.
BAJAJ RADHESHYAM NANDKISHORE
(PROPRIETOR)
(100 Points)
Replied 25 February 2017
It is reported that 5 subsidaries will be merged with SBI w.e.f. 1st April 2017. How will statutory audit of all 5 subsidaries will be over by 1st April itself. Have any one idea as to what will happen to statutory branch auditor of these subsidaries and SBI. Kindly explain.
Suresh
(Learning)
(155 Points)
Replied 25 February 2017
Use of Pivot Tables in Bank Audits
With the help of Pivot Tables we can quickly get an overview of the Loans Portfolio. Import the text files obtained from the CBS system into excel and Insert a pivot table.Drag and drop the required fields in the pivot table to get the desired output for further analysis of the data.
Sample Analysis.
Imported Raw Data had a Total Loan Balance of Rs.67,87,60,387 having 1,568 Accounts in Various products.
After Inserting a pivot table we can see that New Construction Housing Loans account for 21.72% of the portfolio Consisting of only 56 Accounts out of Total 1,568 accounts.
CA. N M Poptani
( CA)
(49 Points)
Replied 27 February 2017
What will be the chance of getting Branch Audit, after cooling period of Two years.
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