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Bank Branch Statutory Audit Certain Aspects INDEX Sr. No. Particulars 1 Bank Branch Statutory Audit key areas of verification 2 Income Recognition Asset Classification Norms At a Glance3 Asset Classification
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How to fill out bank branch statutory audit

01
Step 1: Gather all relevant financial documents and records related to the bank branch
02
Step 2: Review the bank's financial statements and reports
03
Step 3: Examine the internal controls and procedures implemented by the branch
04
Step 4: Conduct a thorough examination of cash transactions and reconcile with the bank's records
05
Step 5: Verify the accuracy of loan portfolios and provisions for bad debts
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Step 6: Assess compliance with regulatory requirements and banking laws
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Step 7: Prepare audit reports highlighting any findings or issues
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Step 8: Provide recommendations for improvement and suggest corrective actions

Who needs bank branch statutory audit?

01
Banks and financial institutions that have branches
02
Regulatory agencies overseeing the banking sector
03
Shareholders and investors of the bank
04
Tax authorities and government entities
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