ICAI forms Expert Panel for Addressing Bank Branch Audit Related Queries

The Institute of Chartered Accountants of India ( ICAI ) has constituted an expert panel for addressing Bank Branch Audit – related queries for the financial year 2017-18.

“With a view to support our members for fast resolution of such queries, the Auditing and Assurance Standards Board (AASB) is pleased to offer an Online support to our members from April 1st, 2018 till April 15th, 2018 for the bank branch audits for the year ended 31st March 2018. The queries can be sent at bankauditfaq@icai.in,” the ICAI said.

The Institute specifically informed the members that the views expressed by the experts would be their personal views and not necessarily the views of the Auditing and Assurance Standards Board (AASB) or the Institute of Chartered Accountants of India.

“AASB, ICAI or the members of the Panel, do not accept any responsibility for actions taken by the querists based on such advice,” it said.

The Institute further advised the members to:

• Be brief but provide full information and facts.
• Not to mention the name of the Bank or Branch or the name of the Borrower or depositor to avoid the problem of violation of client confidentiality requirements under the ICAI Code of Ethics.
• Avoid rejoinders.
• Not to send the same query twice.
• Draft the report on your own.
• Use own judgment