Concurrent Auditors shall henceforth submit their NPA review reports to the
banks and not to Statutory Central Auditors (SCAs). SCAs, for audit purpose
will treat the branches covered by Concurrent Auditors as unaudited.
SCAs, will review top 20 branches and take into account reports of overseas
branches. They will necessarily cover advances adversely commented upon, so
that all problem accounts are taken care of.
The balance portion of stipulated 50% of advances and NPAs, to be covered, will
be reviewed by SCAs through CBS of the banks and management inputs.
Based on RBI
Circular dt 24/9/15. Please visit www.rbi.org.in for any further clarification
if required….. Poppy
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