Risk Based Concurrent Audit: Daily Report

Name & Address of CA GOPAL SHARMA & CO.

1-B FIRST FLOOR, GANAPATH APT 91 ND MAIN DEFENCE COLONY
Tel. & Cell No. INDIRA NAGAR BENGALURU KARNATAKA 560038
9928762452

Name of the Branch Shantinagar Branch

SOL ID 7396
ALPHA Code VHSHAN
Region / Zone BANGALORE CENTRAL
Date of Audit 02/12/2022
Date of Reporting 03/12/2022

A : Summary of A/c Open & Close :

Sr. No. GL Head Open Close
1. Saving Account 3 0
2. Current Account 0 0
3. Term Deposit 0 0
4. Loan Account 3 2
5. Letter of Credit 0 0
6. Bank Guarantee 0 0
7. Any other (Bill Discounting) 0 0

Observation of Concurrent Auditor :

Sr. No Description Yes/ No/ Comments
NA
1 Whether correct scheme/ Activity/ Purpose/ Yes
KYC Detail / Rate of Interest etc fed in
system while opening of accounts
2 Whether foreclosure charges/ dues etc Yes
recovered in case of term loan [If in
sanction] while closing the account
Any other observation / deviation observed by Concurrent Auditor:

B. Review of newly opened SB / CA / TDR / Deposit Accounts (Sample Size - 100 %):
Observation of Concurrent Auditor :

A/c No. Name of Date of Channel If Opened Applic KYC Commen

A/c Holder Openin (RLBO/ by Branch ant Compli ts
g TABIT/ (RMENU Photo ed
BC/ Obtained Affixed Yes /
VCIP/ from RO on No
BRANC Yes/No/NA) Applic
H) ation
Form
(Yes/
No/
NA)
01/16560 Mannilal 02/12/22 Branch Yes Yes Yes Seal and
Yadav signature
of branch
missing

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01/16561 Prem 02/12/22 Branch Yes Yes Yes Nil
Kumar S
01/16562 S 02/12/22 Branch Yes Yes Yes Nil
Pavadhara
ni

Observation of Concurrent Auditor :

Sr. No Description Yes/ No/ Comments
NA
1 Weather Preferential ROI in Term Deposit Y Nil
has approval from appropriate authority
Any other observation / deviation observed by Concurrent Auditor:

C. : Generation and checking of daily control reports & volume : Observation of

Concurrent Auditor :

Sr. Generation of Control Report Report Report No. of

No. Generated Checked transaction
(Yes/ No) (Yes/ No) appearing
in report
1) General Supplementary (SUPPLE) Y Y -
2) Cash Book (DAYBOOK) Y Y 88
3) Exceptional Transaction Report Y Y 18
(HEXCPRPT)
4) Inter Sol Transaction report (BOBMENU) Y Y 18
5) Off Sol Transaction Report Y Y 3
6) Change of Mobile no. (CUSTMOB) report Y Y 2
7) Transaction in new accounts (NEWACTR Y Y 3
Report)
8) Excess / TOD Report Y Y 12

Observation of Concurrent Auditor :

Sr. No Description Yes/ No/ Comments
NA
1 Whether reports signed by Joint Y
Manager & Branch Manager
2 Whether reports filed and kept on record Y
Other observation, if any:

D. Review of transactions : (Minimum Sample – Above 25 Lacs – 100 %, Above 10

Lacs up to 25 Lacs – 10 %, Above 1 Lac up to 10 Lacs – 5 %, Up to 1 lac :
Substantial coverage as decided by Auditor) : Observation of Concurrent Auditor :

Total volume of transactions:

Value of Transaction Total Transaction Sample Selected
Above 25 Lacs – 100 % 9 9
Above 10 Lacs up to 25 Lacs – 10 % 31 5
Above 1 Lac up to 10 Lacs – 5 % 105 6
Up to 1 lac : Substantial coverage as decided by
Auditor
Total 145 20

Observation of Concurrent Auditor :

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Transaction Date Amount Maker / Checker Comments
no.

Observation of Concurrent Auditor :

Sr. No Description Yes/ No/ Comments
NA
1 Whether Voucher/ Cheque duly signed by Y
Customer and Authorized by Branch
Officials
2 Whether All Cheques Rs.10000/- and above Y
(For Cash Payment), Rs.50000/- and above
(For transfer) examined through UV
Machines
3 Whether Confirmation obtained from base Y
branch for cheques with amount of Rs.2 lac
& above, in case debit account pertains to
other branch
4 Whether PAN/Form 60 obtained, in case of Y
Cash receipt of Rs.50000 and above
5 Whether confirmation sought from the Y
customer in case of transfer / Clearing
cheque paid amounting to Rs. 2 lac &
Above
Any other observation / deviation observed by Concurrent Auditor:

E. Review of non-financial transactions, Account Modification, Customer Modification

(Sample – 100 % of transactions reflected under report generated from system -
AUDITRPT, CUSTMOB, Dormant to Active, : Observation of Concurrent Auditor :

Total volume of non-financial transactions :

Account No. / Date Maker / Checker Observation of
Customer ID Concurrent Auditor

Observation of Concurrent Auditor :

Sr. No Description Yes/ No/ Comments
NA
Dormant to Active & Mobile Number Updation/ Change:-
1 Whether application form duly signed by Y
customer & Authorized by Branch Head
2 Whether latest Photograph of applicant Y
affixed on Application form
3 Whether KYC documents obtained and Y
verified by branch official
Any other Modification in A/cs:-
4 Whether request letter/ application duly Y
signed by customer obtained / underlying
sanction/ documents available on record.
5 Whether supporting documents for Y
modification obtained or not, if applicable
6 Modification charges recovered, if

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 applicable
7 Amount of Short recovery detected Rs. ____

F. Review of transaction under top 20 Advance Accounts – Coverage - 100 % ):

Observation of Concurrent Auditor :

A/c No. Name of Total O/s Balance Overdue Observation of

Borrower Exposure Concurrent
Auditor

Add row if required

Observation of Concurrent Auditor :
Sr. No Description Yes/ No/ Comments
NA
1 Whether payments/ receipts in advance
accounts are in line of activity/Supplier
2 Whether Turnover in the account is in line
with projected sales
3 Whether Cheque/ECS Mandate returned
due to financial reason
4 Whether repayment of Term / Demand
Loan is regular
Any other observation / deviation observed by Concurrent Auditor:

G. Examination of internal control / review of all activity of Branch operation :

Observation of Concurrent Auditor :

Sr. No. Activity Observation of Concurrent

Auditor
1. Operation in Sensitive Accounts Nil
2. Operation in Internal account / Office Nil
Account
3. P/L Expenses Nil
4. Cash Management Cash limit, exceed by 12,12,079rs

5. Alternate delivery Channel Nil

6. Any other activity Nil

Observation of Concurrent Auditor :

Sr. No Description Yes/ No/ Comments
NA
1 Whether unusual transaction observed in No
Sensitive/ Internal/ Office accounts
2 Whether amount outstanding since long in No
Sensitive/ Internal/ Office accounts
3 Whether transaction in P/L Expenses Yes
Accounts are as per DAP
4 Whether balance under Cash in Hand is Yes
below Cash Retention Limit
5 Whether Application Form/ Request Letter Yes
obtained for issuing ATM Card/ Internet

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 Banking/ Mobile Banking/ Cheque Book &
Properly filed & Preserved
6 Whether surprise cash checking is being Yes
done by the BH once a week
7 Whether all Sensitive/ Internal/ Office Yes
accounts are reconciled as on date.

Observation of Concurrent Auditor :

Sr. No Description Yes/ No/ Comments
NA
1. Death Claims No
2. Security Arrangement in the branch Yes
3. Security Officer Visit in the Branch Yes
4. Whether observations made in Security Officer Yes
Visit report are rectified.
Any other observation / deviation observed by Concurrent Auditor:

H. List of Accounts in which short recovery detected:

A/c No. Name of the A/cs Limit Short Recovery Reason
Sanctioned Detected

Observation of Concurrent Auditor :

Sr. No Description Yes/ No/ Comments
NA
1 Process/ Review/ Inspection Charges Yes
Recovered
2 Modification/ Issuing of statement/ Other Yes
Charges Recovered
3 Rate of Interest applied in advance Yes
accounts as per sanction (Account Level
Preferential credit spread)

I. Pending issue and Spot rectification / closure of open observation :

Total Open Issue – Issue added Cumulative Issue Rectified Total Pending
Previous Date today open Issue (Spot Issue
Rectification)*
by Branch
4 4 0
*Spot Rectification should be between 75 % to 100 % everyday

(Signature)
Br. Manager (Signature)
Audit Assistant

RBCA Daily Report Version III w.e.f. 01-7-2022