Bank branch-Long from audit report (LFAR)
Material type: Mixed materialsPublication details: 2014Description: 93-100Subject(s): NLM classification:- 657.45
Item type | Current library | Call number | Vol info | Status | Date due | Barcode | |
---|---|---|---|---|---|---|---|
Periodicals/Magazines | SSCBS Library | 62/8 | Available | P15301 |
In 1985, RBI advised Public Sector Banks to obtain LFAR from the statutory auditors and subsequently made applicable to all banks. The format of Long Form Audit Report as devised by RBI in 1985, was revised in 1992-93 and 2003. Main objective of LFAR is reporting on interna; controls, process and systems of the bank. LFAR is framed by RBI and is in questionnaire form.
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