Brahvex Bank Audit · Bank Branch Audit
Bank branch audit, from the first voucher to the LFAR.
Statutory branch audit with LFAR and MOC, concurrent audit and stock audit of bank branches — for CA firms auditing PSU bank branches.
The problem it solves
Branch audit season compresses weeks of advance-by-advance checking into a few days: IRAC classification, provisioning, drawing power, interest recomputation, the LFAR and the Memorandum of Changes. Today most teams paste core banking exports into Excel, write their own formulas or scripts, and ask a general AI chat tool to help draft the LFAR — which means bank data leaving the firm's control. Brahvex Bank Audit does the arithmetic in a tested rule engine on the firm's own server.
Key capabilities
Statutory branch audit
- Audit programme referenced to RBI guidelines and bank-specific instructions.
- Working papers for advances, deposits, income, expenditure and off-balance-sheet items.
- LFAR with clause-by-clause workings and auto-populated report.
- MOC with supporting schedules.
Concurrent audit
- Daily transaction testing with exception flagging.
- Loan disbursement, KYC and documentation checks.
- Monthly concurrent audit report with observations and management responses.
Stock audit
- Stock and debtors audit programme for working capital accounts.
- Sampling, physical verification and valuation workings.
- Stock audit report with findings and recommendations.
Who it is for
- CA firms appointed as statutory branch auditors of PSU banks
- Firms conducting concurrent audit of bank branches
- Firms conducting stock audit of bank borrowers
Outputs
- LFAR in Word
- MOC with schedules
- Concurrent audit report
- Stock audit report
- Working paper file in Excel
Important: Brahvex Bank Audit supports the audit process. Audit judgements and signed reports remain the responsibility of the statutory auditor.