Income Recognition and Asset Classification (IRAC) norms issued by RBI govern how banks classify loans as Standard, Sub-Standard, Doubtful, or Loss assets and make provisions accordingly.

Long Form Audit Report (LFAR) is a detailed report submitted by branch auditors to the central statutory auditors covering advances, deposits, internal controls, and compliance with RBI guidelines.

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Statutory AuditBank Audit

Bank Branch Audit

Statutory audit of bank branches as per RBI guidelines, LFAR (Long Form Audit Report), and banking regulations. Conducted under Section 143 of the Companies Act 2013 and RBI guidelines.

Starting from

₹19,999

Exclusive of GST

State pricing

5 days

Estimated delivery

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10,000+ Clients

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What's Included

Advances Portfolio Review

NPA Classification Verification

LFAR Preparation

Branch Audit Report

How It Works

Advances Review

Review loan accounts, assess NPA classification per RBI Master Circular on Income Recognition and Asset Classification (IRAC norms).

Deposits Verification

Verify deposit accounts, interest calculations, and KYC compliance.

LFAR Preparation

Prepare Long Form Audit Report (LFAR) as per RBI guidelines covering all prescribed areas.

Branch Audit Report

Issue branch audit report with observations on financial statements and compliance.

Documents Required

Branch trial balanceRequired

Advances portfolio with classificationRequired

NPA list with provision detailsRequired

Concurrent audit reports for the yearRequired

Frequently Asked Questions

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