DEAR PROFESSIONAL COLLEAGUE.
As all of us face tough unprecedented challenges due to lockdown, the biggest hurdle is there when the branch and auditor are not located in the same city. The roads, trains and airlines are not working and the audit commencement is the biggest task, so physical moments for conducting bank branch statutory audits is not possible, thus the need of the time is to execute assignments remotely by maximum data/information available through online to ensure that our audit process is effectively initiated and concluded.
As of now mostly bank issued allotments to the auditor to start and complete the audit within a period of around one week. In some bank continuously follow up are also started to auditor to complete the assignment within allotted time, resulting in creates pressure to auditor to complete the assignments.
Even if the branch and auditor are in the same location, completing the audit in qualitatively way within a period of around one week is very difficult.
Now it is our onerous duty & professional responsibility to do work in such a way to ensure that our audit process is effectively initiated and concluded, as we all chartered accountants are partner in national building and we always believes in problem solving in any situation, and I am very positive that we will able to keep CA as “Alphabets of Trust” in tough time and situation.