BANK BRANCH AUDIT - Analysis of AFS recd for renewals in cc limit borrowers file
*Analysis of AFS recd for renewals in cc limit borrowers file:* 1. Fig. of closing stock n debtors differ as compared to stock n BD submitted. So DP for m/o april, might be availed in excess. 2. Closing Balance of limit on 31.03.2022 not matching wd the bank st. Ask for Reco. 3. Cash in hand is far huge as compared to limit balance. Reason why cash not being deposited into limit account. 4. List of debtors show few parties balances long pending n stuck as compared to last 3-5 yrs. Prudently, No DP to be allowed on debtors o/s for more than 1 yr. Take list of debtors from tally for last 3-5 yrs. 5. Sale as per PL is 5 cr, while routed only 2 cr in limit account. Wt abt 3 cr while bsheet shows no other limit or current account wd other banks? 6. Bsheet shows other current acc. running wd other banks. What was the need to open? Opened before or after limit sanctioned initally. It must be closed immediately. 7. Creditors as on 31.03.2022 are far in excess of balance of closing stock. If g