The Institute of Chartered Accountants of India (ICAI) has recently unveiled the 2024 Edition of the Excel Utility for Bank Branch Audit. This utility is designed to provide a detailed assessment of a branch’s operational, financial, and control systems, ensuring they comply with pertinent legislation, regulations, and industry norms. After the Statutory Branch Auditor (SBA) is selected, they undertake audit planning with the guidance of the Statutory Bank Auditor.

The Excel Utility, developed to make the audit process more efficient, precise, and standardized, is compatible with Microsoft Excel. It has been developed by the ICAI’s Centre for Audit Quality with the aim to assist members in carrying out Bank Branch Audits with enhanced efficiency.

The 2024 Edition of this utility is available through filling out a Google Form on the ICAI’s official website, specifically on the Centre for Audit Quality Directorate page: https://docs.google.com/forms/d/e/1FAIpQLSdptHNhf6Im6UMAwDaF_7J2UuZBT9M4cOXOdhsqoXuFC1jNTw/viewform