LFAR Reporting of Advances and Large Advances | Practical Examples for Bank Branch Audit
LFAR Reporting of Advances and Large Advances | Practical Examples for Bank Branch Audit discussed by CA. Vivek Khurana. #bankbranchaudit #lfar #bankaudit2026 #statutoryaudit #AdvancesAudit #LargeAdvances #BankBranchStatutoryAudit #casansaar #LFARReporting #bankaudit In this video, we discuss one of the most important practical areas of Bank Branch Audit — reporting of advances and large advances in LFAR. Many auditors face confusion on: what is meant by large advances how to calculate the threshold whether all accounts are to be checked in detail what to do when no account falls under large advance criteria how to report advances in LFAR with practical examples In this video, I have explained the concept in a simple and practical manner with branch-level examples, including situations where: total advances of the branch are limited no account qualifies as a large advance one or more accounts exceed the threshold sample checking vs detailed checking becomes relevant This discussion will be very useful for: Chartered Accountants Bank Branch Auditors Audit Assistants Article Assistants CA Final Students Professionals handling LFAR reporting Watch till the end for practical clarity on this important topic of Bank Branch Statutory Audit 2026. For more practical updates on Bank Branch Audit, LFAR, RBI guidelines, audit documentation, advances, NPA, provisioning and reporting, subscribe to CA Sansaar. DISCLAIMER :- This Video is for the purposes of information / knowledge and shall not be treated as solicitation in any manner or of for any other purposes whatsoever. It shall not to be used for any legal advice /opinion and shall not to be used to rendering any professional opinion. Viewers are advised to kindly go through to original Government publications / notifications and published case laws or judicial pronouncements. The statements and opinions expressed in video are those of the speaker and do not necessarily reflect those of the CA Sansaar or any of its employees. CASansaar Team does not take any responsibility for the views of the Speaker. Our Social Links - Follow CA Sansaar YouTube / casansaarca Twitter / casansaar Facebook / casansaarca Linkedin / casansaar
