Branch Statutory Audit (BSA) & Central Statutory Audit (CSA)
Branch Statutory Audit (BSA) & Central Statutory Audit (CSA)
Branch Statutory Audit (BSA) and Central Statutory Audit (CSA) are critical for ensuring accuracy, regulatory compliance, and robust internal control systems in banks and financial institutions. These audits evaluate the operational and financial integrity of branches and the central office, helping to identify gaps and mitigate risks effectively.
Our services provide comprehensive audit coverage of both branch and central operations, ensuring compliance with statutory requirements, regulatory guidelines, and internal policies. This strengthens transparency, accountability, and confidence among regulators, management, and stakeholders.
About This Service
Our services include Branch Statutory Audits (BSA), covering branch-level operations, financial statements, internal controls, loan portfolios, deposits, and compliance with statutory and regulatory requirements.
We also conduct Central Statutory Audits (CSA), examining central office operations, consolidated financial statements, inter-branch transactions, treasury activities, and adherence to applicable regulations and accounting standards.
Beyond verification, we provide advisory support on process improvements, internal control enhancements, and regulatory compliance measures to strengthen operational efficiency and governance.
We prepare comprehensive BSA and CSA audit reports summarizing findings, discrepancies, and actionable recommendations. These reports serve as essential tools for management, regulators, and auditors to implement corrective actions and maintain financial and operational integrity.
Key Features / Scope of Work
Branch Statutory Audit (BSA) covering branch-level financial statements, operations, and compliance
Central Statutory Audit (CSA) covering central office operations, treasury, and consolidated financial statements
Review of loans, advances, deposits, and inter-branch transactions
Assessment of internal controls, risk management, and operational efficiency
Identification of discrepancies, errors, or regulatory non-compliance
Advisory on process improvements and strengthening internal control frameworks
Preparation of detailed audit reports with findings, recommendations, and risk assessments
Support to management, auditors, and regulators in decision-making and governance
- Specialized & Bank-Related Audits
- Concurrent Audits (Banks, NBFCs, Financial Institutions, Payment Banks)
- Retail Assets & Retail Liabilities Audit
- Treasury, Forex & Depositories Audits
- KYC (includes Video KYC)/ AML Audits
- Third Party Vendor Audits
- AR Due diligence
- Stock Audits (for Working Capital Financing)
- Revenue & Expense Audits
- Branch Statutory Audit (BSA) & Central Statutory Audit (CSA)
- Audit under RBI/NABARD/CAG Mandates
- Get Trusted Advice
