B ae 3iragigr Bank of Baroda vita [AGS 12.05.2020 Letter to All Zonal Managers & Regional Managers HO: CIAD: Dear Sir, Re. Annual Closing March 2020 — LEAR (Long Form Audit Re We request reference to circular No. BCC:BR:112:177 dated 11.02.2020 issued by Credit Quality & Portfolio Monitoring Department, BCC, Mumbai, in the captioned matter. We trust that the Branches are suitably sensitized for according due attention while attending to the observations of LFAR. Further, it should be the endeavour of all Branches! Regions/ Zones for making advance preparation for audit and on the spot rectitication of all rectfiable irregularities during the course of Statutory Audit itself, [At the cost of repetition, we reiterate that the following timeline given by referred circular dated 11.02.2020 be strictly ensured to comply with the observations of SBA’ SCA in forthcoming LFAR of March 2020: 1@ Period Action tobe | Course of action =| taken by Within 15: days from the | Branch To aliend to the observations, cary out rectifcations receipt of LFAR and report where necessary, and submit the commented report ‘on commented Advance and the RG along with all the Annexures/ comments on is2.00 crore and above individual accounts to their Regional Authority Within next -7- days Regional | To scrutinise the compliance, comments! observations | Ottice submitted by the branches and submit to Zonal Ottice : along with their comments and RC Witin-7- days Zonal Office | To examine: a) Commented reports of LFAR of Branches and rectification of irregularities! compliance report of ‘Advance A/c. (Rs.2.00 crores and above) along with RO comments. b) Commented report of LFAR of Regional Office consolidated along with compliance made by RO. ©) Commented report of LFAR of Zonal Office consolidated along with compliance made by Branch Regional Office’ Zonal Office. A special Zonal Audit Commities Meeting is to be scheduled within -07- days from the date of final submission by Zone in respect of compliance made on LFAR observation and to discuss in the proposed ZAGM. Therealfter, the minutes of the ZACM including copies of all RCs duly countersigned by ZO to be submitted to CIAD, Baroda. We urge upon the Regions! Zones to strictly ensure compliance of the timelines for submission, General Manager rue waereastan wt, ae ines ar a mer, ty, tee, eater 990 007, TE Head Office: Baroda Bhawan, Central Internat Audit Division, 4 loor, Akapur, Baroda-390 007, naa E-mail gm ciod bec@bankofbaroda.com, cad.beo@bankotbarada.com Wt / T. 02652516876