BankAudit AI
Your AI companion for bank branch statutory audit. Every answer cites specific ICAI paragraph numbers, page references, and RBI circular numbers — directly from the Guidance Note on Audit of Banks (2026 Edition). 7 workflows covering every stage — from audit planning to LFAR submission.
Every Answer Backed by the Guidance Note
No generic AI responses. Every answer traces back to specific paragraphs and page numbers from the ICAI Guidance Note on Audit of Banks (2026 Edition)
Zero Hallucination
AI responds only from the ICAI Guidance Note and RBI norms. Every citation is verifiable — paragraph number, page range, and RBI circular reference included
2026 Edition — Latest
Based on the 21st Edition (March 2026) of the Guidance Note, incorporating all RBI Master Directions and circulars up to February 28, 2026
Understands Context
Ask in plain language — the AI understands audit concepts and finds the right sections even if you don't know the exact paragraph number
RBI Norms Integrated
RBI Master Circulars, Master Directions, and IRAC norms cross-referenced throughout — so you always get the complete regulatory picture
Every Stage of Your Bank Audit — AI-Powered
From initial research to final LFAR submission — a dedicated AI workflow for each audit task
Research
Ask any question about bank audit. AI answers with specific ICAI paragraph numbers, page references, and RBI circular citations. Conversation history with follow-up capability.
Audit Checklist Generator
Select branch type (Metro/Urban/Semi-Urban/Rural) and audit areas. AI generates a comprehensive checklist with what to verify, documents to check, ICAI references, and RBI circular numbers.
Document Analyzer
Upload any audit document — trial balance, NPA statement, advances schedule, LFAR draft. AI cross-references with the Guidance Note and RBI norms to identify compliance gaps, misclassifications, and audit observations.
Audit Report Generator
Upload your findings and branch details — AI generates a complete LFAR (Long Form Audit Report) in RBI's prescribed format plus the Main Branch Auditor's Report per Appendix III/IV. No token limits — full comprehensive output.
LFAR Guide
Describe your branch profile — AI provides section-by-section LFAR preparation guidance with specific verification steps, common findings, and reporting tips for each LFAR section.
NPA Verification
Enter account details — AI classifies per IRAC norms (SMA-0/1/2, Sub-Standard, Doubtful, Loss), calculates provisioning requirements, and cites the specific RBI master direction governing the classification.
RBI Reference Search
Search for any RBI circular or master direction referenced in the Guidance Note. Cross-references with the specific ICAI chapter and page where each circular is discussed.
MOC Generator
Enter your audit observations — AI generates a structured Memorandum of Changes with Dr/Cr amounts, P&L impact, ICAI and RBI references. Download as Excel, ready for submission to branch management.
LFAR Draft
Provide branch profile and key findings — AI drafts actual LFAR responses per RBI's prescribed questionnaire format. First-person audit language, section-by-section, with ICAI paragraph and RBI circular citations.
Engagement Letter
Enter bank and auditor details — AI generates a customized engagement letter per ICAI Appendix V (Nationalised Bank) or Appendix VII (Banking Company). Ready to print and sign.
Two AI Tiers — Choose Your Power
Both tiers search the same ICAI Guidance Note knowledge base. The difference is in depth of analysis and reasoning.
TaxCorp Fast AI
Lightning-fast responses for research and checklist generation. Ideal for quick lookups during audit fieldwork.
TaxCorp Advanced AI
Premium tier with deeper analysis, nuanced reasoning, and comprehensive report generation. Best for LFAR drafting, NPA classification, and audit report generation.
Built for Bank Auditors
Whether you're a first-time SBA or leading a central audit team — BankAudit AI accelerates every step
Statutory Branch Auditors (SBAs)
First-time or experienced — get ICAI-compliant guidance for every audit area
Statutory Central Auditors (SCAs)
Consolidate branch LFARs, verify IRAC compliance, prepare certificates
CA Firms
Scale your bank audit practice — AI handles research while your team focuses on judgment
Audit Trainees
Learn bank audit procedures with AI that cites exact ICAI paragraphs and RBI norms
Ready to Transform Your Bank Audit?
Fully backed by the ICAI Guidance Note. 10 AI workflows. From planning to LFAR submission — BankAudit AI has you covered.