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Excel Functions to address New Long Form Audit Report

Kothapalli Vijay Srinivas

Updated: May 13, 2021







My Article in March 2021 Newsletter of Hyderabad Branch of SIRC of ICAI







Reserve Bank of India has released a revised Long Form Audit Report (LFAR) on September 05, 2020 vide Notification No. DOS.CO.PPG./SEC.01/11.01.005/2020-21. The new LFAR not only included new clauses, but it also requires auditors to provide details of List of accounts examined for audit along with percentage examined out of “Total Outstanding of the branch”, thereby making the erstwhile Long Form Audit Report not only a “Longer” Form of Audit Report but also a “Detailed” Form of Audit Report.


Now is the time to revisit few of Excel features and functions, which helps us identify proper sample for examining and also for validating the data provided for audit. The same can be viewed in my Newsletter published by Hyderabad Branch of SIRC of ICAI in its March 2021 Newsletter which can also be accessed at https://www.hydicai.org/resources/newsletters_details/1081


You may also my article directly here:




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Updated as of October 2023 by K Vijay Srinivas

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