You have been asked by your senior to verify the high value cash deposits at the Kanpur branch.

You have been asked by your senior to verify the high value cash deposits at the Kanpur branch.
What parameters/ documents will you verify as the concurrent auditor of the branch

a) Concurrent auditor has to verify the details of cash remittance to Currency Chest only.

B) You need to verify the KYC documents of the customer/s and the reason for high value cash
deposit in the account like nature of business or sale of property etc.

C) Verify the KYC documents of the account in which cash is deposited; verify the reason for high
value cash deposit in the account like nature of business/ transaction etc.; verify the
discrepancies found in the cash of the customer/s, if any and ensure that the records of
Currency Chest remittance is maintained properly.

D) As a concurrent auditor you need to verify the reason of regular cash deposit in the account/s
and the nature of discrepancies, if any, found in cash deposited by the customer/s.