Exposure Draft
Guidance Note on
Audit of Banks (2020 Edition)
(Last date for comments: February 17, 2020)
Issued by
Auditing and Assurance Standards Board
The Institute of Chartered Accountants of India
(Set up by an Act of Parliament)
New Delhi
Your comments on this Exposure Draft should reach us by February 17, 2020. Comments are most helpful if they indicate the specific paragraph(s) to which they relate, contain a clear rationale and, where applicable, provide a suggestion for alternative wording. The comments should be sent to:
Secretary, Auditing and Assurance Standards Board
The Institute of Chartered Accountants of India
ICAI Bhawan, A-29, Sector-62,
NOIDA, Uttar Pradesh – 201 309
Comments can also be e-mailed at: aasb@icai.in
Contents
Section A – Statutory Central Audit
| Chapter No. | Chapter Name | Page No. |
| 1 | Personal Banking & Operations Department | 1 |
| 2 | Digital Banking Department | 3 |
| 3 | Retail Banking & Marketing Department | 5 |
| 4 | Wealth Management & Third Party Products | 9 |
| 5 | International Banking Division & DFB | 12 |
| 6 | Treasury Operations | 14 |
| 7 | Audit of Information Technology and Digital Banking Division | 74 |
| 8 | Human Resources Department | 94 |
| 9 | Large Corporate and Loan Syndication | 96 |
| 10 | Micro, Small and Medium Enterprises Department | 97 |
| 11 | Rural & Agricultural Business Department | 99 |
| 12 | Law Department | 100 |
| 13 | Credit Recovery Department | 102 |
| 14 | Risk Management Department | 103 |
| 15 | Central audit & Inspection Department | 112 |
| 16 | Credit Monitoring and Restructuring Department | 114 |
| 17 | Consolidation & Balance Sheet Preparation | 134 |
| 18 | Government Business Department | 141 |
| 19 | Long Form Audit Reports Consolidation | 145 |
| 20 | Certification | 148 |
| 21 | Appendices | 152 |
| 22 | Illustrative Checklist for the verification of the aspects of the Treasury/Investments of the Bank in Statutory Audit | 215 |
Download Exposure Draft Guidance Note on Audit of Banks (2020 Edition)
