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CA, CS, CMA : Bank Audit Manual 2022-23 with editable Excel formats. Explore key updates, Break Even Date for NPA, LFAR key checks, Bank Audit R...
CA, CS, CMA : Learn about the Memorandum of Changes (MOC) in bank audits - its importance, nature, format, and key considerations for auditors. ...
CA, CS, CMA : Discover essential steps for an effective bank branch statutory audit, from initial preparation to finalization of reports. Explor...
Fema / RBI : RBI identifies major reasons for asset classification divergence in UCBs, including improper provisioning, NPA mismanagement, and ...
CA, CS, CMA : Get expert help with bank branch audit queries for 2023-24. AASB, ICAI's online panel resolves challenges faced by auditors. Email...
CA, CS, CMA : Unlock the secrets of statutory bank branch audits in our live course! Dive deep into regulatory insights, practical techniques, a...
CA, CS, CMA : Explore the 2024 edition of ICAI's Guidance Note on Audit of Banks. Includes sections on RBI Master Circulars, Master Directions, ...
CA, CS, CMA : Explore the Exposure Draft by AASB on Audit of Banks 2024. Share your insights through email or post by 31st December 2023. ...
CA, CS, CMA : It is the case of the petitioners that they have been appointed as Statutory Branch Auditors by the erstwhile Allahabad Bank, whic...
Fema / RBI : Explore RBI guidelines effective from April 1, 2024, on Statutory Auditor appointment for State and Central Co-operative Banks. Ke...
Fema / RBI : Source- Unconfirmed and based on File Received from Social Media Revised RBI Guidelines for Appointment / Re-appointment of Statut...
Fema / RBI : RBI increases remuneration payable to Statutory Central Auditors (SCAs) & Branch Auditors (SBAs) of Nationalised Banks (NBs) from...
Fema / RBI : Issue of Guidelines for Appointment of Statutory Central Auditors (SCAs)/Statutory Auditors (SAs) of Commercial Banks (excluding R...
Fema / RBI : As per Para 6.4, whether the time gap of one year between any non-audit works by the SCAs/SAs for the Entities or any audit/non-au...
Explore the critical GST perspectives during Statutory Bank Audits. Learn about transactions, exemptions, reverse charges, place of supply, and their impact on banking company financials. Understand GST implications on various services, foreign transactions, legal services, and input tax credit. Ensure compliance with GST rules, place of supply provisions, and export supply conditions. Trustworthy insights for Auditors conducting Statutory Bank Audits in the evolving GST landscape.
As we all know that Statutory Bank Branch Audit is a one time task for a particular financial. Also we need to complete the bank audit within limited time so it’s an commendable job on all the chartered Accountants to complete the audit on time with quality reporting. Also you all are aware that government […]
Source- Unconfirmed and based on File Received from Social Media Revised RBI Guidelines for Appointment / Re-appointment of Statutory Branch Auditors of Public Sector Banks and Norms on Business Coverage under Statutory Branch Audit of Public Sector Banks for the year ending March 31, 2023. Reserve Bank of India Ref. DoS.CO.ARG/S8213/08.91.001/2022-23 March 06, 2023 The Chairman/Managing […]
RBI increases remuneration payable to Statutory Central Auditors (SCAs) & Branch Auditors (SBAs) of Nationalised Banks (NBs) from FY 2022-23
In this article author has tried to throw some light on the procedure to be followed while conducting Revenue Leakage Audit in Banks
The RBI had issued certain clarifications vide its notification dated 12th Nov 2021 with a purpose to more accurately interpret the extant IRAC norms which we must keep in mind while conducting branch audits this time. The gist of the same are reproduced below which are very important from the perspective of deciding correct date […]
Representation seeking rationalisation of eligibility criteria for appointment of statutory auditors for of Commercial Banks (excluding RRBs), Urban Cooperative Banks (UCBs) and NBFCs (including HFCs)
If you have not read the latest and hotly discussed RBI guidelines on appointment of Statutory Central Auditors (SCAS)/Statutory Auditors of Commercial Banks (excluding RRBs), UCBs and NBFCs (including HFCs) dated April 27, 2021, let me reproduce the same below for ready reference from RBI website. Let us discuss the above guidelines in the light of […]
Representation to the Reserve Bank of India on Guidelines for Appointment of Statutory Central Auditors (SCAs)/ Statutory Auditors (SAs) of Commercial Banks (excluding RRBs), UCBs and NBFCs (including HFCs) RBI/2021-22/25 – Ref. No. DoS. CO.ARG/SEC.01/08.91.001/2021-22 Dated April 27, 2021 About us Bombay Chartered Accountants’ Society (BCAS), Association of Chartered Accountants, Chennai, Chartered Accountants Association Ahmedabad, […]
This article is in respect to ‘Guidelines for Appointment of Statutory Central Auditors (SCAs)/Statutory Auditors (SAs) of Commercial Banks (excluding RRBs), UCBs and NBFCs (including HFCs)’ issued by RBI vide DoS.CO.ARG/SEC.01/08.91.001/2021-22 dated 27/04/2021 The guidelines are issued for appointment/reappointment Statutory Central Auditors (SCAs)/Statutory Auditors (SAs) of Commercial Banks excluding Regional Rural Banks (RRBs); United Co-operative […]
