ICAI Guidance Note on Audit of Banks 2026 Edition
ICAI has issued 2025 edition of the Guidance Note on Audit of Banks. The revised 2026 edition incorporates the impact of the various circulars of the Reserve Bank of India as well as certain important advisories, pronouncements of the ICAI which would be relevant to bank audits for the financial year ending March 31, 2026.
The Auditing and Assurance Standards Board (AASB) of the Institute of Chartered Accountants of India (ICAI) issues the revised edition of the publication- “Guidance Note on Audit of Banks” every year under the authority of the Council of ICAI. This Guidance Note provides detailed guidance to the members regarding statutory audit of banks and bank branches.
The Guidance given in the Guidance Note is broadly bifurcated into two Sections i.e. Section A -Statutory Central Audit and Section B -Bank Branch Audit. For the benefit of the members, the Guidance Note also contains various Appendices, including illustrative formats of engagement letter, illustrative formats of auditor’s report (both for nationalized banks and banking companies), illustrative formats of management representation letter, the text of master directions, master circulars and other relevant circulars issued by RBI.
Download ICAI 2026 edition of Guidance Note on Audit of Banks Click Here >>
Text of Relevant Master Circulars Issued by the RBI
Text of Relevant Master Directions Issued by the RBI
Text of Relevant Notifications, FAQs and General Circulars
Download ICAI revised 2025 edition of Guidance Note on Audit of Banks Click Here >>
Download ICAI revised 2024 edition of Guidance Note on Audit of Banks Click Here >>
Download ICAI revised 2023 edition of Guidance Note on Audit of Banks Click Here >>
Download ICAI revised 2021 edition of Guidance Note on Audit of Banks Click Here >>
Download ICAI revised 2020 edition of Guidance Note on Audit of Banks Click Here >>
ICAI issued Addendum to Guidance Note on Audit of Banks 2020 Edition Click Here >>
- Applicability of Guidance Note on Financial Statements of Non-Corporate Entities/LLPs
- Requirement of DIN referencing in Income Tax notices etc. and exceptions
- Applicability of deeming fiction u/s 50C when property purchased & sold within same year
- ICAI defers the effective date of Standard on Quality Management SQM1 and SQM2
- Addition based on letter of District Magistrate not recovered during search deleted
