Tag: statutory bank auditor

RBI issues FAQs on appointment Auditors of Banks, UCBs & NBFCs

RBI issues FAQs on appointment Auditors of Banks, UCBs & NBFCs. Time gaps required, prohibition on Concurrent auditors for appointment as SCAs/SAs In April 2021 RBI had issued Guidelines for Appointment of Statutory Central Auditors (SCAs)/Statutory Auditors (SAs) of Commercial Banks (excluding RRBs), UCBs and NBFCs (including HFCs). …

Revised Eligibility Criteria for appointment of Statutory Central Auditors (SCAs)/ Statutory Auditors (SAs) from FY 2021-22 and onwards

Revised Eligibility Criteria for Appointment of Statutory Central Auditors (SCAs)/ Statutory Auditors (SAs) from FY 2021-22 and onwards RBI has revised the Guidelines for Appointment of Statutory Central Auditors (SCAs)/ Statutory Auditors (SAs) of banks etc. The circular inter alia provides for the eligibility criteria for appointment.  Eligibility …

RBI revised Guidelines for Appointment of Statutory Central Auditors Statutory Auditors of Banks for FY 2021-22 & onwards

RBI issues revised Guidelines for Appointment of Statutory Central Auditors (SCAs)/Statutory Auditors (SAs) of Commercial Banks (excluding RRBs), UCBs and NBFCs (including Housing Finance Companies) for Financial Year 2021-22 and onwards. RBI has issued a Circular on ‘Guidelines for Appointment of Statutory Central Auditors (SCAs)/ Statutory Auditors (SAs) …

ICAI advisory for Bank Branch Auditors Specific Considerations for Distance / Remote Audit / Online Audit of Bank Branch under current Covid-19 situation

ICAI advisory for Statutory Bank Branch Auditors Specific Considerations while conducting Distance Audit / Remote Audit / Online Audit of Bank Branch under current Covid-19 situation ICAI has issued an advisory to its Chartered Accountants with illustrative list of considerations to be followed kept in mind for undertaking …