Tag: Statutory Central Auditors
RBI issues Guidelines on Appointment / Re-appointment of Statutory Auditors of State Co-operative Banks and Central Co-operative Banks RBI has issued guidelines on Appointment/Re-appointment of Statutory Auditors of Co-operative Banks. The guidelines shall come into effect from April 1, 2024. State Co-operative Banks (StCBs) and Central Co-operative Banks …
During tenure as SCA/SA, an audit firm may be appointed as concurrent auditor of the same bank. Clarification regarding Guidelines issued by RBI for Appointment of Statutory Central Auditors (SCAs)/Statutory Auditors (SAs) of Commercial Banks (Excluding RRBs), UCBs and NBFCs (including HFCs) The RBI has issued a Circular …
RBI has revised the remuneration payable to the Statutory Central and Branch Auditors of Nationalized banks effective from the FY 2022-23. The revised remuneration is as under: 1. Remuneration for Central Statutory Audit work of the bank The fees admissible to the SCAs for Audit of the Head/Central …
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). …
RBI revises Long Form Audit Report (LFAR) – New formats applicable for audit period covering FY 2020-21 & onwards Keeping in view the large scale changes in the size, complexities, business model and risks in the banking operations, RBI had made a review of the LFAR formats, in …
List of audit firms approved for appointment as Statutory Central Auditors in 21 Public Sector Banks for the year 2018-19 Sl. No. Name of the Bank Statutory Central Auditors for the year 2018-19 1 Allahabad Bank 1. M/s Nandy Halder & Ganguli, Kolkata 2. M/s P L Tandon …
Minimum rest period of SCA in private-foreign bank made 6 years. An audit firm will not be eligible for appointment for 6 years after completion of its term Reserve Bank of India Appointment of Statutory Central Auditors (SCAs) – modification of rest period RBI/2017-18/29 DBS.ARS.BC.04/08.91.001/2017-18 July 27, 2017 …
Audit Firms appointed as Statutory Central Auditors for 2016-17 in 25 Public Sector Banks. Final list of CA firms as per RBI website Names of Audit Firms approved for appointment as Statutory Central Auditors in 25 Public Sector Banks for the year 2016-17 Sr No Auditors appointed for …
