Banking audit


This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
09 June 2014 Dear ,

What is the additional qualification required
for banking Audit of statutory or concurrent audit.



09 June 2014 A CA holding COP can do Bank Audit in India.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
09 June 2014 but any other qualification required like CISA OR DISA ?


how many ears of experience required?

09 June 2014 No only a CA can do Bank Audit, Both ACA and FCA can do Bank Audit.

09 June 2014 well yes, certain banks do ask for CISA/DISA qualifications. with respect to experience, that also is a subjective issue and varies from bank to bank

10 June 2014 there is no mandatory clause that u must be cisa and/disa for such audit.

10 June 2014 absolutely tushar.

but yes, banks are giving preference to CISA/DISA qualified.

you may refer

https://canarabankcsis.in/ext_audit/TERMS_AND_CONDITIONS.pdf

https://taxguru.in/chartered-accountant/line-empanelment-andhra-bank-concurrent-auditors-201415.html

https://taxindia.pz10.com/2014/05/online-empanelment-with-punjab-sind.html

https://www.bankofbaroda.com/download/application_empanelment.pdf

some of the banks have made is mandatory to include CISA/DISA qualified staff in the audit team, you may refer

https://taxguru.in/chartered-accountant/empanelment-vijya-bank-concurrent-audit-year-201415.html

Needless to say that for statutory audit, the requirement is mandatory. please refer Norms of Empanelment for Statutory Central Auditors of Public Sector Banks applicable from the year 2013-14

https://www.rbi.org.in/scripts/bs_viewcontent.aspx?Id=946

10 June 2014 ya i agree that additional qualification is always prefered.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
09 September 2026
SENIOR AUDITOR & ACCOUNTS MANAGER

Anupam Parashar & Co.

Ghaziabad

CA Final

View Details
Company
ARTICLESHIP 26 August 2026
CA Article Assistant/CA Drop Out/Accounts Executive

PARV & Co.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 04 September 2026
Accounts Executive

Hema Yashwanth & Associates

Chennai

B.Com

View Details
Company
20 September 2026
Semi Qualified CA

Navin & Associates

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 01 September 2026
Articles

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Foundation

View Details
Company
19 September 2026
CA/Semi-CA/BCom

Pravin Sarvaiya

Mumbai

CA Inter

View Details
Company
17 September 2026
Chartered Accountant

Dass Gupta & Associates

Gurgaon

CA

View Details
Company
ARTICLESHIP 21 September 2026
CA Article Assistant

KK & Company Chartered Accountant

Pune

CA Inter

View Details