Banking audit

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Querist : Anonymous

Querist : Anonymous (Querist)

09 June 2014 Dear ,

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

Sandeep Dharar

Sandeep Dharar (Expert)
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09 June 2014 A CA holding COP can do Bank Audit in India.

Querist : Anonymous

Querist : Anonymous (Querist)

09 June 2014 but any other qualification required like CISA OR DISA ?

how many ears of experience required?

Sandeep Dharar

Sandeep Dharar (Expert)
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09 June 2014 No only a CA can do Bank Audit, Both ACA and FCA can do Bank Audit.

Nikhil Kaushik online

Nikhil Kaushik online

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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

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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10 June 2014 there is no mandatory clause that u must be cisa and/disa for such audit.

Nikhil Kaushik online

Nikhil Kaushik online

(Expert)
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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

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

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

http://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

http://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

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

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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10 June 2014 ya i agree that additional qualification is always prefered.

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