Appointment of Stock/revenue/Concurrent Auditor

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Whether a Stock/Revenue Auditor of any Nationalised Bank's Branches can be appointed as concurrent Auditor for the same Bank ' s other Branches concurrently.

Regards.

CA Sanjay Baheti,Ahmedabad.

Replies (1)

 Sanjay  SIr,                                                                                                                                                                     

Appointment of a Stock/Revenue Auditor of any Nationalised Bank's Branches as concurrent Auditor for the same Bank ' s other Branches concurrently Depends on the the Policy of the Bank.

As regards RBI Guidlines This audits are Responsiblity of managemtnt and if they Accept a Stock/Revenue Auditor Bank's Branches  as concurrent Auditor for the same Bank ' s other Branches concurrently There is nothing Wrong. 

It is an Opinion


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