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Bank Audit

Stat Audit 1045 views 4 replies

Sameer D Luthra

SERVICE

69 Points Posted on 06 February 2009

Can a Branch Auditor doing Concurrent Audit for a branch of a bank be also appointed as Statutory Auditor of the same bank but another branch?

Replies (4)

Sathyanarayana G

1121 Points Posted on 06 February 2009

Yes

CA Mohit Agarwal

Chartered Accountant

1025 Points Posted on 08 February 2009

Hi Sammer,

Yes! the branch auditor can be appointed as a statutory auditor of bank of same branch.

Deepkiran

CA Final Student

26 Points Posted on 13 March 2009

Hello Mr. Mohit and Mr. Sathyanarayana,

Can you pls let me know the source of information you refered to while answering the question put up by Mr. Sameer? I'd be glad if you send me the link.

Thanks

Advisor

Advisory

107 Points Posted on 13 March 2009

Dear Freinds , Audit firms with internal audit assignments can not accept statutory audit assignment of that bank. I request all my dear freinds to put their replies carefully. Thanks.