After how many years of practice does a CA become eligible to do bank audits?
9 Replies
CA. Sourav Sarkar
(Chartered Accountant )
(24588 Points)
Replied 16 April 2021
It's upto Banks Audit Committee Board internal system policy what is their requirements.. Different policies for different banks
Ankit Neema
(2742 Points)
Replied 18 April 2021
In My View 3 years,as MEF can be filed only after 3 years in practice.
CA. Sourav Sarkar
(Chartered Accountant )
(24588 Points)
Replied 18 April 2021
The firm or at least one of the CAs should have preferably conducted branch audit of a nationalized bank or of a private sector bank with deposits not less than Rs. 500 crore for at least 3 years.
CA. Sourav Sarkar
(Chartered Accountant )
(24588 Points)
Replied 18 April 2021
I know this matter, But also bank ACB also have their own internal concurrent audit policy
Ankit Neema
(2742 Points)
Replied 18 April 2021
Are you CA? , Do you know for appointment as bank auditor you need to fill the MEF form. That firm can be filed only after 3 years .
CA. Sourav Sarkar
(Chartered Accountant )
(24588 Points)
Replied 18 April 2021
Status not updated. And Also I'm a Auditor in Bank
Recent Topics
- DRC 03 payment method
- GST Registration for Service Providers
- Tax for individual freelancing service providers
- LUT Number confusion! ARN or Reference Number
- Section 44ADA Query - 75 Lakh Limit Clarification
- GST on Rent RCM
- Clarification on GST Credit Note Rejection and Ret
- ITR filing as representative capacity
- Conversion of Inherited and Acquired Agricultural
- Is TCS applicable on sale of used car by a Compnay
Related Threads
CAclubindia
