GUIDANCE NOTE ON AUDIT OF BANKS (2008 Edn.)

GUIDANCE NOTE ON AUDIT OF BANKS (2008 Edn.)

We are pleased to inform that a revised 2008

Edition of the Guidance Note on Audit of

Banks has been released.

The 2008 edition of the Guidance note has

been divided into four distinct parts.

Part I - Banking Operations

„h

ƒn information about the banking

„h

ƒn its legal framework

„h

ƒn accounting and auditing framework.

„h

presentation in the financial

statements, relevant RBI guidelines,

etc.

ƒn significant financial statement itemstheir
Part II
– Audit Approach and Procedures
„h

office
ƒn Basic audit considerations in branchvis a vis head office
„h

financial statement item discussed in

Part I.
ƒn audit procedures for each of the
Part III - Long Form Audit Reports

„h
ƒn LFAR in branches
„h
ƒn LFAR in head office
Part IV - Special Aspects

„h

Committee requirements
ƒn Special aspects such as Ghosh Jilani
„h

The Guidance Note comes with a CD pasted

at the inside of its back cover. This CD

contains the text of relevant circulars of the

RBI

How to Get a Copy
ƒn SLR certification, etc., respectively.. The CD is not to be sold separately.
The Guidance Note is

the sales counters
available for sale atof all the ICAI’s
Regional Councils/ their branches near you.

OR

If however, you are unable to get one from

there, you can send a Demand Draft of Rs.

400/- plus courier charges as applicable

(courier in Delhi

Delhi

favour of

Chartered Accountants of India

New Delhi. The DD can be sent at the

following address:

Assistant Secretary (STORES)

The Institute of Chartered Accountants of

India,
– Rs. 15/-, courier outside– Rs. 50/-). The DD should be inThe Secretary, The Institute ofpayable at
ICAI Bhawan

NOIDA
, C–1, Sector-1,– 201 301.
Tel.: 0120
– 3054 802
In case you need any further information,

drop in a mail at
aasb @ icai.org or
noidastores @ icai.org
or call us at 0120 –
3054 815.

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