Limit of concurrent bank audit
chaitri kharod (115 Points)
03 October 2021
what is the limit of concurrent bank audit?? how it is calculated
2 Replies
Rama chary Rachakonda
(Master in Accounts & high court Advocate email ID:ramachary64@gmail.com voice no:9989324294)
(7640 Points)
Replied 03 October 2021
the Council decided to fix limit on concurrent audit of banks at 4 audits per member per year. Cooperative banks and RRBs were exempted from the limit. The above limit will come into effect from 1.1.2016. These limits are carefully kept to enable members to devote more time thereby improving the quality of work.
chaitri kharod
(115 Points)
Replied 03 October 2021
Ohh...okay...is this limit individual branch wise or aggregate of all branches.....suppose, there are 5 branches of SBI then this limit is applicable to all branches or individual branch....
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