LIVE GST Certification Course by CA Arun Chhajer begins 27th April. Register Now!!

Practical Bank Audit by CMA

Sahil Ahuja (Accountant) (73 Points)

28 March 2021

As per many source available only, CMA are eligible for all bank audits. I want to know that are there really CMAs who are doing bank Audits. As per many advertising for bank auditors they clearly conditioned that applicant should be member of ICAI.

Reply
Follow
Share

2 Replies

CA. Sourav Sarkar (Chartered Accountant ) (24578 Points)
Replied 28 March 2021

That depends upon the conditions put by the BANKS. There is no any restrictive clause in GENERAL audit, barring cost accountants or for that matter any person other than a chartered accountant from conducting concurrent audit. It will depend upon the policy of the BANK.

But Generally I Mean More Than 99%,In Their Eligibility Criteria They Ask For CA Only.

Sahil Ahuja (Accountant) (73 Points)
Replied 29 March 2021

have any PIL aur action against such policy without any legal backing initiated by ICWAI or any other person. If not, why are these people tolerating such policies