I would like to know whether Concurrent audit in respect banks is more relevant compare year end audit with regards to heavy transactions or not?
CA. Chikkerur C R (PRACTICE) (3584 Points)
29 October 2010I would like to know whether Concurrent audit in respect banks is more relevant compare year end audit with regards to heavy transactions or not?
Manoj Khandelwal
(Practice)
(347 Points)
Replied 29 October 2010
Yes, in banks concurrent audit is more important because of voluminous tansactions and a lot of statutory compliances imposed by RBI, SEBI and other Government Bodies.
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