Audit News

Merger of firms and allocation of audit of bank branch

03 August 2009 at 17:13

Policy adopted in respect of Merger of Firms in allocation of bank branch statutory auditors for the year 2008-09Firms A & Co, B& Co. merge in C & Co during the year(a) All three firms are empanelled in bank branch auditors panel and a

Posted in Audit | 9075 Views

Inviting suggestions/ comments on draft LFAR of RRBs

27 July 2009 at 11:37

Inviting suggestions/ comments on draft LFAR of RRBsSub: Inviting suggestions/ comments on draft LFAR of RRBs.LFAR is a major tool to analyze the performance of banks. It not only gives a very narrow view of banking operations but also acts as an ea

Posted in Audit | 1 comments | 6291 Views

MEF form for the year 2009-10 hosted

01 May 2009 at 18:26

MULTIPURPOSE EMPANELMENT FORM (MEF) FOR THE YEAR 2009-10 HOSTED ON THE WEBSITE www.meficai.org. Last date for submission of applications is 15th June, 2009.

Posted in Audit | 1 comments | 13461 Views

Specimen Multipurpose Empanelment Form 2009-10

19 April 2009 at 00:28

Specimen Multipurpose Empanelment Form 2009-10Professional Development Committee (PDC) is pleased to host the thoroughly revamped Multipurpose Empanelment Form (MEF) for the year 2009-10. The new form has been comprehensively revised to make it user

Posted in Audit | 3 comments | 15582 Views

Peer review for audit firms of Listed Company

08 April 2009 at 14:35

Members may be aware that the Council had accepted the recommendation of Securities & Exchange Board of India (SEBI) that audit of listed companies shall be carried out by the auditors who have undergone Peer Review Process and have been issued P

Posted in Audit | 30594 Views

A critical factor for auditors to perform quality audit

02 April 2009 at 11:11

Time frame for conducting bank branch statutory audit assignment - A critical factor for auditors to perform quality auditAfter Satyam episode, we have a mammoth responsibility in the area of trust building that urges the members of the profession to

Posted in Audit | 1 comments | 13821 Views

List of SBAs forwarded by RBI to PSU Banks for 08-09

01 April 2009 at 13:58

List of Statutory Branch Auditors (SBAs) forwarded by RBI to Public Sector Banks for - 2008-09 The list of 18672 audit firms, which have been recommended by the RBI for statutory branch audit assignments in public sector banks during the year 2

Posted in Audit | 11823 Views

Suggestion to members who have been alloted Stat Bank Audit

30 March 2009 at 13:07

Timely and Quality completion of bank audit assignments has always been a challenging task for all the auditors. Standards have to be followed and deadlines are to be set. I am sure, by this time of the year you have already planned to undertake bank

Posted in Audit | 4 comments | 10527 Views

Auditors Responsibilities Relating to Restructuring of Adv

27 March 2009 at 15:12

1. Attention of the members carrying out audit of financial statements of banks for the year ended March 31, 2009, is drawn to Reserve Bank of India’s circular no. DBOD.BP.BC.No.105/21.04.132/2008

Posted in Audit | 5109 Views

ICAI pitches for independent appointment of bank auditors

26 March 2009 at 17:15

RBI recommendations should be followed in appointments Author : DNA Money CorrespondentThe Institute of Chartered Accountants of India has demanded that the appointment of auditors in the public sector and private sector banks should be made on the b

Posted in Audit | 8103 Views