Announcement for the Attention of the members-Bank Audits for the FY ended 31.03.2010

Announcement for the Attention of the members-Bank Audits for the FY ended 31.03.2010

FOR THE ATTENTION OF THE MEMBERS
Bank Audits for the FY ended 31.03.2010

The bank audit season is around the corner. Banking being an industry typical in terms of its geographical and customer spread, volume of transactions as well as the types of products and services offered coupled with the time constraints for completing the audits, the members face a number of issues in their bank audit assignments. To help the members in fast resolution of those issues, the Auditing and Assurance Standards Board of the Institute of Chartered Accountants of India is constituting a panel of experts to address queries of the members relating to audits of banks and bank branches for the year ended March 31, 2010.

The expert panel would receive queries only from March 23, 2010 to April 10, 2010. Members may send their queries during these dates at bankauditfaq@icai.org.

Members are, however, requested to note that the responses given by the expert(s) would be the personal views and opinions of the expert(s) concerned. The Auditing and Assurance Standards Board or the Institute of Chartered Accountants of India may not necessarily subscribe to the views and opinions of the expert(s) nor do they accept any responsibility for the actions taken by the members based on the responses of the expert(s).