banner_ad

Guidance note on audit of Bank

Last updated: 12 March 2008


GUIDANCE NOTE ON AUDIT OF BANKS (2008 Edn.)

We are pleased to inform that a revised 2008 Edition of the Guidance Note on Audit of Banks has been released.

The 2008 edition of the Guidance note has been divided into four distinct parts.

Part I - Banking Operations


information about the banking industry

  • its legal framework

  • accounting and auditing framework.

  • significant financial statement items-their presentation in the financial statements, relevant RBI guidelines, etc.

    Part II – Audit Approach and Procedures


    Basic audit considerations in branch office vis a vis head office

  • audit procedures for each of the financial statement item discussed in Part I.

    Part III - Long Form Audit Reports


    LFAR in branches

  • LFAR in head office

    Part IV - Special Aspects


    Special aspects such as Ghosh Jilani Committee requirements

  • SLR certification, etc., respectively.

    The Guidance Note comes with a CD pasted at the inside of its back cover. This CD contains the text of relevant circulars of the RBI. The CD is not to be sold separately.

    How to Get a Copy

    The Guidance Note is available for sale at the sales counters of all the ICAI’s Regional Councils/ their branches near you.

    OR

    If however, you are unable to get one from there, you can send a Demand Draft of Rs.400/- plus courier charges as applicable (courier in Delhi – Rs. 15/-, courier outside Delhi – Rs. 50/-). The DD should be in favour of The Secretary, The Institute of Chartered Accountants of India payable at New Delhi. The DD can be sent at the following address:

    Assistant Secretary (STORES)

    The Institute of Chartered Accountants of India,

    ICAI Bhawan

    , C–1, Sector-1,

    NOIDA – 201 301.

    Tel.: 0120 – 3054 802

    In case you need any further information, drop in a mail at aasb@icai.org or noidastores@icai.org or call at 0120 –3054 815.


    CCI Pro



    News posted by

    Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.


    Comments



    More »


    Popular News





    CCI Pro
    Meet our CAclubindia PRO Members




    Company
    21 May 2026
    Associate

    PWC

    Kolkata

    CA

    View Details
    Company
    ARTICLESHIP 17 May 2026
    CA Article /Trainee

    Malik Sunil & co

    New Delhi

    CA Foundation

    View Details
    Company
    19 May 2026
    Accountant

    ca kunjan

    Mumbai

    CA Inter

    View Details
    Company
    27 May 2026
    Audit Assitant

    Virender K Gupta and Co

    New Delhi

    B.Com

    View Details
    Company
    22 May 2026
    Audit assistant

    Displayandbeyond

    Mumbai

    CA

    View Details
    Company
    29 May 2026
    Company Secretary - Part time

    Shaswat initial support private limited

    Ahmedabad

    CS

    View Details
    Company
    26 May 2026
    Audit executive

    vdsr & co LLP

    Chennai

    CA Inter

    View Details
    Company
    26 May 2026
    Education Content Creator

    Adyayam Education LLP

    Bengaluru

    CA Foundation

    View Details