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.




    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.



    More »


    Popular News





    CCI Pro



    Company
    29 June 2026
    Accountant (Finance & Compliance)

    TRIEYEZ

    Kolkata

    CA

    View Details
    Company
    ARTICLESHIP 11 July 2026
    Article

    SNCO

    Mumbai

    CA Inter

    View Details
    Company
    23 July 2026
    CA Inter

    Vikram Jadhav and Company

    Pune

    CA Inter

    View Details
    Company
    29 June 2026
    ACCOUNTANT

    SANDEEP AASHISH & CO

    Araria

    B.Com

    View Details
    Company
    06 July 2026
    Accountant

    Agarwal Anoop and Associates

    Noida

    CA Final

    View Details
    Company
    16 July 2026
    CA Inter, CA Intermediate, CA IPCC, CA CPT , CA SemiQualifie

    Vakilsearch.com

    Chennai

    CA Inter

    View Details
    Company
    05 July 2026
    Financial Controller

    NovumLake Partners

    Mumbai

    CA

    View Details
    Company
    14 July 2026
    Senior Executive/ Manager

    H S SHARMA AND CO

    Pune

    CA Final

    View Details