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Auditing and Assurance Standards Board The Institute of Chartered Accountants of India 28th March, 2024 ONLINE PANEL OF EXPERTS FOR ADDRESSING BANK BRANCH AUDIT-RELATED QUERIES Dear Members, The bank audit season is around the corner and the Reserve Bank of India (RBI) has made several significant announcements requiring the attention of Statutory Branch Auditors (SBAs). These include revised guidelines on Basel III capital regulations, prudential norms for income recognition, a
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FAQ :
The panel has been set up to provide members with fast resolution for queries related to bank branch audits for the financial year 2023-24, especially in light of recent RBI announcements and audit complexities.
Members of the Institute of Chartered Accountants of India (ICAI) can submit queries to the panel.
Queries can be submitted from 1st April 2024 until 30th April 2024.
Queries should be sent via email to bankauditfaq@icai.in.
The panel will address queries related to bank branch audits, including challenges like NPA determination, complex data, understanding RBI circulars, documentation adequacy, audit report wording, and reporting requirements.
No, the views expressed by the experts are their personal views and not necessarily those of the AASB or ICAI. They should not be used as evidence in any proceedings.
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