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Auditing and Assurance Standards Board The Institute of Chartered Accountants of India 31st March, 2023 ONLINE PANEL OF EXPERTS FOR ADDRESSING BANK BRANCH AUDIT RELATED QUERIES Dear Members, The bank audit season is around the corner. Various significant announcements have been made by the Reserve Bank of India (RBI), which require the attention of Statutory Branch Auditors (SBAs), including revised guidelines regarding Prudential Norms on income recognition, asset classification and
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FAQ :
The panel has been formed to help members of the ICAI address queries and issues that arise during bank branch audits, particularly concerning recent RBI guidelines and pronouncements.
The panel is available for members of the Institute of Chartered Accountants of India (ICAI) who are conducting bank branch audits.
Queries can cover a range of topics including NPA status determination, implications of complex data, understanding RBI circulars, audit report wording, and reporting requirements.
Members can submit their queries to the panel from 1st April 2023 until 15th April 2023.
Queries should be sent via email to the address bankauditfaq@icai.in.
No, the views expressed by the experts are their personal opinions and do not necessarily represent the official views of the AASB or the ICAI. They should not be used as evidence in any legal proceedings.
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