Quick Summary
With the bank audit season approaching, the Auditing and Assurance Standards Board (AASB) of the Institute of Chartered Accountants of India (ICAI) has announced the launch of an Online Panel of Experts to assist members with bank branch audit-related queries for the financial year 2024-25. Official copy of the notification is as follows The bank audit season is around the corner and the Reserve Bank of India (RBI) has made several significant announcements requiring the attention of Statuto
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FAQ :
The panel has been launched to assist ICAI members with queries related to bank branch audits for the financial year 2024-25, especially given the upcoming audit season and new RBI guidelines.
The Auditing and Assurance Standards Board (AASB) of the Institute of Chartered Accountants of India (ICAI) has announced the launch of the panel.
The panel will address queries from 1st April 2025 until 15th April 2025.
Queries should be sent to the email address: bankauditfaq@icai.in.
Auditors may face challenges in determining NPA status, understanding complex data, finding relevant RBI circulars, interpreting RBI requirements, assessing documentation, and preparing various audit reports.
No, the views expressed by the experts are their personal views and not necessarily those of the AASB or the ICAI. ICAI and the panel members do not accept responsibility for actions taken based on this advice.
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