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Dear Members, The bank audit season is around the corner. Various significant announcements have been made by the Reserve Bank of India (RBI), which requires the attention of Statutory Branch Auditors (SBAs), including revised guidelines regarding Prudential Norms on income recognition, asset cla
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FAQ :
The panel has been established by the Auditing and Assurance Standards Board (AASB) of ICAI to provide members with prompt assistance for queries arising during bank branch audits.
The panel is operational from 1st April 2022 to 15th April 2022.
Queries should be sent via email to bankauditfaq@icai.in.
The panel can help with issues such as determining NPA status, understanding implications of data found in audits, clarifying RBI circulars, documentation adequacy, and reporting requirements.
No, the views expressed by the experts are their personal opinions and do not necessarily represent the official stance of the AASB or ICAI. They should not be used in any legal proceedings.
Queries should be brief but contain full information and facts. Members are advised not to mention the name of the bank, branch, or borrower to maintain client confidentiality.
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