The Auditing and Assurance Standards Board (AASB) of the Institute of Chartered Accountants of India (ICAI) has released the Exposure Draft of the Guidance Note on Audit of Banks (2025 Edition) for public comments. This annual Guidance Note provides comprehensive instructions to auditors conducting statutory audits of banks and their branches, ensuring adherence to regulatory and professional standards.
Official copy of the notification is as follows
The Auditing and Assurance Standards Board (AASB) of ICAI under the authority of the Council of ICAI brings out the revised edition of "Guidance Note on Audit of Banks" every year to provide detailed guidance to auditors on statutory audit of banks and bank branches. AASB is in the process of bringing out the Guidance Note on Audit of Banks (2025 Edition).In this regard, AASB has issued the Exposure Draft of the Guidance Note on Audit of Banks (2025 Edition) for public comment.
The Exposure Draft is available at the link: https://resource.cdn.icai.org/84176aasb67871.pdf
Invitation to comment
AASB invites comments from various stakeholders on the Exposure Draft.
How to submit Comments
Comments on the Exposure Draft may be submitted through any of the following modes.
| Email: | aasb[at]icai[dot]in |
| Postal: | Secretary, Auditing and Assurance Standards BoardThe Institute of Chartered Accountants of IndiaICAI Bhawan, Post Box No. 7100, Indraprastha Marg, New Delhi- 110002 |
Last date for submitting comments on the Exposure Draft is 05th February 2025.
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