Guidance note on Bank Audit issued by ICAI – 2021 Edition

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Every year empanelment is done by RBI in association with ICAI for conducting statutory audit of Banks.

This year also empanelment process has been completed and auditors have been shortlisted to conduct audit at various branches and the respective Chartered Accountants would receive an email from the respective branch for conducting of Audit.

In this regard ICAI has published an around 800 pages guidance note on Bank Audit which is named as “Guidance Note on Audit of Banks (2021 Edition)”.

The above guidance note has been prepared with contributions from various senior Chartered Accountants.

There are 2 main sections in this guidance note by ICAI which is as under:

Section A – Statutory Central Audit

Section B – Bank Branch Audit.

Various other material available with ICAI for conducting bank audit are as under:

• Text of Relevant Master Circulars Issued by RBI
  • Index of Relevant Master Circulars Issued by RBI
  • Master Circulars
• Text of Relevant Master Directions Issued by RBI
  • Index of Relevant Master Directions Issued by RBI
  • Master Directions
• Text of Relevant Notifications, FAQs and General Circulars
  • Index of Relevant Notifications, FAQs and General Circulars
  • Text of Relevant Notifications, FAQs and General Circulars

To download full Guidance Note CLICK HERE.

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