ICAI allowed communication with the Retiring Auditor through E-mail
PrintListen to this Article
The existing Code of Ethics, 2009 , provides, under commentary to Clause (8) of Part-I of First Schedule to The Chartered Accountants Act, 1949 as under :-
“Members should therefore communicate with a retiring auditor in such a manner as to retain in their hands positive evidence of the delivery of the communication to the addressee. In the opinion of the Council, communication by a letter sent “Registered Acknowledgement due” or by hand against a written acknowledgement would in the normal course provide such evidence.”
Due to the existing constraint of communication through abovementioned modes, it has been decided that the members may communicate with the Retiring Auditor vide E-mail , provided an acknowledgement of such communication is received from the Retiring Auditor’s E-mail address registered with the Institute or his last known official E-mail address. Such acknowledgement of communication would be deemed as valid evidence of positive delivery of communication.
Source - ICAI - Website
Category : Bank Branch Audit | Comments : 0 | Hits : 3815
Bank Branch Audit 2024 Updates :- Bank started sending mails. (Plz also confirm with your Bank). Few Bank also started to New Auditors, Bank Wise Details Updated on CA Sansaar Twitter Handle ...Can Check on Twitter Plz https://twitter.com/casansaar Check mail on regular Basis (Also Spam Folder). Process are going to start very soon. If you have any News about Bank Branch Audit then can share with CASANSAAR WhatsApp No. 8285393786 . Total Number of Bank Branch Statutory...
Bank Branch Audit 2024 Updates :- As Per Reliable Sources, RBI has sent the Branch Audit Panel to Banks. Bank will start sending mails soon. (Plz also confirm with your Bank). Bank Wise Details Updated on CA Sansaar Twitter Handle ...Can Check on Twitter Plz https://twitter.com/casansaar Check mail on regular Basis (Also Spam Folder). Process are going to start very soon. If you have any News about Bank Branch Audit then can share with CASANSAAR WhatsApp No. 8285393786
In yet another case of loan scam, a case of cheating, criminal breach of trust and forgery has been booked against the management of the Ajanta Urban Cooperative Bank as well as the employees concerned who have worked in it since March 2006. The scam is to the tune of Rs 97.4 crore, the city police said. The auditor of the bank has been arrested. Based on a complaint lodged by the cooperative societies department’s special auditor Suresh Kakde, the City Chowk police registered an FIR...
Changing of cut-off date to 1st July instead of 1st January of every year for the Bank Branch Auditors Panel As members are aware, every year PDC prepares a Multipurpose Empanelment Panel of Chartered Accountants/firms spread across the country based on multi layered logic for providing it to RBI and others. The cut-off date for the constitution of the firm and its members is considered as on 1st January of every year considering submission of Form 18 upto one month of submission (till 31st J...
Q. 13 Whether the Concurrent Auditor of a Branch of a Bank can undertake the assignment of LFAR of the same Branch? A. The concurrent Auditor of a Branch can undertake the assignment of LFAR only with respect to Branches which are not subject to Statutory Audit. With respect to Branches which are subject to Statutory Audit, the LFAR assignment shall be undertaken by the Statutory Auditor. Miscellaneous Certification The concurrent auditor/Internal Auditor may undertake the...
Comments