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  • RBI to contest RTI queries on Bank Audits
    Posted Date : 04-Apr-2019 , 08:20:33 am | Posted By CASANSAAR

    The Reserve Bank of India (RBI) has taken a position that it will contest applications under right to information (RTI) seeking audit and inspection reports of banks despite a Supreme Court ruling in favour of disclosing the information. In a change of tack, the RBI has also decided to share informa...

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  • Bank Branch Audit 2019 - Update on allotment of Branches
    Posted Date : 31-Mar-2019 , 12:31:58 pm | Posted By CASANSAAR

    Bank Branch Audit 2019 - Update on allotment of Branches   As per information received, RBI has approved the Bank Branch Audit Panel. Banks start sending mails for allotment of Branches. Following Banks has started sending emails for allotment of branches as informed by Mem...

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  • Bank Branch Statutory Audit Updates 2019
    Posted Date : 11-Mar-2019 , 10:19:08 am | Posted By CASANSAAR

    Bank Branch Statutory Audit Updates Panel of Statutory Bank auditors received by various banks.  Mails received from following banks as confirmed by Members :- Allahabad Bank Andhra Bank Bank of Baroda Bank of Maharashtra Bank of India (www.casansaar.com) Canara Bank Centr...

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  • ICAI develops software to allot CAs for bank audits
    Posted Date : 07-Jul-2018 , 08:09:07 am | Posted By CASANSAAR

    To ensure transparency in the allotment of chartered accountants (CAs) for bank audits, the Institute of Chartered Accountants of India (ICAI) has developed a software that randomly selects the auditors and allots them to banks. Speaking on the sidelines of a two-day national conference for ICAI ...

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  • RBI tightens Banks' Statutory Auditor rules
    Posted Date : 05-Jul-2018 , 09:37:17 am | Posted By CASANSAAR

    The Reserve Bank of India (RBI) on Wednesday tightened rules on banks' statutory auditors saying it reserved the right to not approve appointments of such auditors for a specified period if their audit quality was not found satisfactory.  The Reserve Bank of India (RBI) said it will take...

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  • Bank Branch Audit - Updates on allotment of Branches
    Posted Date : 31-Mar-2018 , 06:52:10 am | Posted By CASANSAAR

    Bank Branch Audit 2018 - Update on allotment of Branches   As per information received, RBI has approved the Bank Branch Audit Pannel. Banks start sending mails for allotment of Branches. Following Banks has start sending emails for allotment of branches as informed by Memb...

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  • Bank Branch Audit 2018 - Update on allotment of Branches
    Posted Date : 22-Mar-2018 , 12:10:10 am | Posted By CASANSAAR

    Bank Branch Audit 2018 - Update on allotment of Branches   As per information received, Banks has send the final list for bank branch statutory audit to RBI & waiting for RBI Approval.  Plz check your email on regular basis.  If you have any update regard...

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  • Bank Branch Statutory Audit Updates
    Posted Date : 19-Mar-2018 , 10:02:58 am | Posted By CASANSAAR

    Bank Branch Statutory Audit Updates Panel of Statutory Bank auditors received by various banks. As Per reliable sources, Some Banks are using Software for allotment proess. Following Banks has start sending mails for Bank Branch Audit:- Corporation Bank Canara Bank Syndicate Bank Indian ...

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  • Guidance Note on Audit of Banks 2018 Edition issued by ICAI
    Posted Date : 11-Mar-2018 , 09:29:17 pm | Posted By CASANSAAR

    Guidance Note on Audit of Banks 2018 edition issued by the Auditing and Assurance Standards Board – (11-03-2018) Independent audit of financial statement of banks is essential for a healthy, safe and sound banking system. Audit of banks involves number of peculiarities e.g. huge volumes and...

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  • Need to eliminate AD HOCISM in auditor selection at PSBs: ICAI
    Posted Date : 13-May-2017 , 06:27:21 am | Posted By CASANSAAR

    A centralised system for auditor selection at public sector banks will help do away with "ad hocism", chartered accountants' apex body ICAI has said amid concerns over alleged malpractices in the whole process. In the wake of the concerns flagged by the Institute of Chartered Accoun...

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  • RBI advises PSBs to have fair system for branch auditor appointments
    Posted Date : 07-May-2017 , 07:10:24 pm | Posted By CASANSAAR

    The Reserve Bank has advised public sector banks to put in place a fair and transparent mechanism for appointment of statutory branch auditors. Chartered accountants' apex body ICAI has been raising concerns over the selection process followed by public sector banks (PSBs) with respect to aud...

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  • Bank Branch Audit allotment update
    Posted Date : 31-Mar-2017 , 12:36:37 pm | Posted By CASANSAAR

    Bank Branch Audit - Update on allotment of Branches   RBI has approved the Bank Branch Audit Pannel. Banks start sending mails for allotment of Branches. Following Banks has start sending emails for allotment of branches as informed by Members. OBC Andhra Bank Dena Bank ...

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  • Bank Branch Audit - Update on allotment of Branches
    Posted Date : 21-Mar-2017 , 09:12:54 am | Posted By CASANSAAR

    Bank Branch Audit - Update on allotment of Branches   Banks has send the final list for bank branch statutory audit to RBI & waiting for RBI Approval. Few Bank has received the final approval and will start the allotment process very soon.   Plz check your email on regular basis....

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  • Bank Branch Statutory Audit Updates
    Posted Date : 16-Mar-2017 , 02:38:59 pm | Posted By CASANSAAR

    Bank Branch Statutory Audit Updates Panel of Statutory Bank auditors received by various banks.  Mails received from following banks as confirmed by Members :- Andhra Bank Allahabad Bank Oriental Bank of Commerce United Bank of India Indian Overseas Bank  Sta...

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  • Bank Branch Audit - Allotment of Branches Update
    Posted Date : 30-Mar-2016 , 10:15:36 pm | Posted By CASANSAAR

    Bank Branch Audit - Allocation of Branches Update: RBI has approved the Bank Branch Audit Pannel. Banks start sending mails for allocation of Branches. Following Banks has started the process for sending emails for allotment of Branches as informed by the Members. Bank of In...

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  • Bank Branch Statutory Audit Updates
    Posted Date : 11-Mar-2016 , 02:48:17 pm | Posted By CASANSAAR

    Bank Branch Statutory Audit Updates   Banks have received the list from RBI and start sending emails for Bank Branch Statutory Audits. Mails Received from following Banks as confirmed by Members:- State Bank of Patiala (SBoP) Canara Bank State Bank of India (SBI) Bank of Baroda...

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  • RBI directs concurrent auditors to submit reports directly to banks
    Posted Date : 25-Sep-2015 , 08:07:57 am | Posted By CASANSAAR

    The Reserve Bank of India has asked concurrent auditors of commercial banks to do to submit their review of non-performing loans directly to the banks and discontinue the practice of submitting it to the statutory auditors who conduct quarterly and half yearly review of bank accounts.  Concu...

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  • RBI issues new guidelines for Concurrent Audit of Bank Branches
    Posted Date : 17-Jul-2015 , 08:50:49 am | Posted By CASANSAAR

    The Reserve Bank on Thursday said the concurrent audit at bank branches should cover at least half of their advances and deposits. The concurrent audit system is regarded as part of a bank's early warning system to ensure timely detection of irregularities and lapses. "Concurrent audi...

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  • ICAI set per Member limit for Concurrent Audit of Banks
    Posted Date : 16-May-2015 , 10:06:24 pm | Posted By CASANSAAR

    The Council decided to fix limit on concurrent audit of banks at 4 audits per member per year. Cooperative banks and RRBs were exempted from the limit. The above limit will come into effect from 1.1.2016. It is our endeavour to strengthen policies and procedures that enable members to render qual...

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  • Completion of Bank Branch Audits for the year 2014-15 - ICAI
    Posted Date : 08-Apr-2015 , 04:06:07 pm | Posted By CASANSAAR

    Bank Branch Audits for the year 2014-15 Dear Sir,   It has come to our notice that Public Sector Banks do put pressure on their branch auditors to complete their audits in the first 7 or 10 days of April itself.  We strongly feel that providing such limited time for completion o...

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  • News about Bank Branch Audit-Allotment of Branches
    Posted Date : 30-Mar-2015 , 08:44:39 pm | Posted By CASANSAAR

    News about Bank Branch Audit-Allotment of Branches. RBI has released the list for Bank branch audit & email received from following banks :- (PNB, SBBJ, SBOP, Allahabad Bank, BOM, SBM, SBT, Bank of India, Andhra Bank, Dena Bank, SBI, BOI, Syndicate Bank, Canara Bank, UBI, BOB, CBI, Vijaya ...

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  • Bank Branch Audit Latest update
    Posted Date : 25-Mar-2015 , 08:07:31 pm | Posted By CASANSAAR

    Bank Audit Latest update : Mail still not received by banks from RBI but as per RBI officials it will be shortly released. (RBI are in consolidation process because some members had send multiple consents, as per news available.) Members are waiting for the mails but no body knows the exe...

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  • Bank Branch Audit - Allotment of Branches Update
    Posted Date : 25-Mar-2015 , 10:04:00 am | Posted By CASANSAAR

    Bank Branch Audit - Allocation of Branches Update: Banks will start sending letters to members for allotment of branches by today. Banks had been asked for clearance of CSA List. If Banks provide it then from today itself or it may be further delayed.  Meeting of Central ...

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  • Bank Branch Audit Update
    Posted Date : 23-Mar-2015 , 08:52:17 am | Posted By CASANSAAR

    Bank Branch Audit Update: Banks may get the final approval list from RBI today. Plz check your email on regular basis because banks will start alloting branches immidiately once received the final approval list from RBI  Most of the bank finalised allocation of branches, jus...

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  • Updates on Bank Branch Audit - Allotment of Branches
    Posted Date : 20-Mar-2015 , 08:58:12 am | Posted By CASANSAAR

    Bank had finalsed the list for bank branch audits & forwarded the same to RBI for final approval. Once its approved by RBI, banks will start the process of Allotment of branches. it may take 1-2 days. So Most of the banks will start the process for allotment of branches for Bank Branch Audit fro...

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  • ICAI Constitutes Expert Panel for Addressing Bank Branch Audit Queries for FY 2014-15
    Posted Date : 14-Mar-2015 , 10:16:21 pm | Posted By CASANSAAR

    Dear Members, The bank branch audit season is around the corner. Given the fact that the banking industry is typical in terms of its geographical and customer spread, the volume and varied nature of products and services offered, coupled with the strict constraints for completing the audits,...

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  • Updates on allotment of Statutory Bank Branch Audits
    Posted Date : 14-Mar-2015 , 04:03:01 pm | Posted By CASANSAAR

    Banks has start sending emails for Bank Branch Statutory Audits.   Mails received from following Banks as per our confirmation.   Syndicate Bank Canara Bank Bank of Baroda  Bank of India Union Bank of India Punjab National Bank UCO Bank Allahabad ...

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