Please Help: allotment of bank audit

Posted Date : 01-Apr-2012 , 06:34:48 pm | Posted By Vikram Narsaria

I have two queries
1> Is there a single empanelment for allorment of bank banch audits by rbi or the banks which have opted for autonomy in selection of branch audits have different panels?

2> Can a firm under cooling period still be allotted branch audit?

Category : Audit | Answers : 2 | Comments : 1 | Hits : 1516

Answers

Answer By: Anjali Arora

Hello,
1. Bank Branch audits are the autonomy of banks.
2. No Audits be allotted in cooling period.

Answer By: CA. SURESH Kr. AGARWAL

Dear if i understand you are asking for statutory Branch Audit if yes then:
1. Single empanelment is prepared by RBI.
2. The firm will be allotted audit of the same bank continue three year then after bank is changed.