ICAI has issued exposure draft of ‘Guidance Note on Bank Audits (2020 Edition)’ for comments/ suggestions of Members. The last date for comments is 17th February 2020.
The comments can send at:
Secretary, Auditing and Assurance Standards Board The Institute of Chartered Accountants of India ICAI Bhawan, A-29, Sector-62, NOIDA, Uttar Pradesh – 201 309 or can be mailed at Comments can also be e-mailed at: firstname.lastname@example.org
This guidance note is divided into 2 parts, i.e. Section A (Statutory Central Audit) and Section B (Bank Branch Audit).
AASB of ICAI has issued the ‘Guidance Note on Bank Audits’ which includes detailed guidance of members on various important items of financial statements of banks, disclosure requirements, prudential norms of RBI, audit procedures, LFAR reporting, Ghosh and Jilani, special purpose reports and certificates, etc.