Bank Branch Advance limit for statutory Audit fixed at 6 Cr. and above & Once in 3 year for below Rs. 6 Cr
Posted by Deepak Gupta
Posted on Friday, March 23, 2012
with No comments
Bank Branch Audit Policy by RBI 2011-12
Posted by Deepak Gupta
Posted on Tuesday, March 20, 2012
with 1 comment
Bank Branch Statutory Audit 2011-12/ Bank Branch Audit Allotment 2012
And 1/5th of remaining could be new allocation for bank branch audit.
The final communication in this regard is awaited from RBI. Initial limit proposed was 100 crores and above. The decreased in limit is as a result of effort made by ICAI.