Guidance note in audit of banks has been issued by Institute of Chartered Accountant of India (ICAI) on 21st January 2019. “Guidance Note on Audit of Banks” to provide detailed guidance to the members who undertake audits of banks and bank branches.
The Guidance Note on Audit of Banks is issued by the Auditing and Assurance Standards Board (AASB) of ICAI every year with the objective to provide detailed and updated guidance to the members on various aspects of bank audits. The Guidance Note is an important resource for the members carrying out audits of banks and bank branches.
Readers may note that this edition of the Guidance Note has been divided in three separate sections as follows: