Showing posts with label No more than 4 Banks for Concurrent Audit. Show all posts
Showing posts with label No more than 4 Banks for Concurrent Audit. Show all posts

Saturday, May 16, 2015

No more than 4 Banks for Concurrent Audit

The council of the Institute of Chartered Accountants of India, has decided to limit the number of Banks a Chartered Accountant can do Concurrent Audit of to 4. The council in its 342nd Council Meeting decided that 

"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."