Representation made to RBI for improving quality of Bank Audit

Representation made to RBI for improving quality of Bank Audit : CA Associations have given representations to RBI for improving quality of

CA Deepak Gupta

Mar 18, 2018

Last update on Mar 18, 2018

Representation made to RBI for improving quality of Bank Audit : CA Associations have given representations to RBI for improving quality of Bank Audit.

CA associations of Lucknow, Ahemdabad, Karnataka & Bombay have givenrepresentations to RBI for improvement of quality of Bank Audit.
This representation was made in wake of developments/irregularities in Punjab National Bank.
In the representation, suggestions were given for making the audit more independent & informative.
Through that representation it was also suggested that appointment of statutory branch auditors should be made latest by end of February, so that Auditor has sufficient time for performing quality Audit.
It was also suggested that the number of branches covered in scope of Bank Audit should be increased.
It was also suggested that meetings between Bank Management, Central Statutory Auditors & Branch Statutory Auditors should be organised so that their suggestions & observations can be communicated, which may be helpful in performing quality Audit.
Please find the copy of representation in the below mentioned link.

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CA Deepak Gupta

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CA Deepak Gupta,is Co-founder of Studycafe. He is Microsoft Office Specialist and Corporate Trainer of AI Tools, Microsoft Excel. He is Finance Influencer having more than 250K followers on Social Media. CA Deepak Gupta, is Having more than 14 plus years of experience, and he has Worked with best brands Like, Hero, Wipro, Ericsson before Starting Studycafe. He has Trained more than 20000 Persons in Microsoft Excel, PowerPoint, Power BI, Google Sheet, Google Forms and Other Tools.