Concurrent auditor can be stock/revenue auditor
This query is : Resolved
CA Sanjay Baheti
(Querist)
16 October 2012
whether A concurrent Auditor of a Nationalized Bank can be also a Stock/Revenue Auditor i.e.Concurrent Auditor of a Branch of Nationalized Bank can accept the Stock /Revenue Audit Assignment of other Branches of the same Nationalized Bank.
CA Satish Badve
(Expert)
16 October 2012
Yes. Many banks allot the work of Stock Audit to the concurrent auditors but some banks like Union Bank of India does not give the work of Stock audit and other assignments to the concurrent auditors. If alloted by the bank there is no bar and u can do such assignments
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