Concurrent Audits & Statutory Audits of Banks

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

26 November 2010 Mine is a proprietorship concern. I would like to start concurrent audits as well as the statutory audits of banks. Please guide me regarding the eligibility criteria for the same. I have enrolled for ISA exams. will it be beneficial?

Sunali

Sunali (Expert)
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11 December 2010 Hi,

For Statutory Audit of Banks, you need to get your firm empaneled with ICAI. Afterwards, the audits are assigned to all the CA firms on the basis of their experiences and academics.

For Concurrent and other audits, in my opinion, you can submit your bio data with Banks looking forward to assign various audits. The advertisements for the same can be located at ICAI job portal and other related.

Of course, ISA, once done, is of significant value.