Can a Branch Auditor doing Concurrent Audit for a branch of a bank be also appointed as Statutory Auditor of the same bank but another branch?
4 Replies
CA Mohit Agarwal
(Chartered Accountant)
(1025 Points)
Replied 08 February 2009
Hi Sammer,
Yes! the branch auditor can be appointed as a statutory auditor of bank of same branch.
Deepkiran
(CA Final Student)
(26 Points)
Replied 13 March 2009
Hello Mr. Mohit and Mr. Sathyanarayana,
Can you pls let me know the source of information you refered to while answering the question put up by Mr. Sameer? I'd be glad if you send me the link.
Thanks
Advisor
(Advisory)
(107 Points)
Replied 13 March 2009
Dear Freinds ,
Audit firms with internal audit assignments can not accept statutory audit assignment of that bank.
I request all my dear freinds to put their replies carefully.
Thanks.
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