ramji google (practice) (55 Points)
09 January 2009Hi All
Could you please suggest on how to enroll for bank concurrent audit, stock audit, revenue audit assignments.
we are a CA firm with 3 partners (2 FCA, 1 ACA).
Is the empanelemtn form, auditor appointment procedure is same of statutory bank audits or is different.
Looking forward to hear.
Ramji
Anoop Shrivastava
(Free Lancer)
(476 Points)
Replied 09 January 2009
Sir,
Actually in this case the HO and RO (Regional Office) of bank will appoint the auditors for revenue, Concurrent audit and stock audits. You have to show your intention to do the audit of their Bank. U have to submit the profile of your firm to the regional office of the Bank. And after conidering ur intention the HO will appoint the Auditors for Concurrent audit, but the stock and revenue audit are given by the RO.
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