ICAI Guidance Note on Audit of Banks, 2026 edition
The Institute has released its updated Guidance Note on Audit of Banks, incorporating recent regulatory changes relevant to statutory and concurrent bank auditors.
Source · ICAI
Industries / Banking & Financial Services
Banking & Financial Services
Sector Context
Public sector, regional rural and scheduled commercial banks operate under continuous RBI inspection cycles, where audit findings carry direct supervisory weight.
Why We Are Relevant Here
The firm has held audit panel appointments with public sector and regional rural banks since the 1980s — more than thirty-five years of continuous, panel-tested engagement with the sector.
Typical Engagement Types
- Statutory branch & concurrent audit
- Stock, receivables & revenue audit
- Asset-classification & inspection review
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