Financial Daily from THE HINDU group of publications
Thursday, Apr 08, 2004
Financial Daily from THE HINDU group of publications Thursday, Apr 08, 2004 |
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Money & Banking
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Auditing ICAI moves RBI on branch audit time schedule K.R. Srivats
New Delhi , April 7 THE Institute of Chartered Accountants of India (ICAI) has once again urged the Reserve Bank of India to advise banks to provide "adequate time" to their auditors for completion of the branch audit. "We have received complaints from our members that the banks are asking them to complete the audit of branches by the first week of April. This time is found inadequate to do justice to the audit processes by our members, and therefore, we have again approached RBI in this regard," a senior ICAI official told Business Line here. ICAI is aggrieved that the time limit for conducting branch audit work is being curtailed by the boards of banks to ensure early announcement of audited results.
More Stories on : Auditing | RBI & Other Central Banks
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