Concurrent Audit System in Banks

In our previous posts we talked about (1) Tax audit, (2) What is the stock audit, and (3) What is a forensic audit?  (4) What is a Legal Audit? (5) What is a statutory audit? In this post let us study what is a concurrent audit? All scheduled bank branches with deposits over Rs. 50…

Statutory audit of banks explained

In our previous posts we talked about (1) Tax audit, (2) What is the stock audit, and (3) What is a forensic audit?  (4) What is a Legal Audit? (5) Concurrent Audit System in bank. In this post let us study what is a statutory audit? RBI issues new guidelines for Appointment of Statutory Central…