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Clarification as to Stock/Revenue/Concurrent Auditor of Bank

 
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skb1234



Joined: 30 Jan 2010
Posts: 5

PostPosted: Thu 04 Feb, 2010 12:52 pm    Post subject: Clarification as to Stock/Revenue/Concurrent Auditor of Bank Reply with quote

Whether a Stock /Revenue auditor of any Nationalised Bank's Branches can be appointed as concurrent Auditor for the same Bank.

Ca Sanjay Baheti
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audithouse



Joined: 28 Jun 2009
Posts: 3

PostPosted: Sat 20 Feb, 2010 11:31 am    Post subject: Reply with quote

dear sir,

a stock auditor can be appointed as the concurrent auditor.

but a revenue auditor cannot be appointed as concurrent auditor.

normally a concurrent auditor will take care of stock and revenue audits.

for the banks which does not comes under the concurrent audit a seperate stock auditor and revenue auditors will be appointed

ca.V.JAYAPRAKASH.M.COM.,F.CA.,DISA(ICAI), DIRM(ICAI).MICA
CHARTERED ACCOUNTANT , SALEM 9443224211
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